eLynx Expedite® Awarded MISMO Certification
“We congratulate eLynx for being the first company to obtain a certificate for one of its products through MISMO’s software compliance certification program,” said MISMO President Mike Fratantoni. “We believe this certification program will be valuable for lenders and the entire mortgage industry because it provides clear assurance regarding compatibility in order to meet regulatory and counterparty requirements.”
MISMO Software Certification provides assurance that a technology provider’s certified products demonstrate compliance with MISMO standards and best practices. The Premiere Level certification includes an assessment of the technology provider’s MISMO related practices, specific product usage of MISMO standards, and evidence of MISMO training by an independent, MISMO approved, third party assessment company. Only products certified by MISMO may utilize the term “certified MISMO compliant” – a symbol of industry excellence.
Expedite is a suite of integrated on-demand services that simplify paperless business processes between enterprises and their customers and partners. Lenders who utilize Expedite can electronically deliver and receive back signed loan documents from consumers. Through Expedite, lenders can also collaborate electronically with other workflow participants to exchange data, create multiple party mortgage documents and manage fraud. Expedite has received certification for MISMO Version 3.3 within the Information Exchange business domain.
“MISMO has established a rigorous, objective and well-structured certification program that will give lenders greater confidence in the interoperability of products and solutions from the vendor community,” said Andy Crisenbery, eLynx Senior Vice President of Business Operations. “In securing this Premiere Level certification for our Expedite platform, lenders can more confidently trust that our solutions easily and quickly integrate using common standards, thereby reducing implementation risks and costs.”
More information regarding the program is available by clicking MISMO Software Certification Program, or at http://www.mismo.org.
MISMO® is the standards development body for the mortgage industry. The use of MISMO standards reduces processing costs, increases transparency and boosts investor confidence in mortgages as an asset class, while creating cost savings for the consumer. For more information, visit www.mismo.org.