Harborstone selects eLynx service to deliver mortgage closing documents
eLynx Ltd., a leading provider of electronic document delivery solutions for mortgage lenders, today announced that Harborstone Credit Union (Tacoma, Wash.) has selected eLynx Web Posting Service (WPS) to electronically deliver and track residential mortgage closing documents.
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Harborstone Credit Union, with assets in excess of $500 million, selected eLynx WPS in May 2003. According to company officials, the credit union plans to have the WPS fully implemented by Q2 2004.
"We chose eLynx WPS because it offers us a cost-effective way to electronically transfer documents through eLynx' secure Web-server to our lending agents and other staff," said Billie Huston, project leader for Harborstone Credit Union. "The electronic document delivery system is less expensive, takes less time and is easier for our staff to use than traditional document delivery services."
eLynx WPS is the first electronic document delivery system that can be utilized company-wide and is universally compatible with any document origination application, operating on any platform, from character-based legacy systems to Windows®-based desktops. The system fully automates the process of posting documents for secure delivery via the Web and utilizes the eLynx Network Server (NS) as a virtual firewall between the user's network and the Internet.
"eLynx WPS helps Harborstone Credit Union to better serve its members by improving its own internal efficiencies and achieving significant time and cost savings," said Phil Huff, president of eLynx. "The service enables the credit union to do more with less, provides a cost-effective, easy-to-use competitive advantage and is the next step closer to the inevitable, wide-spread use of a real eMortgage."