Bank of Oklahoma Mortgage Chooses eLynx
17 2월 2011 - 1:26AM
Business Wire
eLynx, a portfolio company of American Capital (NASDAQ: ACAS),
today announced that Bank of Oklahoma Mortgage has chosen eLynx as
the exclusive provider for end-to-end electronic mortgage
transactions using the company’s suite of electronic closing
network (eCN) services. The mortgage lender has emerged as a
growing force in the Midwest, adding mortgage services in two new
markets, nearly doubling the number of loan officers it employs,
and starting a correspondent channel. eLynx has helped the industry
process over 47 million loans using electronic fulfillment, through
every channel.
eLynx has already begun the work of introducing best
practices for high electronic adoption in loan fulfillment to the
lender’s staff. Starting in the second quarter, the institution
will begin to take full advantage of eLynx’s end-to-end document
delivery solutions, electronic signature capability, and multi-lien
fraud alerts along with the integrated settlement agent management
system and electronic HUD approval workspace. Bank of Oklahoma
Mortgage will deploy all of eLynx’s services, including the
company's total fulfillment/print and mail service.
“Mortgage lenders are ready to move into true end-to-end
electronic mortgage transactions in all channels and we're proud to
be the service more institutions are turning to as they do so,”
said Sharon Matthews, president and CEO of eLynx. “We are very
pleased to be partnering with such a forward-thinking institution,
working with the lender’s staff, introducing them to these
important technologies and ensuring the lender reaches its
goals.”
“eLynx was the best provider that had the technology we
needed to take our mortgage lending business where we wanted to
go,” said Ben Cowen, president of Bank of Oklahoma Mortgage. “We
know firsthand that eLynx has a long history of high quality
solutions and of helping institutions reach their electronic
lending goals. We are very excited to be partnering
with eLynx with our current expansion of our channels and
operations.”
eCN has rapidly gained industry acceptance, processing
more than 1 million loans in its first year. There are
approximately 100,000 settlement agents registered to use the
system. eCN makes it significantly easier to reconcile the data and
documents used in the end-to-end loan process by providing direct,
secure connections between mortgage professionals and
systems.
About BOK FINANCIAL
BOK Financial is a regional financial services company
that provides commercial and consumer banking, investment and trust
services, mortgage origination and servicing, and an electronic
funds transfer network. Holdings include BOKF, NA, BOSC,
Inc., Cavanal Hill Investment Management, Inc., and Southwest Trust
Company, N.A. Operating divisions of BOKF, NA include Bank of
Albuquerque, Bank of Arizona, Bank of Arkansas, Bank of Oklahoma,
Bank of Texas, Colorado State Bank and Trust, Bank of Kansas City,
and the TransFund electronic funds network. Shares of BOK
Financial are traded on the NASDAQ under the symbol BOKF. For more
information,
visit www.bokf.com.
About eLynx
eLynx, a portfolio company of American Capital (NASDAQ:
ACAS), provides the most widely used network for electronic
document collaboration and distribution services for the financial
services industry. Enterprises use eLynx to capture and maintain
data electronically throughout the document life cycle, automating
paper-intensive processes, improving workflow, reducing costs and
ensuring compliance with industry regulations. eLynx serves more
than 4,000 clients of all sizes worldwide, including 25 of the top
50 U.S. banks and has processed over 45 million loans. More than 4
million users utilize eLynx's enterprise document output solutions.
The company was founded in 1994 with headquarters in Cincinnati and
offices in Portland, Oregon. It maintains redundant data centers in
Beaverton, Oregon, and Cincinnati, Ohio. For more information,
visit www.elynx.com.
American Capital Strategies (NASDAQ:ACAS)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
American Capital Strategies (NASDAQ:ACAS)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024