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Black Knight Financial Services (BKFS) has announced its acquisition of eLynx, a portfolio company of American Capital Ltd. eLynx solutions help automate paper-intensive processes, improve workflow, reduce costs and support compliance with industry regulations. Black Knight supports many of the nation's largest mortgage lenders and servicers with a comprehensive, integrated solution suite. With the addition of eLynx's capabilities to Black Knight's current offerings, Black Knight will now offer lender clients:
►A flexible document delivery platform, which securely facilitates interchange between consumers, lenders, title providers and other transaction participants either electronically or via proprietary, integrated print and mail capabilities;
►A private-labeled, mobile-friendly consumer portal to support process transparency; collect and deliver documents throughout the loan lifecycle; and schedule inspections and closings;
►Connectivity to an industry-leading network of settlement agents; and
►Support for data-validated electronic mortgage, including electronic document delivery (eDelivery), eSignature, eClosing, and eRecording as well as electronically registering and submitting the mortgage note to an electronic vault.
"Integrating the strengths of Black Knight and eLynx will give clients an even sharper competitive edge, and will significantly expand Black Knight's opportunities to cross-sell our comprehensive solutions," said BKFS President and CEO Tom Sanzone. "We believe this combination will continue to drive process standardization and efficiency throughout the loan lifecycle, and will positively impact industry initiatives focused on TRID, consumer advocacy and eMortgage adoption."
"We are excited to become part of Black Knight, a company well known for providing leading technology to the mortgage industry," said Sharon Matthews, CEO of eLynx. "I am confident eLynx and Black Knight clients will benefit from the combination of our powerful technologies and mutual commitment to delivering innovative solutions to the mortgage industry."