eLynx, a portfolio company of American Capital, has announced that it will partner with Compliance Systems Inc. (CSi), to integrate CSi’s IntelleDoc Solutions, an intelligence-driven solution for compliance documentation, into its electronic closing network (eCN). Two hallmarks of the CSi IntelleDoc Solutions include its data-driven approach combined with a single data schema that supports all traditional lines of business including mortgage, consumer and commercial lending, allowing it to select and assemble the correct documents to perfect the transaction in any jurisdiction. The integration of IntelleDoc services with eCN provides eLynx customers with alternative options for document creation supporting the loan life-cycle.
“Lenders understand the need to be fully compliant, but they are also seeking flexible solutions that will facilitate their continued growth,” said Sharon Matthews, president and chief executive officer of eLynx. “We are proud to bring CSi’s products to eLynx’s customers in a way that preserves their end-to-end electronic capabilities while supporting their existing workflows.”
eLynx’s eCN solution has become an industry-recognized electronic closing platform, with more than one million loans being processed through the system annually and approximately 100,000 settlement agents registered in eLynx’s nationwide settlement agent database to close loans. eCN significantly eases reconciliation between the data and documents used in the loan closing process by providing secure connections between mortgage professionals and settlement systems.
“eLynx’s eCN is the network more mortgage lenders are relying on to close loans," said Roger Gudobba, chief strategy officer of CSi. “IntelleDocs Solutions provide lenders data-driven documents to be processed by eLynx’s eCN solution and allows them to close each loan in full compliance with the latest regulations and investor requirements.”