Rich product integrations, partnerships and compliance expertise drive
success
LAKE MARY, FL, April 23, 2015 /CNW/ - DH Corporation (TSX: DH) ("D+H"), a leading provider of technology
solutions to domestic and global financial institutions, today
announced that it experienced record client growth in 2014 for its
mortgage solutions. The company formed new relationships with more than
130 community banks and credit unions, of which 70 percent choose both
MortgagebotPOS™ and MortgagebotLOS™ solutions from D+H. Growth also came from the company's existing
client base, with nearly 75 of its long-standing MortgagebotPOS clients adding the newer MortgagebotLOS solution in 2014 alone.
D+H's momentum continues into 2015 and includes marquee client wins,
significant product and integration announcements, expanded strategic
partnerships and ground-breaking programs to help clients get ahead of
TILA-RESPA and other compliance challenges:
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Client wins such as East Boston Savings Bank, Members 1st Federal Credit Union and Bridgeview Bank Group
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Mortgagebot® solution investments such as ongoing compliance and user interface updates, enhanced
integration between MortgagebotPOS and MortgagebotLOS, and integration with partner solutions that add significant value for
clients like CUNA Mutual Payment Protection Insurance and Optimal Blue
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A partnership agreement that extended the Independent Community Bankers of America (ICBA) designation of D+H as a Premier Value Provider under the ICBA SmartLenderSM Program
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Endorsements by the American Bankers Association (ABA), Western Independent Bankers
(WIB), Independent Bankers Association of Texas (IBAT) and the Florida
Bankers Association (FBA)
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Innovative compliance programs such as the Mortgage Reform School, a web-based program of on-demand webinars and downloadable articles to
help banks and credit unions prepare for the upcoming changes to the
integrated TILA-RESPA Final Rule
"We're excited about our demonstrated growth in the mortgage solutions
arena," said Bill Neville, president, D+H USA. "I attribute this
success to our unrelenting focus on helping small and mid-sized
community banks and credit unions stay ahead in an increasingly complex
and competitive lending environment."
While real estate and construction markets have created an upward trend
in borrower activity, and consumers feel more confident when it comes
to applying for mortgages, challenges remain. For small to mid-sized
institutions, it can be daunting to balance growing regulatory
pressure, aggressive competition from alternative lenders and the
demands of a tech-savvy customer and employee base.
"As a partner to our clients, we must do more than simply provide
solutions that enhance the borrower experience and streamline the
mortgage process from origination to closing," said Neville. "We must
leverage our compliance and business expertise to help clients navigate
the regulatory landscape and stay ahead of the curve. We believe that
this sets D+H apart, and will continue to make us a leader in lending
in quarters to come."
Lenders and industry experts agree. "As we all know, the future is a
product of what we're willing to invest in the present," said David
Lykken, Host of Lykken on Lending and advocate of D+H's mortgage
technology solutions. "Lenders are increasingly adopting this strategy
by choosing the technology partners best positioned to help them move
their businesses forward. By investing in the right measures early,
bank and credit union executives are skillfully aligning their
organizations to remain ahead of continued regulatory impact,
competition and evolving consumer demands. With the growing portfolio
of solutions D+H offers that addresses every type of lending -
mortgage, consumer and commercial - as well as its depth of compliance
knowledge, you can see why the company is a partner of choice for many
lenders. "
About D+H
D+H (TSX: DH) is a leading financial technology provider the world's
financial institutions rely on every day to help them grow and succeed.
Our lending, payments and enterprise solutions are trusted by nearly
7,000 banks, specialty lenders, community banks, credit unions and
governments. Headquartered in Toronto, Canada, D+H has more than 4,000
employees worldwide who are passionate about partnering with clients to
create forward-thinking solutions that fit their needs. With annual
revenues of more than $1 billion, D+H is recognized as one of the
world's top FinTech companies on IDC Financial Insights FinTech
Rankings and American Banker's FinTech Forward ranking. For more information, visit dh.com.
SOURCE DH Corporation
