Press Release
XL Dynamics Announces Strategic Partnership With ACRAnet Mortgage Settlement Solutions
Cerritos, CA - June 30, 2005
XL Dynamics, Inc., one of the nation's leading providers of web based mortgage lending and system solutions, announced today that it has entered into an alliance with ACRAnet Mortgage Settlement Solutions (AMSS). AMSS, a leading pioneer in the vendor management solution industry, provides a broad spectrum of products and services with an advanced delivery platform allowing single-keystroke automation and faster turnaround times.
Through a seamless integration with XL Dynamics' Loan Origination System (LOS) Mortgagesoft OnLine®, AMSS offers a superior centralized solution with real time access to its broad range of products. Customers can order multiple services without having to re-enter data. AMSS's alliance with XL Dynamics provides not only operational and customer service benefits but also allows AMSS to grow and expand their transaction volume. Additionally, XL Dynamics benefits by providing its customers with a single point solution for ordering, managing, and evaluating information obtained from third-party providers.
Billy Thompson, Chief Executive Officer of ACRAnet Mortgage Settlement Solutions shared the importance of building strong relationships with their customers and partners. "We look forward to the road ahead- it's very rare that you find a partner who not only represents a strategic fit, but a cultural fit as well. Our two groups embrace the same ideals of customizing our products and services around the needs of our clients, and over-delivering on our commitments. Together, we make a powerful combination of technological horsepower and customer-centric order fulfillment."
Pavan Agarwal, Chief Technology Officer of XL Dynamics adds, "We strive to offer the best value and support for our mortgage processing software, ensuring that our solutions increase efficiency and reduce corporate costs. We are excited to be a part of the ACRAnet Mortgage Settlement Solution. AMSS also provides us with an additional channel to promote our advanced technology and product offering."
About ACRAnet Mortgage Settlement Solutions
ACRAnet Mortgage Settlement Solutions is your total information solution. With Mortgage Services, Employment Screening, Tenant Screening and Commercial Screening we provide access to a broad range of products. These products include Credit, AVM, Title, Flood Determination, Rapid Re-Scores, Criminal Database Searches, Eviction Searches and much more. AMSS is a national company with an expanding network of branches coast-to-coast. All branches share a common software platform and an extraordinary commitment to customer service. AMSS is based in Simi Valley, California. To learn more about ACRAnet Mortgage Settlement Solutions, visit www.ACRANET.com
About XL Dynamics
XL Dynamics, Inc. is a complete end to end web-based loan origination and financial solution software provider for the mortgage and lending industry. XL Dynamic's Loan Origination System, MOL, automates integrated loan and mortgage processes, including qualifying, processing, underwriting, closing, secondary marketing, settlement, shipping and insuring. In addition to automating processes, XL Dynamics' solutions make it possible for enterprises and customers to work as a single unit and share this mortgage processing information over the Internet.
Founded in 1992 in Cerritos California, XL Dynamics is a US based, multinational corporation with design centers located in the US and India. For more information about XL Dynamics, visit the company's website at www.xldynamics.com or contact:
| Anthony Toro XL Dynamics, Inc. investors@xldynamics.com (800) 858-5548 |
