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        <title>A Top 30 Stream of CIERCUS SYSTEMS, LTD. Press Releases (in OGG format) via PRWeb</title>
        <link>http://www.prwebpodcast.com</link>
        <description>A Top 30 Stream of CIERCUS SYSTEMS, LTD. Press Releases (in OGG format) via PRWeb</description>
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        <pubDate>Sun, 06 Jul 2008 03:21:20 -0700</pubDate>
        <category>CIERCUS SYSTEMS, LTD.</category>
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        <itunes:subtitle>A Top 30 Stream of CIERCUS SYSTEMS, LTD. Press Releases (in OGG format) via PRWeb</itunes:subtitle>
        <itunes:summary>A Top 30 Stream of CIERCUS SYSTEMS, LTD. Press Releases (in OGG format) via PRWeb</itunes:summary>
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                        <title>Ciercus Announces Acquisitions to Expand its Mortgage Fraud Fighting Platform</title>
                        <link>http://www.prweb.com/releases/Ciercus/System/prweb410973.htm</link>
                        <comments>http://www.prweb.com/releases/Ciercus/System/prweb410973.htm</comments>
                        <description>Internet based company adds closing agent certification, QC &#38; compliance consulting services to Its lender product lineup. [PRWeb Jul 13, 2006]</description>
                        <guid>http://www.prweb.com/releases/Ciercus/System/prweb410973.htm</guid>
                        <pubDate>Fri, 14 Jul 2006 14:06:05 -0700</pubDate>
                        <author>podcrew@extrahoop.com</author>
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                        <content:encoded><![CDATA[Mountain Lakes, NJ (PRWEB) July 13, 2006 -- Ciercus Systems, Ltd., announced today that it had acquired Professional Assurance, Inc. and Mortgage QC Professionals to provide additional mortgage fraud fighting tools to its Internet based platform of services.



On June 28, 2006 Ciercus announced the launch of its proprietary web-based &#8220;back end&#8221; closing table fraud system for use by mortgage lenders, warehouse banks and title underwriters.  The system is the first of its kind to address fraud at mortgage loan closings.  

Professional Assurance, Inc. offers closing agent certification services that provide mortgage lenders with access to a settlement agent data base with verifiable credentials, experience and references.

Professional Assurance Certified Closing Agents (PACCA) meet verifiable standards of professionalism, have established their licensing credentials, escrow account information, professional liability insurance coverage, have demonstrated relevant industry experience, and have provided at least three, verified professional references attesting to their competency in mortgage closing transactions. Professional closing agents enjoy a public platform to offer their services to mortgage lenders nationwide.

Mortgage QC Professionals provides mortgage bankers and brokers a comprehensive product offering of critical quality control components and related services designed for mortgage bankers or brokers who either lack qualified staff with which to perform these key functions, or  have previously opted to outsource these areas of the business to various vendors. In addition to these quality control-related services, Mortgage QC Professionals also specializes in providing regulatory compliance audit services for mortgage lenders, as well as a complete spectrum of loss mitigation services.

By integrating these companies and their services into the Ciercus System product platform, Ciercus hopes to become a valuable resource for fighting fraud in the mortgage industry.

Ciercus President, Andrew Liput told a news conference that &#8220;this new merger of services offers the industry important new tools in the fight against mortgage schemers.  With losses last year from mortgage fraud in the Billions, most of it caused by insiders, such as realtors, closing agents and straw buyers, our industry needs new technologies to combat closing table fraud.  Together with the Ciercus System, Professional Assurance and Mortgage QC Professionals give lenders the tools they need to close the loop and stop closing table fraud.  We are excited about this new development.&#8221;

Ciercus stands for &#8220;Closing Industry Electronic data Registration, Collection and Utilization System.&#8221;
    
Ciercus Systems, Ltd. is a New Jersey corporation founded by mortgage industry professionals who have a combined 40 years experience in origination, underwriting, compliance, regulatory and banking law matters related to mortgage lending. The Ciercus System is the result of years of planning and development and is in direct response to the rising levels of mortgage fraud that are crippling the mortgage industry.

Ciercus offers 24/7 technical and customer support and can be reached by phone at 1-888-4CIERCUS.  Visit us at <a href="http://www.ciercus.com" onclick="linkClick( this.href );"  target="_blank">www.ciercus.com</a> for more information.

