eLynx Makes List of Top Service Providers for Fifth Year

Continued innovation keeps firm on exclusive list since the rankings’ debut.

August 2, 2011

CINCINNATI – August 2, 2011 – eLynx, a portfolio company of American Capital (NASDAQ: ACAS), today announced that it has once again been recognized as a Top 50 Service Provider by Mortgage Technology magazine. This is the fifth year the company has appeared on the list of the industry’s most important technology service providers.

“We’re proud to again be on this list of key industry participants in the mortgage ecosystem,” said Sharon Matthews, President and CEO of eLynx. “Mortgage Technology magazine is a respected publication and we are pleased to be recognized for the value eLynx has consistently provided to our customers and partners.”

The editors recognized eLynx for advancements made to its electronic closing network (eCN), a suite of modules with built-in compliance, that give lenders transparency and control of the closing workflow while significantly reducing the risk of loss due to settlement agent fraud.  eCN incorporates the nation’s largest settlement agent management system.

Innovations delivered in the last year include the addition of a new module to  enable online, collaborative review of the HUD and GFE for lenders and settlement agents. The new functionality was introduced to reduce RESPA-related errors and penalties. Other eCN innovations detect and deter escrow and multi-lien fraud schemes.   

The Mortgage Technology list, published annually in July, recognizes technology service providers that excel in four categories: continued advancement of technology and services, viable revenue model and value proposition to customers, exceptional customer service, and a unique impact on the mortgage industry. It emphasizes the service providers’ accomplishments from the past year. eLynx’s inclusion on the list for five years running attests to the company’s ongoing commitment to continually improve the breadth and quality of services offered to the mortgage industry.

 

About eLynx

eLynx, a portfolio company of American Capital (NASDAQ: ACAS), provides the most widely used network for data-centric document collaboration, distribution, and connectivity services for the financial services and real estate industries. 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. The company has built the largest and most comprehensive U.S. real estate settlement agent database and is a recognized leader in electronic closing services. eLynx serves more than 4,000 clients of all sizes worldwide, including 25 of the top 50 U.S. banks and has processed over 50 million loans. More than 4 million users utilize eLynx's enterprise document output solutions. The company was founded in 1994 with headquarters in Cincinnati and offices in Portland, Oregon. It maintains redundant data centers in Beaverton, Oregon, and Cincinnati, Ohio. For more information, visit www.elynx.com.
 

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Company Contact:
Robert Nilsson
Vice President of Marketing and Market Development, eLynx
rnilsson@elynx.com


Media Contact:
Rick Grant
800-979-9049
570-497-1026 (cell)
rick@rickgrant.net

 

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