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eLynx Readies Lenders For E-Mortgages
Video newscast by Anthony Garritano, Editor of Mortgage Technology Magazine, on efficiency and electronic mortgage.
Read articleWho Says E-Mortgage Momentum Is Slowing?
E-mortgage adoption isn’t slowing. To the contrary, over 35,000 e-notes are now registered on MERS. Compared to the 500 that were on MERS under a year ago, that’s a big increase. In total, 80% of 5 respondents don’t think anything, not even the GSE seizure will hamper future adoption.
And at the MBA Annual another vendor has entered the e-mortgage fray, adding yet another choice for lenders looking hard at e-mortgages as both an efficiency gainer and cost saver. Electronic collaboration vendor eLynx here touts that flexibility is key in adopting e-mortgages and has completed key partnerships with Stewart, LandAmerica and Fannie Mae to allow lenders to enter the e-mortgage space on their own terms.
Read articleStewart partners with eLynx
Stewart Title Co. entered into a strategic partnership and agreement with eLynx to integrate its eClosingRoom electronic closing technology with eLynx's document collaboration and distribution network. The integration of these two technology platforms provides eLynx customers and Stewart Title's closing agencies, with the electronic ability to communicate with all parties and close their mortgage transactions.
Read articleHow Mortgage Companies Can Make Technology Work For Them
by Sharon Matthews, President and CEO, eLynx
In a market environment characterized by volatility and contraction, mortgage companies are doing everything in their power to remain profitable by cutting costs and increasing efficiency. Indeed, even in the best of times, doing so can significantly improve an organization’s competitive edge. In a trying market, it can mean the difference between an organization’s ability to merely survive or to succeed and thrive.
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Watermarking capability helps meet RESPA compliance
Through eLynx’s platform, documents are watermarked at the time of processing and an electronic copy is automatically routed to the lender's imaging system for record retention. (9/15/2008)
eLynx, a provider of secure electronic document collaboration and distribution products, debuted a new watermarking capability for its paper delivery customers of its expedite platform. The new capability simplifies and improves compliance with the Real Estate Settlement Procedures Act disclosure requirements for the mortgage industry, the company said in a release.
Read articleeLynx Introduces Enhanced Audit Trail for Paper Doc Delivery
eLynx has introduced a new watermarking capability for the paper delivery customers of its expedite platform. These new capabilities simplify and improve compliance with the Real Estate Settlement Procedures Act (RESPA) disclosure requirements for the mortgage industry.
Offering Up An E-Approach
Mortgage Technology cover story:
eLynx president and CEO Sharon Matthews discusses how a networked approach can help lenders adopt full and hybrid e-mortgage practices.
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eLynx named as one of the Top 50 Vendors
Mortgage Technology names eLynx as one of 2008 Top 50 mortgage technology providers.
Four major criteria for inclusion of eligible vendors and service providers are customer satisfaction, functionality, market share and viable revenue model.
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Wells Fargo Correspondent Lenders Gain Access to eLynx Tech
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.
Read articleOnline Docs Lay Track for Mortgage Fraud Prevention
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.
eLynx Delivers Loan Modification Service
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.
Read articleeLynx's uSign Expands Lender Control of Signature Processes
eLynx, Cincinnati, a portfolio company of American Capital Strategies Ltd., announced the next generation of its electronic signature services. Part of the eLynx Expedite platform, the latest release of uSign enhances multiple capabilities including greater control and visibility of documents, a seamless consumer experience and richer enterprise branding.
Read articleeLynx Launches New Version of uSign
eLynx, a portfolio company of American Capital Strategies Ltd., has introduced the next generation of uSign, its electronic signature services. Part of the eLynx expedite platform, the latest release of uSign enhances multiple capabilities including greater control and visibility of documents, a seamless consumer experience and richer enterprise branding, according to eLynx.
Read articleeLynx Releases New SwiftPublish Document Capture Application
eLynx, Cincinnati, a provider of electronic document communications network for the financial services industry, released its SwiftPublish document capture application. Part of the SwiftView Tools suite of products, SwiftPublish standardizes document capturing, viewing, printing and converting. The application could serve as a front-end to the eLynx expedite document distribution platform.
