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Xceed Mortgage Corporation Selects Delta 360 Technology Solution
MARKHAM, ON,
November
14,
2007
Delta 360 Inc. is pleased to announce that Xceed Mortgage
Corporation has selected Delta 360's LMS360 mortgage servicing suite to
manage their portfolio. Through an agreement, executed in May 2007,
Xceed will utilize Delta 360’s Servicing, Securitization, Tax
Administration, Payables and Retention modules.
“We are proud to have Xceed Mortgage, a market leader, fully
utilizing the revolutionary capabilities that our suite of products can
provide”, says Derek Cook, president of Delta 360. “Our configurable
technology platform will provide Xceed with the flexibility to support
their innovative lending products and scalability to accommodate
continued growth.”
About LMS360
LMS360 is a complete
end-to-end mortgage servicing platform comprised of multiple modules,
which can be used independently or as an entire product suite. LMS360
can support various mortgage products including, prime and
non-conforming mortgages, line of credit and multi-component mortgages.
LMS360 is the only mortgage servicing platform with configurable
workflow and scoring capabilities, as well as, integrated document
management resulting in streamlined processes and reduced costs.
About Delta 360 Inc.
Delta 360
is focused on delivering superior mortgage technology solutions to the
Canadian financial industry. We are revolutionizing the mortgage
servicing technology space by combining workflow, scoring and document
management technologies, with a robust and highly configurable loan
servicing platform. In addition to the implementation services that we
provide for our solutions, we provide IT strategies, infrastructure
implementation, custom development, and project management. Combining
our financial industry knowledge, with our experience in successfully
delivering advanced mission critical solutions, positions us well as a
premier solutions partner for any financial institution. For more
information about Delta 360 Inc., visit
www.delta360.com
About
Xceed Mortgage Corporation
Xceed is one of a new breed of alternative residential mortgage lenders
in Canada. Xceed helps Canadians fulfill their aspirations of home
ownership. Its borrowers range from those who have solid credit and
income histories, but have not managed to save a down payment, to those
who have gone through periods with limited and specific credit
difficulties but have since recovered and repaired their credit. A
growing proportion of Xceed's applicants are renters, self-employed
entrepreneurs, and recent immigrants to Canada, who may otherwise not
conform to major banks' electronic credit-scoring criteria.
By meeting the needs of Canadians for alternative financing, Xceed
Mortgage Corporation has grown to become one of the largest
non-traditional residential mortgage financing companies in Canada, with
mortgage and other assets under administration of approximately $2.7
billion. Xceed operates in a market that is estimated to have a
potential size of approximately $70 billion. Xceed's shares are traded
on the Toronto Stock Exchange (TSX: XMC). To find out more about Xceed
Mortgage Corporation, visit our website at
www.xceedmortgage.com.
Derek Cook
President
Delta 360 Inc.
Derek.Cook@Delta360.com
905.475.2360
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