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eLynx and Harland Financial Solutions Integrate Document Technologies and Services — Strategic Interface Brings expedite™ Electronic Mortgage Services to GreatDocs™ Users
October 24, 2007
CINCINNATI – October 24, 2007 – eLynx, a portfolio company of S&P 500 member American Capital Strategies Ltd. (NASDAQ: ACAS), and provider of the most pervasive and widely used secure electronic document communications network for the financial services industry, today announced a new agreement to interface its mortgage document technology solutions with those of Harland Financial Solutions. Through this agreement, users of Harland Financial Solutions’ GreatDocs™ print technology and compliant mortgage documents will now have access to expedite™ - eLynx’s wide ranging suite of electronic mortgage services.
The agreement between eLynx and Harland Financial Solutions is based on leveraging existing GreatDocs technology and loan origination system (LOS) integrations to generate eLynx-compatible transactions. GreatDocs users now have access to all of eLynx’s widely used expedite suite of services for eSignatures, eDelivery and electronic workflow and collaboration, allowing them to streamline operations and achieve incremental adoption of eMortgage-enabling workflow components.
“GreatDocs users understand the increased efficiency and cost savings which come from employing electronic mortgage documents,” explains Sharon Matthews, president and CEO of eLynx. “Now, by taking advantage of all eLynx has to offer, they’ll be able to elevate that initiative to the next level, seamlessly incorporating these documents into electronic workflows. Our expedite suite of services allows them to initiate electronic disclosures and incorporate electronic signatures across the board, while enabling efficient electronic delivery of loan documents to borrowers, partners and investors.”
GreatDocs provides electronic access to more than 3,000 mortgage documents that comply with state and federal regulations and secondary market requirements. The GreatDocs library includes standard conventional and government documents for origination, processing and closing, plus state-specific disclosures and standard HELOC documents. Used by more than 600 financial institutions, GreatDocs offers full integration to industry-leading loan origination systems. By way of the new interface, all of these documents will now be compatible with eLynx’s suite of services, allowing GreatDocs customers to easily and seamlessly incorporate electronic processes into their operations.
About eLynx
eLynx, a portfolio company of S&P 500 member American Capital Strategies Ltd. (NASDAQ: ACAS), provides the most widely used network for electronic document communications services for the financial services industry. 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. eLynx serves more than 600 financial institutions including 17 of the top 20 mortgage lenders and more than 100 insurance carriers in the United States. eLynx enables more than 65 percent of the nation’s mortgage closings. In addition, more than 4,000 enterprises worldwide with more than 4 million users in a broad spectrum of industries use eLynx's print management solutions. The company, founded in 1994, operates nationally with headquarters in Cincinnati, Ohio and offices in Portland, Oregon along with data centers throughout the United States. For more information visit www.elynx.com
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CONTACT:
Robert Nilsson
Vice President of Marketing and Market Development
eLynx rnilsson@elynx.com
Beverly Bartley
Martopia
Media Contact for eLynx
bbartley@martopia.com