Author Archives: Derek Cook

About Derek Cook

Derek Cook is the president and co-founder of Delta 360 Inc. Prior to Delta 360, Derek joined Filogix Inc. in September 2001 as part of the acquisition of Kelon Computer Corp., a 20 person software development and consulting firm. While at Filogix, Derek held various Director level positions. Prior to Filogix, Derek founded Kelon Computer Corp. spending twenty-four years in the development and support of software products and consulting services specifically for the financial services sector. Through Kelon Computer Corp., Derek successfully implemented one of the first completely PC-based retail banking systems in 1988. Derek also utilized his expertise in the financial systems field to develop proprietary mortgage administration software for a major Canadian financial institution. This pc-based software provided the bank with the ability to enter and underwrite a mortgage deal on-line in 1990. This software continued to evolve to facilitate end-to-end processing of mortgages including funding, servicing and securitization of mortgages without the need for most paper-based documents.

MonCana Bank of Canada Selects Delta 360’s LMS360 End-to-End Lending Solution

Posted by Derek Cook in News - (Comments Off on MonCana Bank of Canada Selects Delta 360’s LMS360 End-to-End Lending Solution)

MARKHAM, ON, July 20, 2011 Delta 360 Inc. is pleased to announce that MonCana Bank has selected Delta 360’s LMS360 lending suite as their end-to-end mortgage processing system.  In addition to LMS360’s Servicing, Retention, Accounts Payables, Municipal Tax Administration and Securitization capabilities, MonCana Bank will be the first bank to use our new Origination module.  … Read more

Delta 360 Launches New Blog

Posted by Derek Cook in News - (Comments Off on Delta 360 Launches New Blog)

Delta 360 has just launched our new blog.  This blog allows us to share our ideas about mortgage technology, and the trends, and challenges, facing our industry. We are also excited about the opportunity that it gives us to shape the direction of our products by soliciting feedback from our clients. The URL for our … Read more

Mortgage Rate Comparison Tools

Posted by Derek Cook in Lending - (1 Comments)

Is there room for more consumer oriented mortgage rate comparison tools in the marketplace today?  If so, what features are lacking … if any. A non-exhaustive search of the current rate comparison tools shows that a large percentage are tied to specific brokers, or lenders.  This is not a problem, if the site is transparent … Read more