Oct. 6, 2008 - A new web-based mortgage loan processing and document management system is being billed as the industry's chance to get some positive press for a change; it gives mortgage companies a chance to save reams of paper.

ATLOS (Automated Tracking Loan Origination System) acts as a kind of online electronic storage facility, enabling mortgage companies to eliminate all paper files and save on the cost of storing hard copies, according to the product's maker.

The software package also includes a web-conferencing feature to help companies reduce greenhouse gas emissions and cut travel expenses to off-site meetings.

"This is one of the first truly green solutions specifically tailored for the paper-intensive mortgage industry," says its manufacturer. "With ATLOS, mortgage companies can communicate with anyone, directly using video, audio, chat, and desktop sharing."

Companies of all sizes are increasingly investing in green IT technologies to help reduce energy and cut costs. Many small businesses identify a paperless office as the green IT practice that offers the greatest cost savings, according to a recent Microsoft survey.

For more information on ATLOS, click here.