CINCINNATI – eLynx Ltd., a provider of electronic document delivery solutions for mortgage lenders, has landed the $5.8 billion Pentagon Federal Credit Union as a client for its eLynx Web Posting Service. The service is designed to enhance the credit union's ability to electronically deliver and track residential mortgage closing documents. Pentagon FCU selected eLynx WPS in May 2003 and plans to have the system fully implemented by the end of the month. Pentagon currently processes more than 16,000 mortgage and home equity loans per year. "We were drawn to eLynx WPS because it is a cost-effective document delivery solution that eliminates most printing, packaging and delivery costs and transmits information in seconds," said Michael J. Kelly, Pentagon Federal Credit Union's manager of Mortgage Services Quality Control.
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