Description of Comcorp's services

Comcorp invent, develop, deploy, train, service & support mortgage software. The companies core markets are mortgage originators and banks. The products provide business tools such as workflow systems and management reports to originators and banks, as well as enabling the submission of electronic homeloans to banks. Comcorp’s services support banks, originators and software companies in the electronic homeloans space. The company defines itself as a Mortgage software specialist.

Comcorp have recently been awarded the enviable accolade of Microsoft Gold Partner.

Mortgage Switch for Electronic Homeloans

Comcorp Online has a live industry Mortgage Switch. Comcorp pioneered mortgage software for the origination industry, initially investing over R 35 Million. Having concluded contracts with each of the major banks, Comcorp provide an outsourcing service to supply complete, validated, electronic mortgage applications via the Switch from the country’s leading mortgage originators.

The Switch enables users of Comcorp’s BondTrak software as well as other software vendors to submit electronic loan applications to any of the major banks in a format acceptable to each bank. The Switch provides vendors with one technical specification that integrates into all the banks. Comcorp also offer a number of value added technical services around the Switch as well as ongoing maintenance of the bank interfaces and technical support to the vendors. The Switch reduces complexity by allowing a vendor to focus on developing proprietary software. The Switch also provides electronic status updates and automated decisions from the banks.

The Switch has processed over 2,000,000 home loan applications valued at R900 billion to-date. That is an average of R5 million rands a minute processed into Banks.

BondTrak is a smart client software application which enables an originator to transact & communicate electronically with banks. Originators can capture a deal, apply for finance online, receive a response from the bank, track the deal, update interested parties via SMS, manage their commissions and pull reports. Comcorp has over 1,600 sets of it’s BondTrak software deployed within 520 companies.

BizTrak is powerful reporting software.