MonCana Bank of Canada Selects Delta 360’s LMS360 End-to-End Lending Solution
Posted by Derek Cook
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. Origination.LMS360 provides a multi-channel loan fulfillment solution that enables centralized underwriting and condition management for all loans, channels, products, services, customers and fulfillment partners.
“We are pleased to work with the Delta 360 team to implement their fully integrated mortgage system,” said Gerry Wagner, CFO of MonCana Bank of Canada.
“Delta 360 is proud to have MonCana Bank utilize our end-to-end lending suite”, says Derek Cook, president of Delta 360. “MonCana Bank’s leadership team has successfully started, and operated, various financial institutions in the past, and we believe they will be even more successful through the efficiencies that our platform provides.”
LMS360 is a complete end-to-end mortgage platform comprised of multiple modules, which can be used independently or as an entire product suite. The LMS360 suite includes Underwriting, Funding (Advancing), Servicing, Retention, Accounts Payables, Municipal Tax Administration, Securitization and Business Intelligence capabilities. LMS360 can support various mortgage products including, prime and non-conforming mortgages, line of credit and multi-component mortgages. The LMS360 platform provides a complete load administration platform with configurable workflow and scoring capabilities, as well as, integrated document management resulting in streamlined processes and reduced costs.
About MonCana Bank of Canada
MonCana Bank of Canada is a newly incorporated Schedule I Bank. MonCana is focused on the origination, sale and servicing of single family mortgages across Canada. The Bank is dedicated to the brokerage industry, originating both mortgages and deposits through brokers. For more information on MonCana Bank of Canada, visit www.moncana.com.
About Delta 360 Inc.
Delta 360 Inc. is focused on delivering superior lending technology solutions to the Canadian financial industry. We are revolutionizing the lending technology space by combining workflow, scoring and document management technologies, with a robust and highly configurable loan-origination, underwriting and servicing and securitization 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.
Delta 360 Inc.