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eLynx Continues Commitment to the Portland Area and Expands Office to Support New Print Center—New facility accommodates growth in electronic appraisals and disclosures with integrated print and mail fulfillment services
September 01, 2009
CINCINNATI – September 1, 2009 – eLynx, a portfolio company of American Capital (NASDAQ: ACAS) and provider of the most widely used secure electronic document collaboration and distribution network for the financial services industry, today announced that it has expanded its West Coast office in Portland, Ore., and added a second print/mail fulfillment center to support the continued growth in its business. To accommodate the new print center and maintain the investment in the specialized local staff, eLynx has moved into a larger space in Beaverton, Ore.
eLynx has had a presence in the Portland area since 2006 when it acquired SwiftView, a firm that has been a part of the Portland community since 1985. It was important to the company to continue that tradition and stay in the area.
“We are well satisfied with the business environment here and know that our continued investment in the Portland metro area will serve our customers and business well,” said Sharon Matthews, eLynx president and CEO. “As we continue to grow, this new facility offers us many advantages.”
For more than three years, eLynx has offered electronic disclosures with automatic print and mail backup for guaranteed delivery compliance. As lenders have embraced electronic document delivery, electronic consent and signature, and have moved closer to the eMortgage, the eLynx print center has been a key component of the company’s offerings.
eLynx is well ahead of the rest of the market in an area of service that competitors are just beginning to offer. With this move, eLynx now has duplicate systems in place that allow it to remain fully operational under almost any circumstances.
“Lenders have fully embraced electronic document distribution and collaboration,” said Matthews. “The growth in our business is a testament to that. With the new print center on the West Coast, we have redundancy, expanded operations, technical experts and three additional hours each day to serve our customers effectively.”
The new facility is located at 9205 SW Gemini Drive in Beaverton, Ore., close to the company’s existing primary data center. The company’s redundant data center is located in Chicago. eLynx already has a primary print center in its headquarters in Cincinnati, Ohio.
About eLynx
eLynx provides the most widely used network for paperless document collaboration and distribution services in the financial services industry. More than 600 U.S. banks – including seven of the top 10 mortgage lenders – rely on eLynx’s on-demand, Web-based services for secure electronic processing, and eLynx enables more than 65% of the nation’s mortgage closings. eLynx also provides a suite of software tools that helps companies view, capture, convert and print documents more efficiently. More than 4,000 enterprises worldwide with more than 4 million users in a broad spectrum of industries use these tools to streamline their operations. Founded in 1994, eLynx is a portfolio company of American Capital (NASDAQ: ACAS). It operates nationally with headquarters in Cincinnati, Ohio, offices in Beaverton, Ore., and redundant data centers in Beaverton, Ore. and Chicago, Ill. For more information visit www.elynx.com. # # #