eLynx Introduces New Compliance Solution For Integrated Disclosures

Posted by Patrick Barnard on April 29, 2015 No Comments
Categories : Residential Mortgage

Cincinnati-based eLynx, a portfolio company of American Capital Ltd., has introduced the Expedite ID platform to provide lenders with a comprehensive compliance solution for the Consumer Financial Protection Bureau's TILA/RESPA Integrated Disclosures (TRID) rule, which goes into effect Aug. 1.

Expedite ID integrates TRID-specific functionality with eLynx's collaboration services, including the Expedite suite of on-demand services; eCN, the electronic closing network used by over 85,000 registered closing professionals; and Expedite Inbox, a lender-branded consumer portal that streamlines consumer interactions.

Expedite ID can either be deployed as a comprehensive end-to-end solution or components can be deployed individually to meet specific lender requirements.

‘Having a long-established consumer portal with the Expedite Inbox and a huge, existing database of registered closing professionals gives us a definite advantage in helping our customers prepare for TRID. There's less worry about getting agents registered and more emphasis on the collaboration process itself,’ says Sharon Matthews, president and CEO of eLynx.

Additional TRID-related enhancements are in development and will be announced over the next several months.

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