Rich product integrations, partnerships and compliance
expertise drive success
LAKE MARY, FL,
April 23, 2015 /PRNewswire/ - 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:
- Client wins such as East Boston Savings Bank, Members
1st Federal Credit Union and Bridgeview Bank Group
- 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
- 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
- Endorsements by the American Bankers Association (ABA),
Western Independent Bankers (WIB), Independent Bankers Association
of Texas (IBAT) and the
Florida Bankers Association
(FBA)
- 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