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IRVINE, Calif. — By his own admission, Rick Triola has kept his company Settleware Secure Services in what he describes as “stealth mode” for the last seven years. But in late September, the company officially debuted among credit unions at the Credit Union Real Estate Network conference, and now the electronic mortgage solutions developer has taken the wraps off its electronic mortgage solutions that Triola says put CUs on a competitive level playing field with other mortgage lenders.

Triola, president/CEO and founder of the privately-owned Settleware, had been involved with the real estate business for about 25 years working on both the broker and settlement sides, when he took a step back, took in all the paperwork that was involved in the process and realized the competitive advantage that could be gained if the process could be streamlined into an electronic transaction.

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