New eLynx Upgrade to Assist With LQI Compliance

eLynx, a portfolio company of American Capital, has announced that a new version of its Expedite platform has been deployed as part of the company’s cloud-based network for data-centric document collaboration, distribution and connectivity services. “We strive to stay at the forefront of our customers’ needs,” said Sharon Matthews, president and chief executive officer of eLynx. “In the current troubled housing environment, streamlining processing while ensuring that all parties have flexibility and the necessary information is essential. These next-generation capabilities greatly increase the opportunity for our customers to realize the benefits of an electronic mortgage with eLynx, while allowing them to enter the process at any point in the loan life cycle.” The latest version of Expedite offers: ►ULDD-compliant investor delivery: Adheres to the Uniform Loan Delivery Dataset (ULDD)required by Fannie Mae and Freddie Mac as part of their loan quality initiative (LQI). eLynx will accept loan data from lenders and produce compliant XML files which can be electronically sent to the GSEs during loan delivery. ►Enhanced document delivery services for business partners: Allows loan officers to assemble and manage loan documents from different sources in a centralized location prior to distribution. ►A new on-demand electronic signature capability: Streamlines mortgage lending processes for lenders. This signature mapping service will enable lenders to embed electronic signature blocks in virtually any document at any time in the processing workflow.