Company Overview
Enterprises use eLynx to capture and maintain data electronically throughout the document life cycle, automating paper-intensive processes, improving workflow, reducing costs and ensuring compliance with industry regulations.
More than 600 of the nation’s top financial institutions, including 17 of the top 20 in the U.S., rely on eLynx to communicate with customers and collaborate with business partners quickly, securely and reliably. In addition to its leading role in mortgage banking solutions, eLynx expanded its solutions in 2006 to answer the needs of the insurance market. The company began offering its suite of on-demand electronic document communication services including e-signature web services to the insurance industry to reduce cycle times while improving workflow, compliance and quality assurance. With the 2006 acquisition of SwiftView, a leading provider that helps enterprises worldwide capture, view, deliver and print electronic documents, the company’s client roster and reputation continue to grow.
The combination of eLynx and SwiftView brings the most powerful e-services network, expedite, to a level and scope not previously seen in the financial services and insurance industries. The integration of SwiftView’s Viewer Tools, SwiftSend, eLoanFolder, and Investor Delivery services with eLynx’s eDisclosures, uSign, eLynxWPS, simpliFAX and TOTALePAPER seamlessly bridges the gap between hard-copy and digital formats. With the eLynx Total Fulfillment solution, companies can enjoy the benefits of e-processing while still servicing paper requests. eLynx’s customers simply transmit file data electronically to the eLynx fulfillment center, where it is fulfilled in either print or electronic delivery as indicated. This completely eliminates the time, resources and operational burdens of document delivery for eLynx clients.
Today, more than 100 insurance carriers already use SwiftView’s Viewer Tools for document security, viewing, extraction and distribution capabilities, including Aeon Insurance, AIG Annuity, AON Enterprises, Chubb Group, John Hancock Financial Services and Nationwide. These companies also have immediate access to eLynx’s world-class expedite services.
eLynx is a portfolio company (publicly traded alternative asset manager) of S&P 500 member American Capital Strategies Ltd. (NASDAQ: ACAS) which holds capital resources in excess of $12 billion. eLynx is headquartered in Cincinnati with additional operations, support and R&D staff in Portland, Ore.
eLynx Company History
Initially known as MigraLynx Systems, Inc., the company was founded in 1994 to fill the increasing demand for both cost-effective and secure digital transmissions of documents and information. In the late 90’s, MigraLynx pioneered a Web-based electronic document delivery service and in 1999, MigraLynx became eLynx and the eLynx Web Posting Service (WPS) was launched. WPS utilizes the speed and ease of the Internet to deliver data and documents securely and instantaneously while dramatically reducing costs in comparison to traditional overnight delivery methods.
In 1998, eLynx opened their first highly secure and world-class Tier I Data Center in Chicago to meet the need for optimum redundancy, failover and disaster recovery. In 2000, the eLynx offering supported full system integration by interfacing with any client document origination system to capture native document print-stream ensuring original, unalterable documents at delivery.
In 2003, eLynx introduced its acclaimed product, uSign™, the first service to provide borrowers with the ability to review and approve loan documents electronically – transforming the possibilities of electronic signature approval into a reality for the financial industry. The company enhanced its offerings even further in 2005, with the addition of a state-of-the-art print and mail center that is integrated with electronic delivery and electronic signature fulfillment services.
The year 2006 was particularly significant. The demand for eLynx services led the company to expand into the insurance industry and other vertical markets. To facilitate this growth, the company opened a new state-of-the-art headquarters featuring a cutting-edge Network Operations Center as well as call center, quality assurance and technical support teams. The new headquarters also houses the company’s Total Fulfillment Center.
In September 2006, eLynx acquired SwiftView, a leading provider that helps enterprises worldwide capture, view, deliver and print electronic documents. The combined company offers a powerful portfolio of products and services to serve the needs of the total marketplace including Tier I, II and III lenders and more than 300,000 settlement agents. In addition, the combined company offers an unprecedented level of market expertise and technical expertise that will rapidly advance e-business innovation and set a new standard.
In 2007, eLynx completed its merger with the secure electronic document communications management firm SwiftView and continued its expansion into the insurance and healthcare industries. More importantly, eLynx solidified strategic management appointments. In fact, it is the performance of portfolio companies like eLynx that drove Standard & Poor’s to add parent company American Capital Strategies to the S&P 500.