July 1, 2005
APPRO Systems Inc., Baton Rouge, La., an
Equifax company, and the leading provider of automated credit risk management and financial technologies for the lending industry, and Cincinnati-based
eLynx Ltd., a leading provider of electronic document delivery solutions for the financial industry, announced at the 2005 APPRO Systems User Conference that it has developed an interface between APPRO's LoanCenter ConsumerÃ¢â€žÂ¢ and eLynx's eLynx WPS
(Web posting service).
This interface provides APPRO users with a Web-based document delivery system that provides all the tools needed to easily manage and securely receive and deliver documents required in the loan process. LoanCenter Consumer users will benefit from this solution by transforming a paper-intensive process into a secure, electronic process that will significantly improve efficiencies and reduce costs associated with loan procedures. Users will not only have the ability to electronically deliver and receive loan applications, but also electronically track mission-critical data and documents.
Users of the interface will have the ability to print loan closing packages when needed, rather than be pushed from a central location, thereby reducing printing errors and also security concerns about documents sitting abandoned or interspersed with other printed documents.
Electronic document delivery serves as a cost-effective solution while meeting regulatory and compliance guidelines and satisfying audit concerns.
APPRO is an integral part of Equifax's Enabling Technologies, a collection of decisioning platforms that includes APPLY, Decision Power, InterConnect, and Authentication. These products cover a broad spectrum of customer requirements and are designed to easily integrate into virtually any technology environment. They provide customers the opportunity to leverage the vast capabilities of Equifax to better manage their entire customer lifecycle, from account acquisition, to profitability management, and ultimately risk management.