Press Release
XL Dynamics and PCi Corporation Announce a Partnership to Integrate Web-Based Mortgage Lending and Enterprise Compliance
Agreement Will Simplify the Mortgage Lending Process by Reducing the Cost and Time Necessary to Manage HMDA and Anti-Predatory Lending
BOSTON and CERRITOS, California- July 19, 2005
XL Dynamics, a leading provider of web-based mortgage lending and system solutions, and PCi Corporation (PCi), a Bankers Systems and Wolters Kluwer business, today announced a strategic alliance. PCi's Wiz® Basic HMDA management solution and Wiz Sentinel anti-predatory lending solution are now integrated with XL Dynamics' signature product- Mortgagesoft OnLine®, a customizable web-based loan origination solution-to streamline enterprise compliance.
The integration provides a single web interface for PCi's solutions to enable XL Dynamics' Mortgagesoft OnLine customers to order PCi compliance products and services with greater simplicity, accuracy, and speed.
"XL Dynamics understands the value of offering powerful compliance solutions to Mortgagesoft OnLine customers," said Jason Hammond, PCi's Executive Vice President of Business Development. "PCi's compliance solutions will integrate seamlessly into their existing work flow to provide a powerful lending compliance solution that will dramatically reduce their cost and time managing HMDA and anti-predatory lending."
"The alliance with PCi Corporation reinforces our commitment to providing quality product offerings to the mortgage industry," said Pavan Agarwal, President of XL Dynamics. "We are excited about our partnership with PCi. At the forefront of technology, PCi is the clear market leader providing enterprise compliance solutions that will benefit our clients moving forward."
About PCi Corporation
PCi Corporation, a Bankers Systems and Wolters Kluwer business, is the industry's choice for institutions seeking to keep lending in compliance with both regulatory and internal business standards. More than 2,000 institutions, including 95 of the top 100 lenders and many industry regulators, rely on PCi's software and professional services to monitor, detect, analyze, and resolve compliance demands throughout the entire lending process. Compliance expertise, acquired during more than ten years of operating success, positions PCi to help lenders produce loans that minimize risk, identify lending opportunities, add value to portfolios, and serve the needs of their communities. PCi is based in Boston , Mass. To learn more about PCi, visit www.pciwiz.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 |
All trademarks are the property of their respective owners.
