
eLynx, a portfolio company of American Capital Strategies Ltd. and provider of a secure electronic document communications network for the financial services industry, says that Wells Fargo Funding has approved eLynx's uSign and SwiftSign electronic signature services for use by all of its correspondent lenders.
Correspondents will now be able to choose uSign and SwiftSign to incorporate eSign capabilities into their lending operations. ELynx notes that it is among the first vendors to be approved by Wells Fargo Funding.
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Tracking documentation—inside and outside the mortgage industry—becomes more important with estimated future losses in the billions of dollars from mortgage fraud against lenders.
Sharon Matthews, CEO of eLynx, Cincinnati, Ohio, said the nature of online documentation provides mortgage fraud prevention because it tracks mortgage documentation from origination to closing.
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eLynx, Cincinnati, a portfolio company of American Capital Strategies Ltd., announced availability of a new on-demand loan modification service, which allows the loan modification process to be completed securely over the Internet in minutes.
The product combines electronic distribution and signatures with an on-demand archiving option. An integrated paper fulfillment option is available for borrowers who prefer paper at any time in the process.
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> Pulaski Bank Reaps Substantial Benefits Via e-Delivery with SwiftSend Investor Delivery
> eLynx Significantly Reduces Cycle Times for Mortgage Strategies Group
> Insurance Industry Brief: Six Considerations When Implementing e-Business Solutions
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Robert Nilsson
Vice President, Marketing and New Market Development
513-612-5942
rnilsson@elynx.com
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