Ernst Publishing Receives Patent for New System

A widely relied upon source of technology and closing cost data in the mortgage industry for 24 years, Albany, New York-based ""Ernst Publishing Company"":http://www.ernst.cc/ announced Monday it received a new patent for its latest system.

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Ernst's new system, which it calls, ""System and Method for Generating and Tracking Field Values of Mortgage Forms,"" is a new way for industry participants to keep track of fees and calculate taxes. The new system is part of Ernst's Smart Query product suite.

""We expect this patent will provide a high level of confidence to our clients, ensuring them that the technology they rely on for guaranteed accurate pricing is truly an Ernst innovation,"" said Gregory E. Teal, president and CEO of Ernst.

While the company intends to ""vigorously defend"" its ideas and products, Teal said he is also open to working with other firms across the industry.

Ernst's longstanding technology tools for providing closing costs and fees help users comply with GFE and HUD-1.

""We're very proud of our technology and all of the intellectual property we have developed over our 24 years in this business,"" Teal said.