GE Capital Mortgage Services Taps eLynx To Provide Electronic Delivery of Closing Packages.Business Editors, High Tech Writers CINCINNATI--(BUSINESS WIRE)--July 19, 2000 Extensive Search of Electronic Document Delivery Solutions Leads to ELynx WPS See Windows Printing System and Workplace Shell. (unit) wps - (Obsolete) Words per second (mostly used for Telex and TWX transmission). (Web Posting Service) Fueling the rapid transition from physical to digital delivery of mortgage closing packages, GE Capital Mortgage Services, Inc. and eLynx, Ltd. announced today they have joined forces to provide GECM GECM Gilbert-Elliott Channel Model customers with secure, verifiable, instantaneous document delivery on the Internet. eLynx WPS (Web Posting Service), one of the newest enabling tools in e-commerce, delivers documents on the WEB -- in a fraction of the time and cost of conventional courier and express mail services. Versus competitive offerings, eLynx WPS provides: -- Multi-tiered levels of security throughout the delivery process. -- Scalability and flexibility to support requirements across business units. -- Reliability through its deep infrastructure and redundant systems. "The explosive growth of e-commerce and e-business has accelerated the need for the seamless, real time creation and delivery of business-critical documents," said eLynx President Dennis Orner. "eLynx WPS combines software and service into an elegant, cost effective solution. "As one of the top 25 mortgage lenders in the nation, GE Capital Mortgage has recognized the need to centralize and automate delivery of closing packages," Orner added. "Velocity -- doing business at Internet speed -- is changing the game in mortgage banking, and mortgage lenders who do not recognize this trend won't remain competitive." In partnering with eLynx for digital delivery of documents, GE Capital Mortgage joins a growing list of the mortgage banking industry's leading companies, including: American Home For the American mortgage lender, see . The American Home is a center of intercultural exchange located in Vladimir, Russia. The home is designed to model a typical American suburban home and its main focus is the ESL school that provides lessons for Russian students. Mortgage, Mortgage Lenders Network, Irwin Mortgage Corporation, Union Federal Savings, New Century Mortgage, Accurate Document Services, Fremont Investment and Loan, M&T Bank, M&I Mortgage Corporation, mortgagebot.com, NVR NVR Never NVR Network Video Recorder NVR Novgorod (Russia) NVR Naval Vessel Register (US Navy) NVR Nene Valley Railway (UK) NVR Non Volatile Residue NVR Non-Volatile RAM Mortgage, Provident Consumer Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , Finance America, and Webster Bank Webster Bank is a bank based based out of Waterbury, Connecticut. It is the largest Connecticut based bank and the 42nd largest in the United States. History Webster was founded in 1935 by Harold Webster Smith. . Conversion to digital document delivery accelerating in B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business Sector Mortgage Banking is among a number of B2B sector businesses that are rapidly converting to digital document delivery, Orner explained. U.S. businesses today create over 90% of their documents in digital form, yet spend more than $150 billion annually to convert them to paper for delivery by courier, fax, and first class mail. eLynx WPS enables the originating company to send the document in digital form -- the fastest, most reliable, lowest-cost form of document delivery. eLynx WPS is universally compatible with virtually any document origination system. And the recipient needs only a standard web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. and eLynx's free print utility to receive the document. "In comparison with email, there is no comparison. Email infrastructures don't have the capacity to meet the high volume, complex needs of business and industry. Email is designed for quick, convenient transmission of free-form text Words and sentences, such as input to a word processor or text editor. Since text is already free form, the term is redundant, but is used to emphasize its unstructured nature. See free-form database. messages -- not for the secure delivery of large files with embedded attachments," Orner said. eLynx WPS provides levels of automation, security, reliability, and verification not possible with email. Plus it eliminates the ever-present threat of viruses that plague the email environment. eLynx WPS enables users to: -- Automatically deliver high volumes of complex documents to multiple recipients in diverse locations. -- Improve security, reliability, and quality. -- Track documents at every stage and verify delivery. -- Automatically print documents at recipient's location. -- Avoid the pitfalls of email-based solutions. -- Save up to 75 percent versus cost of physical delivery. -- Provide the velocity (Internet speed) required by today's technology-conscious customer. eLynx, an application services See ASP and Web services. developer and provider for the B2B sector, is based in Cincinnati, Ohio “Cincinnati” redirects here. For other uses, see Cincinnati (disambiguation). Cincinnati is a city in the U.S. state of Ohio and the county seat of Hamilton County. . More information on eLynx WPS is available by contacting Casey Foreman, eLynx Vice President of Sales at 513-612-5926 or cforeman@eLynx.com. eLynx is on the Web at www.elynx.com. |
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