Read articleThe Value of Going E
Sharon Matthews, president and CEO, eLynx, comments on lenders transitioning to a data-driven environment. "The electronic environment will lower the cost of the loan internally and lenders can pass that on to the customer. The advantage of going with a total fulfillment approach is that the lender doesn’t have to make the decision right away. This gives the lender some comfort because they can keep the paper and migrate to an electronic solution gradually."
Read articleAnnuities Carriers Cooperate On NAVA STP Initiative To Improve Service Levels
Even as the annuities market continues to grow, opportunities are missed because the new-business process is markedly more difficult than it is for mutual funds and other financial products, according to Robert Nilsson, VP of marketing and market development at eLynx, a Cincinnati-based electronic document and data delivery service provider involved with the NAVA STP initiative. "Seventy-six million [baby-boomers] are potential consumers of these products," he says. "Paper-based products are not going to be able to fulfill this business need."
Read articleeLynx Integrates E-Business Suite With NAVA STP Initiative
eLynx, a provider of document communications network for the financial services industry, announced the integration of its Expedite suite of on-demand e-business services with the NAVA Straight-Through Processing initiative for the life and annuities insurance industry. Expedite integrates electronic delivery and fax service, electronic collaboration folders, and the uSign electronic signature service within a single platform.
Read articleeLynx, Harland Financial Integrate Document Technology, Services
Cincinnati-based eLynx, a provider of electronic document communications network for the financial services industry, announced an agreement to interface its mortgage document technology products and services with those of Harland Financial Solutions, Lake Mary, Fla.
Top 50 Vendors
eLynx listed as one of this year's best and brightest mortgage technology providers based on four major criteria for inclusion including customer satisfaction, functionality, market share, and viable revenue model.
Incremental E-Mortgage is Key to Market Survival
By Sharon Matthews, President and CEO, eLynx
There's no shortage of anxiety in the mortgage industry today. The marketplace is changing rapidly and drastically in many areas, as are the demands facing lenders, vendors and anyone else involved in the business. In their attempts to address the current sense of crisis, many are shifting their efforts away from long-term goals such as the e-mortgage and focusing instead on immediate, day-to-day survival.
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eLynx Introduces Unified e-Business Platform
eLynx, Cincinnati, a portfolio company of S&P 500 member American Capital Strategies Ltd., and provider of electronic document communications networks for the financial services industry, announced integration of its electronic services into expedite, a unified e-business platform.
Under expedite, users gain access to eLynx's electronic document services, including electronic document management, secure delivery, integrated electronic faxing and print-on-demand components and electronic folders. Adaptable to the specifics of a variety of scenarios, expedite can be deployed swiftly to accelerate many different business processes.
Read articleeLynx Adds Wells Fargo Funding to Investor Delivery Network
eLynx, Cincinnati, a provider of electronic document communications network for the financial services industry, extended its document communications network to include Wells Fargo Funding. More than 500 eLynx lender clients can deliver closed loans to Wells Fargo electronically.
Enlisted as part of the SwiftSend Investor Delivery service, Wells Fargo allows lenders to securely package and electronically submit loans, formatted to individual institution specifications.
Read articleeLynx Streamlines Electronic Signature Processes for Insurers
eLynx announced its Web-based electronic signature service, uSign, has been enhanced for insurance carriers. Allianz Income Management Services (AIMS) used the eLynx electronic process to reduce turn time for agent consent. By implementing an electronic prcess for appointed agents of the income annuity product, AIMS reduced cycle time and costs.
Read articleeLynx’s uSign Configured for Insurance Carriers
eLynx, Cincinnati, a portfolio company of American Capital Strategies Ltd., announced that its Web-based electronic signature service, uSign, has been enhanced specifically for insurance carriers.
uSign is also being used by carriers issuing memorandums of insurance to customers, enabling the applicant to electronically verify their application data via the Internet.
eLynx also announced that the SwiftView Tools division of eLynx released a new version of its SwiftView Tools services. The version supports PDF/A, Vista and IE7, and adds features designed to improve the product line's viewing, printing and conversion capabilities.