# # #]]></content:encoded>
                        <itunes:author>Andrew Liput</itunes:author>
                        <itunes:subtitle>Ciercus Announces Acquisitions to Expand its Mortgage Fraud Fighting Platform</itunes:subtitle>
                        <itunes:summary><![CDATA[Mountain Lakes, NJ (PRWEB) July 13, 2006 -- Ciercus Systems, Ltd., announced today that it had acquired Professional Assurance, Inc. and Mortgage QC Professionals to provide additional mortgage fraud fighting tools to its Internet based platform of services.



On June 28, 2006 Ciercus announced the launch of its proprietary web-based &#8220;back end&#8221; closing table fraud system for use by mortgage lenders, warehouse banks and title underwriters.  The system is the first of its kind to address fraud at mortgage loan closings.  

Professional Assurance, Inc. offers closing agent certification services that provide mortgage lenders with access to a settlement agent data base with verifiable credentials, experience and references.

Professional Assurance Certified Closing Agents (PACCA) meet verifiable standards of professionalism, have established their licensing credentials, escrow account information, professional liability insurance coverage, have demonstrated relevant industry experience, and have provided at least three, verified professional references attesting to their competency in mortgage closing transactions. Professional closing agents enjoy a public platform to offer their services to mortgage lenders nationwide.

Mortgage QC Professionals provides mortgage bankers and brokers a comprehensive product offering of critical quality control components and related services designed for mortgage bankers or brokers who either lack qualified staff with which to perform these key functions, or  have previously opted to outsource these areas of the business to various vendors. In addition to these quality control-related services, Mortgage QC Professionals also specializes in providing regulatory compliance audit services for mortgage lenders, as well as a complete spectrum of loss mitigation services.

By integrating these companies and their services into the Ciercus System product platform, Ciercus hopes to become a valuable resource for fighting fraud in the mortgage industry.

Ciercus President, Andrew Liput told a news conference that &#8220;this new merger of services offers the industry important new tools in the fight against mortgage schemers.  With losses last year from mortgage fraud in the Billions, most of it caused by insiders, such as realtors, closing agents and straw buyers, our industry needs new technologies to combat closing table fraud.  Together with the Ciercus System, Professional Assurance and Mortgage QC Professionals give lenders the tools they need to close the loop and stop closing table fraud.  We are excited about this new development.&#8221;

Ciercus stands for &#8220;Closing Industry Electronic data Registration, Collection and Utilization System.&#8221;
    
Ciercus Systems, Ltd. is a New Jersey corporation founded by mortgage industry professionals who have a combined 40 years experience in origination, underwriting, compliance, regulatory and banking law matters related to mortgage lending. The Ciercus System is the result of years of planning and development and is in direct response to the rising levels of mortgage fraud that are crippling the mortgage industry.

Ciercus offers 24/7 technical and customer support and can be reached by phone at 1-888-4CIERCUS.  Visit us at <a href="http://www.ciercus.com" onclick="linkClick( this.href );"  target="_blank">www.ciercus.com</a> for more information.

# # #]]></itunes:summary>

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                        <title>New Internet Site to Revolutionize Mortgage Industry and Fight Closing Fraud</title>
                        <link>http://www.prweb.com/releases/2006/6/prweb405417.htm</link>
                        <comments>http://www.prweb.com/releases/2006/6/prweb405417.htm</comments>
                        <description>Ciercus Systems, Ltd., announced today an August 1st release date for a new proprietary web-based system to be used primarily by mortgage lenders that will provide real time information about closing activity, and also act as a &#8220;back end&#8221; fraud deterrent, addressing fraud issues affecting mortgage closings nationwide. [PRWeb Jun 29, 2006]</description>
                        <guid>http://www.prweb.com/releases/2006/6/prweb405417.htm</guid>
                        <pubDate>Fri, 30 Jun 2006 10:11:31 -0700</pubDate>
                        <author>podcrew@extrahoop.com</author>
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                        <content:encoded><![CDATA[Mountain Lakes, NJ (PRWEB) June 29, 2006 -- Ciercus Systems, Ltd., announced today that it would shortly release a new proprietary web-based system for use primarily by mortgage lenders that will provide real time information about closing activity, and also act as a &#8220;back end&#8221; fraud deterrent, addressing fraud issues affecting mortgage closings nationwide.

