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ACEX, LLC Formed to Respond to Growing Need for Collaborative Commerce Within the Mortgage Servicing Industry.


SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden  -- ACEX ACEX Arctic Coring Expedition
ACEX Asheron's Call Explorer
, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, announced today at the 91st Mortgage Bankers Association (MBA MBA
abbr.
Master of Business Administration

Noun 1. MBA - a master's degree in business
Master in Business, Master in Business Administration
) Annual Convention & Expo its formation to provide a collaborative contact and business information management solution for the mortgage servicing Mortgage servicing

The collection of monthly payments and penalties, record keeping, payment of insurance and taxes, and possible settlement of default , involved with a mortgage loan.
 industry.

ACEX, LLC plans to officially introduce its flagship solution, ACEX(TM) to the marketplace in early 2005. ACEX(TM) is an innovative information management solution that will streamline communication and provide improved data security and integrity for servicers, investors, law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
  1. Clifford Chance, £1,030.2m – International law firm (headquartered in the UK);
  2. Linklaters, £935.
 and outsourcers specializing in mortgage servicing.

Currently contact and business information management in the default servicing environment is complex because servicers, law firms, investors and outsourcers utilize disparate systems to attempt to communicate with one another. ACEX(TM) is being designed to increase efficiencies in the information management area by reducing the time and resources required to maintain redundant data, resulting in increased productivity and profitability.

"With default rates predicted to rise in the near future, technologies that foster collaborative efforts offer the best strategies to meet increasing demands in the most efficient manner possible," said Mary Hunter, chief executive officer of ACEX. "ACEX(TM) will offer an integrated approach to contact and crucial business information management that will enhance both internal and external communication needs. Through our solution, the risks associated with miscommunication mis·com·mu·ni·ca·tion  
n.
1. Lack of clear or adequate communication.

2. An unclear or inadequate communication.
 of crucial business information are minimized."

About ACEX, LLC

Chicago-based ACEX LLC has been formed to provide the mortgage servicing industry with an innovative contact information management software solution. The company's ACEX(TM) is in design to be the mortgage industry's first collaborative contact and business information management solution, allowing servicers, law firms, investors and outsourcers to interface directly with one another over a secure platform that stores and maintains crucial business contact information and is accessible in real time 24/7. For more information about ACEX, visit the company's Web site at www.acex.info.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 25, 2004
Words:304
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