Toronto, Canada – June 23, 2008: Strategic Information Technology Limited (“SIT”) is pleased to announce that Equitable Trust has completed their upgrade to Portfolio Plus 2008.
“Our upgrade to Portfolio Plus 2008 will help us improve our customer service and our business efficiency,” said Andrew Moor, President and Chief Executive Officer of Equitable Trust. “SIT provided great support during this upgrade process and we will be counting on them to continue this support as we aim to make our operations more effective.”
“Equitable Trust was SIT’s first business partner to use Portfolio Plus, then called Strategy/PM, in 1994,” said G. Robert Leeming, President of SIT. “From the beginning, we’ve had a solid partnership based on mutual success and trust. It doesn’t get any better than that. In addition, Equitable Trust has continually shared their future strategies with us. This helps ensure that Portfolio Plus is ready to support their continued market advancements.”
Equitable Trust provides mortgage financing to purchasers of properties primarily located in south-western Ontario with focus on the greater Toronto area and surrounding commuter regions. Equitable Trust’s principal business is residential first mortgage financing to owners of single family dwellings and multi-unit residential buildings. Equitable Trust is an alternative lender to borrowers who are unable to satisfy the strict underwriting criteria of conventional bank mortgage lenders. Equitable Trust also provides mortgage financing for commercial properties on a selective basis.
Equitable Trust's principal business is in providing residential first mortgage financing. In addition, Equitable Trust also provides first mortgage financing on a variety of commercial (non-residential) properties.
Equitable Trust is a federally regulated financial institution and is authorized to accept deposits from the public. Equitable Trust accepts deposits by issuing Guaranteed Investment Certificates (“GICs”) and pays interest on deposits held.
Equitable Trust funds Canadian Mortgage Housing Corporation ("CMHC") insured mortgages originated through our brokerage partnerships across Canada and securitize these mortgages under a national program (the "CMHC-MBS Program") approved under the National Housing Act (the "NHA").
Equitable Trust is a federally regulated financial institution that has been incorporated since 1970.
SIT, formed in 1988, develops and markets Portfolio Plus, an extensible banking system that enables customers to plug-in new functionality as required. This is accomplished via SIT's unique Plug-In BankingTM architecture and a Financial Services BusTM that extends Portfolio Plus functionality to other corporate applications. SIT's banking software enables credit unions, banks, trust companies and building societies to offer web banking, loans, loan securitization, investments, term deposits, wealth management, retail, ATM/POS switch interfaces for debit cards, leasing, and credit bureau interfaces. Portfolio Plus can also be tailored, on request, to meet specific customer requirements.
SIT can be reached at (http://www.stratinfotech.com) or by phone at 905-640-0808.
Portfolio Plus, Plug-In Banking and Financial Services Bus are trademarks or registered trademarks of SIT in the U.S., Canada and other countries. Any other trademarks or service marks contained herein are the property of their respective owners.
For more information:
Strategic Information Technology
Telephone: 905-640-0808 x356
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This page was created or refreshed on November 10, 2017 @ 13:55:47
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
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