With FBI statistics reflecting rising levels of mortgage fraud, and lenders shelling out almost $30 Billion in reported losses from mortgage fraud in 2005, the need for fraud detection and deterrent systems has grown considerably. While there are several software systems available to assist mortgage lenders in loan origination and underwriting, there has been no method for lenders to actually &#8220;enter the closing room,&#8221; prior to the development of the Ciercus System.

Ciercus President, Andrew Liput expects the fully customizable system to appeal to warehouse lenders, mortgage banks, and title insurance underwriters, each of whom have an important financial stake in what happens at the real estate closing table. Liput said, &#8220;The Ciercus System is a revolutionary approach to mortgage loan closing practices.  It transforms the closing preparation and ceremony process, one that has not changed in many years, to help deter closing table fraud, and provide timely copies of key closing documents and comprehensive reports of closing details. These documents and reports are critically important to enhance a lender&#8217;s comfort level when wiring funds, and also to help in loss mitigation efforts. &#8221;  He added &#8220;discussions have been underway for months with key industry leaders about strategic partnerships to make the Ciercus System an industry standard.&#8221; The company expects the system to be available to the marketplace by August this year.

The idea behind the product was created in 2001, but the actual system has been under development for 2 years at a cost of more than a quarter of a Million dollars.

Ciercus stands for &#8220;Closing Industry Electronic data Registration, Collection and Utilization System.&#8221;
    
Ciercus Systems, Ltd. is a New Jersey corporation founded by mortgage industry professionals who have a combined 50 years experience in origination, underwriting, compliance, regulatory and banking law matters related to mortgage lending. The Ciercus System is the result of years of planning and development and is in direct response to the rising levels of mortgage fraud that are crippling the mortgage industry.

Ciercus offers 24/7 technical and customer support and can be reached by phone at 1-888-4CIERCUS. 

# # #]]></content:encoded>
                        <itunes:author>Andrew Liput</itunes:author>
                        <itunes:subtitle>New Internet Site to Revolutionize Mortgage Industry and Fight Closing Fraud</itunes:subtitle>
                        <itunes:summary><![CDATA[Mountain Lakes, NJ (PRWEB) June 29, 2006 -- Ciercus Systems, Ltd., announced today that it would shortly release a new proprietary web-based system for use primarily by mortgage lenders that will provide real time information about closing activity, and also act as a &#8220;back end&#8221; fraud deterrent, addressing fraud issues affecting mortgage closings nationwide.

With FBI statistics reflecting rising levels of mortgage fraud, and lenders shelling out almost $30 Billion in reported losses from mortgage fraud in 2005, the need for fraud detection and deterrent systems has grown considerably. While there are several software systems available to assist mortgage lenders in loan origination and underwriting, there has been no method for lenders to actually &#8220;enter the closing room,&#8221; prior to the development of the Ciercus System.

Ciercus President, Andrew Liput expects the fully customizable system to appeal to warehouse lenders, mortgage banks, and title insurance underwriters, each of whom have an important financial stake in what happens at the real estate closing table. Liput said, &#8220;The Ciercus System is a revolutionary approach to mortgage loan closing practices.  It transforms the closing preparation and ceremony process, one that has not changed in many years, to help deter closing table fraud, and provide timely copies of key closing documents and comprehensive reports of closing details. These documents and reports are critically important to enhance a lender&#8217;s comfort level when wiring funds, and also to help in loss mitigation efforts. &#8221;  He added &#8220;discussions have been underway for months with key industry leaders about strategic partnerships to make the Ciercus System an industry standard.&#8221; The company expects the system to be available to the marketplace by August this year.

The idea behind the product was created in 2001, but the actual system has been under development for 2 years at a cost of more than a quarter of a Million dollars.

Ciercus stands for &#8220;Closing Industry Electronic data Registration, Collection and Utilization System.&#8221;
    
Ciercus Systems, Ltd. is a New Jersey corporation founded by mortgage industry professionals who have a combined 50 years experience in origination, underwriting, compliance, regulatory and banking law matters related to mortgage lending. The Ciercus System is the result of years of planning and development and is in direct response to the rising levels of mortgage fraud that are crippling the mortgage industry.

Ciercus offers 24/7 technical and customer support and can be reached by phone at 1-888-4CIERCUS. 

# # #]]></itunes:summary>

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        <itunes:category text=" Business News" />
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