Company
eLynx Partners with Compliance Systems to Extend eCN
eCN with IntelleDoc Solutions extends eLynx’s end-to-end electronic closing solution
October 5, 2011
CINCINNATI – October 5, 2011 – eLynx, a portfolio company of American Capital (NASDAQ: ACAS), announced today that it will partner with Compliance Systems, Inc. (CSi), to integrate CSi’s IntelleDoc SolutionsTM, an intelligence-driven solution for compliance documentation, into its electronic closing network (eCN). Two hallmarks of the CSi IntelleDoc Solutions include its data-driven approach combined with a single data schema that supports all traditional lines of business including mortgage, consumer and commercial lending, allowing it to select and assemble the correct documents to perfect the transaction in any jurisdiction. The integration of IntelleDoc services with eCN provides eLynx customers with alternative options for document creation supporting the loan life-cycle.
“Lenders understand the need to be fully compliant, but they are also seeking flexible solutions that will facilitate their continued growth,” said Sharon Matthews, president and CEO of eLynx. “We are proud to bring CSi’s products to eLynx’s customers in a way that preserves their end-to-end electronic capabilities while supporting their existing workflows.”
“In today’s financial environment, lenders want more intelligence built into the software they use and this partnership delivers it,”said Dennis Adama, president of CSi.
“eLynx’s eCN is the network more mortgage lenders are relying on to close loans,“ added Roger Gudobba, chief strategy officer of CSi. “IntelleDocs Solutions provide lenders data-driven documents to be processed by eLynx’s eCN solution and allows them to close each loan in full compliance with the latest regulations and investor requirements.”
eLynx’s eCN solution has become an industry-recognized electronic closing platform, with more than 1 million loans being processed through the system annually and approximately 100,000 settlement agents registered in eLynx’s nationwide settlement agent database to close loans. eCN significantly eases reconciliation between the data and documents used in the loan closing process by providing secure connections between mortgage professionals and settlement systems.
About Compliance Systems, Inc. (CSi)
Compliance Systems, Inc. (CSi) leads the market with new ideas in how to combine compliance logic and technology to more effectively document transactions in the financial industry. Its partnering philosophy to work as an extension of its business partners creates both a better user experience and competitive advantages. For over 25 years CSi has set the standard for industry best practices delivering real value to its partners and financial institution customers. For the fourth consecutive year, CSi has been recognized by Mortgage Technology magazine as one of the industry’s Top 50 Service Providers for 2010. The main criteria for the Top 50 Service Provider designation are: 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. CSi is headquartered in Grand Rapids, MI. 800-968-8522. www.compliancesystems.com. For more information, contact Roger Gudobba at 239-292-5225 or email rgudobba@compliancesystems.com.
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.
# # #
Company Contact:
Dewey Kelly
Director of Marketing and SwiftView Tools, eLynx
Media Contact:
Rick Grant
800-979-9049
570-497-1026 (cell)
Go to Top