Read articleeLynx Tool Benefits Insurance Industry
Cincinnati, Ohio-based eLynx says its uSign electronic signature service is now helping the insurance industry implement “an electronic process” that allows them to communicate and verify application data electronically.
Partners to Deliver Secure Vaulting
As a means of simultaneously enhancing its e-mortgage offering and delivering secure paperless vaulting, eLynx, a Cincinnati-based portfolio company of American Capital Strategies Ltd. and secure electronic document communications network provider for the financial services industry, has partnered with eOriginal to deliver electronic vaulting services.
Read articleThe evolution of a loan doc imaging strategy
Although many companies begin imaging on the back end, Action Mortgage, a subsidiary of Sterling Savings Bank, wanted to work with electronic documents from the very beginning of the loan process.
Melanie Whalen, the lender’s information systems manager, describes using eLynx SwiftSend services in its imaging technology strategy.
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Business Intelligence, Flexibility Grow in Virtual World
Lenders continue to look for flexibility in business intelligence to gain competitive advantages.
No Paper Trail: Startup insurer AIMS to operate in a totally virtual environment.
eLynx named as the vendor of choice for providing electronic signature technology for agent consent.
Read articleeLynx Partners with eOriginal to Deliver Electronic Vaulting Services
eLynx has partnered with eOriginal to deliver electronic vaulting services in eLynx's Hybrid eMortgage service.
Read articleSecuring Sensitive Communications
Resource, March 2007
LOMA
Securing Sensitive Communications: Why fax and email may leave you vulnerable.
As an industry expert, eLynx comments on the importance of security for the insurance industry.
Acquisitions, Partnerships, 'Tall Trees' Boost eLynx Growth
As Cincinnati-based eLynx enters 2007, the company is looking back to what it calls a "milestone year" and looking forward to further upgrades and expansion.
eLynx Deploys Paperless Service for Countrywide, CitiMortgage
SwiftSend Investor Delivery, from eLynx, is now delivering loans to major investors. MBA NewsLink reports.
eLynx Partners with Goodmail Systems
eLynx Ltd., Cincinnati, a portfolio company of American Capital Strategies Ltd., and a provider of Web services for lenders and insurance companies, and Goodmail Systems Inc., Mountain View, Calif., announced a partnership to automatically include CertifiedEmail functionality in the eLynx e-services platform including electronic document delivery, electronic signature and integrated paper fulfillment.
What Happens Next with eLynx and SwiftView?
While many news outlets are covering the eLynx/SwiftView acquisition, few if any are talking about what happens next. Mortgage Technology Magazine's Anthony Garritano reports.
eLynx Acquires SwiftView
eLynx Ltd., Cincinnati, a provider of secure Web services, announced yesterday that it had acquired SwiftView Inc., Portland, Ore., a provider of electronic document processes.
Read articleTotal Fulfillment Solutions: Flexibility Provides Benefits for Lenders and their Customers
The mortgage industry has clearly documented the efficiency and monetary gains of moving from paper to electronic document delivery. Lenders have maximized ROI on technology investments that save 40-60 percent over managing processes on paper. While progressive lenders may be willing to embrace e-delivery, they must still support consumers who insist on traditional paper, which creates an expensive new logistical offshoot in the process.
Forward-looking business leaders should be moving to a total fulfillment solution, incorporating electronic delivery and eSignatures wherever possible, while continuing to support paper based delivery as needed.
Read articleBusinesses Like Alternative to Buying, Installing Software
Wherever people talk about business technology, Software as a Service (SaaS) is on their lips, and for good reason.
In a market where hype often overtakes real-world benefit, SaaS is revolutionizing the way business does business. Expanding capabilities without inflating budgets, SaaS is a disruptive force to the software industry for three simple reasons: affordability, economies of scale and ease of implementation.
Read articleSecure Content Delivery: Ensure a Safe Journey for your Data
Data is the coin of the realm in today’s world, so keeping it secure is job No. 1. Unfortunately, traditional methods for transmitting digital data, such as FTP, VPN, secure email, and secure file transfer are not sufficiently airtight to securely protect data during transmission.
