Delta 360 Inc. Announces Partnership with First Canadian Title
Posted by Bill Rudzitis
MARKHAM, ON, January 29, 2007
Delta 360 Inc., Canada’s leading edge provider of mortgage technology solutions, is pleased to announce that First Canadian Title (FCT) has partnered with, and taken a minority equity stake in, Delta 360 Inc.
As part of the agreement, FCT will leverage Delta 360’s LMS360 mortgage servicing platform to provide outsourced mortgage administration services. This partnership will allow a lender to outsource any, or all, mortgage servicing and investor administration functions to FCT.
Derek Cook, President, Delta 360 Inc. points out, “the support of a market leader like First Canadian Title provides Delta 360 with significant financial strength and stability”. “We are excited to bring a new innovative solution to the marketplace”, says Cook. “The strategy that we have introduced allows the lender to choose the Delta 360 products that will give their organization the strategic advantage they are looking for.”
“Our partnership with Delta 360 provides us with the final building block in our ability to offer a true end to end mortgage platform for the Canadian lending industry”, said David Wybrow, Senior Vice President, First Canadian Title. “Delta 360’s leading edge servicing platform ties in with our other partners: Dorado, DRN Commerce and our internal loan closing platform”, added Wybrow.
About Delta 360
Delta 360 Inc. was formed in 2005 with the sole focus of delivering mortgage technology solutions to the Canadian financial industry. The Delta 360 leadership team has a proven track record in Canada; delivering solutions on time, on budget, and within scope since 1985.
We utilize our depth of experience, and expertise, to deliver software solutions focused on the mortgage technology space. Our experience in delivering complex transactional systems and leveraging rapid application development environments has strategically positioned us to focus on solving business problems while delivering configurable, highly robust and reliable solutions. Delta 360’s ASP model minimizes start up costs and provides the lender with a predictable transaction-based pricing model linking servicing costs to portfolio volume.
For more information about Delta 360 Inc., visit www.delta360.com
About First Canadian Title
First Canadian Title is Canada’s leading provider of title insurance for residential and commercial real estate transactions and other related products and services. Established in 1991, First Canadian Title pioneered the concept of title insurance in Canada, and now issues hundreds of thousands of new policies each year. As a member of the First American Family of Companies, First Canadian Title’s financial strength, stability and commitment to service excellence are second to none in the industry. Based in Oakville, Ontario, First Canadian Title employs more than 1,000 people from coast to coast. Customers include more than 15,000 lawyers and notaries nationwide, every major Canadian chartered bank, other lending institutions, real estate professionals, mortgage brokers, and builders.
For more information about First Canadian Title, visit www.firstcanadiantitle.com
Delta 360 Inc.