successes
National City Home Equity Significantly Improves Bottom Line
Who:
National City Home Equity
When:
Customer since August 2002National City Home Equity, from a strategic perspective, needed an electronic document delivery solution that would meet their commitments to be a reliable, flexible and expedient resource for their customers.
The Solution:
National City Home Equity implemented eLynx’ WPS August 2002.eLynx WPS fully integrates with any document origination application and fully automates the process of posting documents for secure delivery via the Web, utilizing the eLynx Network Server (NS) as a virtual firewall between the user’s network and the Internet.
The Results:
Today, National City is using eLynx HUD-1 Check to improve their bottom line and eliminate errors associated with HUD documents. Ninety-seven percent (approximately 500,000 pages annually) of all National City Home Equity’s closing packages are delivered through eLynx. About National City
National City Corporation (NYSE: NCC), headquartered in Cleveland, Ohio, is one of the nation's largest financial holding companies. The company operates through an extensive banking network primarily in Ohio, Indiana, Illinois, Kentucky, Michigan, Missouri and Pennsylvania, and also serves customers in selected markets nationally. Its core businesses include commercial and retail banking, consumer finance, asset management and mortgage financing and servicing. For more information about National City, visit the company's Web site at www.nationalcity.com.
About eLynx
Cincinnati-based eLynx, Ltd. Is a leading provider of secure electronic information management solutions and services for the financial industry. The company delivers soft-paperä technology that transforms costly paper-intensive processes into secure electronic solutions that save time and money. eLynx provides effective and customized solutions to deliver streamlined processes that fully integrate with a company’s existing business systems. In 2003 it introduced the now acclaimed uSign™, the first service to provide borrowers with the ability to review and approve loan documents electronically. Today, eLynx customers include 14 of the nation’s top twenty lenders and account for more than 35 percent of all mortgage transactions. Last year, the company electronically processed nearly 25 million secure transactions.