eLynx called “strong champion” of mortgage technology standards
January 19, 2016 – Cincinnati, OH – eLynx, the pioneer and leader in on-demand web-based compliance services for secure, data-validated mortgages, announced today that the Mortgage Bankers Association has appointed President and CEO Sharon Matthews to the board of directors of the Mortgage Industry Standards Maintenance Organization (MISMO).
MISMO is the technology standards body for the residential and commercial real estate finance industry. MISMO develops, promotes and maintains voluntary electronic commerce procedures and standards that allow participants in the mortgage process to exchange real estate finance-related information and electronic mortgages more securely, efficiently and economically.
eLynx advocates strongly for the adoption of industry standards and is the only vendor certified as MISMO compliant in the TRID domain and at the Premiere Level in the information exchange domain. eLynx also fully supports other complementary industry standards such as the government sponsored enterprises’ Uniform Loan Delivery Dataset and the Uniform Closing Dataset.
“I am delighted to be joining the MISMO board,” said Matthews. “It will be an honor to work with such a highly-regarded and influential group of leaders and visionaries. I look forward to helping in the evolution and growth of MISMO standards for our industry.”
“eLynx has been a strong champion of mortgage technology standards and has demonstrated its support through early adoption of and certification of MISMO standards,” said Mike Fratantoni, the MBA’s chief economist and senior vice president of research and industry technology and MISMO president. “I could not be happier to be welcoming Sharon to the MISMO board.”
eLynx, a portfolio company of American Capital, Ltd. (NASDAQ: ACAS), helps customers in the financial services and real estate industries capture and manage documents and associated data electronically throughout the document life cycle, ensuring compliance with industry regulations, reducing costs, improving workflow efficiency and automating paper-intensive processes. The company’s Expedite® cloud-based platform and network supports a comprehensive suite of on-demand document collaboration, distribution, and connectivity services that can be deployed independently or as a fully integrated end-to-end paperless lending solution. eLynx serves hundreds of financial institutions, including 25 of the top 50 U.S. banks, and maintains the largest and most comprehensive database of validated real estate agents in the U.S. The company was founded in 1994 and is headquartered in Cincinnati, Ohio. It has offices and redundant data and print centers in Cincinnati and Beaverton, Oregon. For more information, visit www.elynx.com.