RCG Information Technology has released Clouds - a comprehensive loan origination, underwriting, and determination system. Using artificial intelligence, the software can apply thousands of rules to a mortgage application to determine if mortgages are meeting federal and state policies. The key lies in the single point of entry for all data, which can then be manipulated against thousands of set rules and regulations. The system will support more than 600 standard forms and can generate custom reports.
The front end runs on any Windows-based personal computer. On the back end, the software runs on multiple platforms from Netware, Windows NT, Unix, and OS/2.
The automatic credit interface is priced at $30,000; for the artificial intelligence determination system, the price is $75,000.
RCG Information Technology, a $800 million-asset software consulting firm, is a wholly owned subsidiary of RCG International Inc., New York.