Xceed Mortgage Corporation Selects Delta 360 Technology Solution
Posted by Bill Rudzitis
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.”
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.
Delta 360 Inc.