eLynx and eSignSystems Partner on eVault Technology

eLynx, a portfolio company of American Capital, has announced the company’s partnership with eSignSystems to make the firm’s SmartSAFE eVaulting software available as part of the company’s electronic closing network (eCN). The SmartSAFE Bundle offers a complete solution to store, access, and manage legally binding electronic mortgages. The addition of eVault services to eCN, gives eLynx customers electronic options for all stages in the life-cycle of a loan. “Lenders understand the value of an end-to-end electronic mortgage workflow but want to avoid the high risk of disrupting their established systems and processes,” said Sharon Matthews, president and chief executive officer of eLynx. “eLynx’s customers can now easily and seamlessly extend their existing loan fulfillment to include eVaulting services.” “eVault services allow lenders to improve efficiency and transparency of mortgages by reducing funding times and improving loan quality through an electronic workflow,” said Kelly Purcell, executive vice president of marketing and sales for Wave’s eSignSystems division. “SmartSAFE builds on the strong compliance foundation already built into eCN with additional audit logs and controls required for eMortgage lending. We’re proud to be part of the eCN solution.” eLynx’s eCN solution has become an industry-recognized electronic closing platform, with more than one million loans being processed annually and approximately 100,000 settlement agents registered in eLynx’s nationwide settlement agent database to close loans.