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Note: STORM Networks is planning to launch an online application service designed to improve settlement time and efficiency.
STORM Networks is planning to launch an online application service designed to improve settlement time and efficiency. The STORM Loan Marketplace, scheduled for launch in the first half of 2009, will use real-time agent bank data. It is developed for use in the U.S., London and other global markets and was built in association with Bank of America, Credit Suisse and Morgan Stanley, which are all partial owners of the platform.
Jay Katz, managing director at STORM Networks, explained...