In today’s highly regulated environment, losing confidential or sensitive digital information could have serious consequences for an organization. So it’s imperative that businesses choose data transmission technologies that are highly secure and adequately protect the data transmitted from unauthorized access. A number of technologies on the market today can provide that extra level of protection. Let’s take a look.
Technology Spotlight
MBA Newslink's Michael Murray interviews eLynx President & CEO Phil Huff about the outlook for the future of e-signatures in mortgage banking. Read the article.
Read articleMortgage E-SIGN Adoption Still Low After Five Years
More than five years after the Electronic Signatures In Global and National Commerce Act (E-SIGN Act) went into effect, counties are adopting e-recordings and pieces of the e-mortgage puzzle are starting to come together, but e-signatures are far from a household word at the mortgage closing tables.
Read articleWeb-based System Takes Paper Out of Paperwork
Sharonville-based eLynx has removed more than 1 billion pages of mortgage documentation from circulation since it launched its Web-based paperless delivery service in 1999.
Now, it calls 14 of the nation's top 20 mortgage banking companies its clients, including Wells Fargo, National City and GMAC Mortgage's ditech.com. One in three mortgage transactions nationwide is processed using this local technology firm.
Read articleGoing Paperless Should Only Be A First Step
In total 69% of 45 respondents see going paperless as a goal of most lenders. This is a good first step and prepares the industry to view e-mortgages more as a natural extension and not a scary proposition. In the end, if lenders don't get onboard they'll be left behind and won't be able to compete in the coming electronic world.
Ditech Goes Hi-tech
GMAC’s e-mortgage roll continues.
Ditech.com, a business unit of GMAC Mortgage, has chosen eLynx to power its eWelcome program. eWelcome lets borrowers receive, review and approve documents over the Web. The initiative should move Ditech.com consumers closer to a paperless loan experience, the company said.
Read the article from Real Estate Technology News.
(Note: RETN subscription required to view article)
ditech.com Enhances Paperless Mortgage Experience for Consumers; eWelcome Provides Speed and Convenience to Mortgage Application Process
COSTA MESA, Calif.--(BUSINESS WIRE)--May 31, 2006--Mortgage consumers are now another step closer to a completely paperless mortgage experience with new enhancements offered by ditech.com, a leading direct mortgage lender. With its eWelcome service, mortgage consumers throughout the United States can securely review, verify and approve mortgage documents via the Internet right up to closing - all from the comfort of their home or office. These enhancements move ditech.com consumers closer to a completely paperless mortgage experience.
eLynx Participates in ACORD/LOMA Press Event
eLynx, Ltd. was selected for inclusion in the 2006 Insurance Systems Forum Press Event, held Monday, May 22 in Las Vegas.
Read articleHUD-1 CHECK Connects Lenders to Closing
When Phil Huff, president and CEO of eLynx, Cincinnati, Ohio, listened to customers at the company's user client conference last year, he discovered an industry disgruntled with consistent mistakes at the closing table.
Michael Murray from MBA Tech Newslink finds out how eLynx is solving this industry problem.
Read articleHow Far Along is the E-Mortgage?
The endgame is of course a complete electronic mortgage. However, how far along is the industry? With volume shrinking and technology spending increasing, will e-mortgage adoption speed up? And what are the existing barriers that still have to be overcome?
eLynx VP of Sales, Michael Pelfrey participates in an informative roundtable discussion.
Read articleThe E-Closing Conundrum
eLynx President & CEO Phil Huff talks about the feasability of an eClosing. Find out what he has to say in Mortgage Technology's Newsletter.
eSignature: Enabling Virtual Closing
"From overseas at three in the morning, I was able to log on to the website and access my mortgage documents. I read them and was presented with a button to click to indicate my electronic signatures." Mortgage Technology magazine reporter Mary Dum analyzes the real-world application of eLynx' uSign product.
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The Paperless Mortgage Rounds Second, Heads Home
eLynx President Phil Huff talks with Mortgage Technology magazine about the state of the eMortgage.
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Getting Out The Docs
To be a leading home equity lender in a refi boom environment requires flexibility. National City Home Equity knew it needed that flexibility. So it called on eLynx WPS.
Rick Grant profiles National City Home Equity's adoption of eLynx' flagship product.
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