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FiLogix Creates Link to emili®

August 15, 2001 — FiLogix Inc. announced today that it has enhanced its ECNI broker interface to create improved efficiencies, including a new link to emili®, Canada Mortgage and Housing Corporation's (CMHC) online risk assessment and processing platform.

The link to emili® is through ECNI and the LSS broker interface, which has been linked to emili® since 1998. The link is transparent to brokers using ECNI and gives them the ability to send mortgage applications and receive commitments without additional steps. ECNI applications are seamlessly reformatted and presented to lenders in the LSS environment, allowing lenders to consolidate the flow of the two origination systems on one standard platform.

Lenders may now send applications originating on ECNI to CMHC's emili® through the LSS gateway, saving significant time for all involved.

"We are pleased that mortgages originating on ECNI can now be directed to emili® with ease. This linkage to emili® further increases the number of ways a homebuyer's application can reach emili®, which provides mortgage insurance approvals in seconds," said Sharon Matthews, CMHC's Director of Product and Technology Development.

"FiLogix is excited to be able to take different platforms and streamline them to feed into emili ® for the benefit of mortgage lenders and customers," said David Chapman, Executive Vice President, Strategic Initiatives for FiLogix.

About CMHC

CMHC is Canada's national housing agency, helping Canadians gain access to a wide choice of quality, affordable homes. CMHC is involved throughout the entire home purchase and ownership cycle. CMHC has been breaking new ground in the Canadian housing industry for over 50 years and has pioneered mortgage insurance products and services that have helped finance over one third of Canadian homes.

For more information about CMHC, please visit www.cmhc.ca.

About FiLogix

FiLogix is Canada's largest electronically-enabled originator and processor of financial services, mortgages and real estate-related transactions. The company's mortgage quotation and placement technologies are utilized by more than 5,000 trading partners, including major lending institutions and their mortgage sales forces, independent mortgage brokers, home appraisers, mortgage insurers, title insurers, the legal community and real estate boards and sales associates nationwide.

For more information about FiLogix, please visit www.filogix.com.

For further information, contact:

Sharon Matthews
CMHC
(613) 748-4632

Dave Chapman
FiLogix
(519) 649-2363, ext. 230

News source: Canada Mortgage and Housing Corporation (CMHC)

 

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