Technology integration will allow D+H to offer lenders an end-to-end solution for residential mortgage
discharges
TORONTO, Jan. 12 /CNW/ - D+H, a leading solutions provider to the
financial services industry, has entered into a licensing agreement
with TELUS Financial Solutions allowing D+H to integrate TELUS Assyst
Real Estate's electronic mortgage discharge platform into its existing
mortgage discharge solution for lenders. This integration will provide
lenders and other participants in the discharge transaction - including
lawyers and notaries - with an end-to-end discharge workflow solution
that automates what is currently a very manual and paper-intensive
process, resulting in quicker processing, reduced errors, and improved
customer and client satisfaction.
D+H offers comprehensive outsourced program management solutions that
assist lenders with mortgage discharges by simplifying the preparation,
execution, filing and storage of mortgage discharge documents. By
linking together the D+H solution and TELUS Assyst—which allows
solicitors and notaries to electronically request mortgage discharges
and payouts—the companies will be able to offer a single comprehensive
solution that minimizes the need for repeated data entry, benefiting
all parties involved in the transaction. Additionally, the solution
allows the documents to be electronically generated, executed, and
registered.
"We were very interested in working with TELUS because their technology
solution for initiating the mortgage discharge process is proven in the
market," said Serge Rivest, Executive Vice President of Sales &
Marketing for D+H. "Our solution until now has been more focused on
completing the actual activities involved in discharging a residential
mortgage. By combining our technologies, we can present our customers
with a more robust industry solution that delivers significant
incremental value and has great potential to become the new industry
standard."
"We are delighted that D+H chose TELUS technology for integration with
their solution," noted Paul Lepage, Senior Vice President, TELUS Health
and Financial Solutions. "Our Assyst Real Estate technology was
developed with significant collaboration from both lenders and the
legal community and we believe that the opportunity to combine it with
D+H's robust workflows for back-end mortgage discharge processing will
significantly benefit our customers by both reducing processing errors
and more efficiently processing the payout statements and registered
discharge documents."
Based on 2009 Canadian Mortgage Housing Corporation statistics there
were over 1.3 million mortgages originated by financial institutions.
It is estimated that this resulted in approximately 1.0 million
discharge transactions needing to be prepared and registered.
About D+H
Davis + Henderson is a leading solutions provider to the financial
services marketplace. Founded in 1875, the company today provides
innovative programs, technology products and technology based business
services to customers who offer chequing accounts, credit card
accounts, and personal, commercial, and other lending and leasing
products. For more information about D+H, visit www.dhltd.com.
About TELUS
TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications
company in Canada, with $9.7 billion of annual revenue. TELUS Financial Solutions partners to provide innovative banking
solutions leveraging Internet, Mobility & Content to the Canadian
Financial Industry servicing Banks, Credit Unions and their Communities
of Interest who want to be innovative in the ways they interact with
and service the needs of their customers. TELUS' bilingual Assyst Real
Estate mortgage solution facilitates instructing, funding and reporting
of mortgage loans for lenders and the legal community.
