AURORA, CO – Nortridge Software LLC, a leading provider of loan servicing software, and CyberTrails, a world class data center, announced today that they have entered into a joint venture agreement. A new company named CyberRidge, has been formed to handle the rollout of products created as a result of this new partnership.
The initial focus of this new partnership will be to create affordable, scalable and secure loan servicing solutions that are based on the existing Nortridge loan servicing platform and leverage the resources of the CyberTrails data center. Servicers who sign on to use the new hosted ASP (SaaS) application will get the added benefit of knowing their data is stored in a state-of-the-art facility. CyberTrails will house all data associated with the ASP application in their data center which features 24/7 onsite security personnel, centralized environmental control monitoring and redundant power supplies.
"We're very excited about this chance to offer our system as a hosted software product. We've known for a long time that there are many customers out there who don't want to buy a software license. Either they're just starting up and they don't want the long-term commitment or they lack the IT resources to set up and run such a comprehensive system," explains Greg Hindson, CEO of Nortridge Software. "With this hosted software, lenders can basically 'lease' our service and pay a monthly fee for using it. This means they don't have to worry about adding IT staff, maintaining hardware or paying for software upgrades. We handle all that for them. We think this new approach to selling our system will get the attention of a lot of lenders."
Headquartered in Phoenix, Arizona, the CyberTrails data center is a world class solution for businesses that need to store their business-critical information in a safe, secure environment, free from natural disasters. Data center services include: co-location, managed hosting, system security, data backup and business continuity services. Established in 1995, CyberTrails is also the largest ISP in Arizona, providing Internet solutions to residents, businesses and municipalities in over 170 cities throughout the state. For more information, visit www.cybertrails.com.
Nortridge Software LLC, provides lenders and loan servicers with the automation needed to more profitably originate, service, collect and report on loan portfolios. Since 1981, Nortridge has leveraged its experience in banking, lending and software development to provide clients with quality software solutions and excellent support services. Today, the Nortridge Loan System is valued by loan servicing companies representing a wide range of industries and loan portfolio sizes. The company is headquartered in Lake Forest, Calif. For more information, visit: www.nortridge.com.
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