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Dynatek’s MORvision MXCompliance Certified
Mortgage software developer one of only four companies to receive MISMO certification
Orlando, Florida, October 24, 2005 – Dynatek, Inc., an established leader in revolutionizing mortgage automation, today announced that its MORvision mortgage automation system has been certified for credit reporting by MISMO. One of only four companies to receive certification to-date under the MISMO MXCompliance Program, MORvision was awarded MXCompliance certification for Credit Response v2.1 and Credit Request v2.1 on October 18, 2005.
MISMO, a not-for-profit subsidiary of the Mortgage Bankers Association (MBA), launched its MISMO eXtensible Markup Language (XML) Compliance (MXCompliance) for credit reporting just a few short months ago. MXCompliance allows for implementers of MISMO's Internet-based XML standards, like Dynatek, to reference requirements and take steps in becoming officially compliant, as well as validate their XML.
Dynatek followed the steps outlined on the MISMO MXCompliance Website to become certified for credit, including import and export testing, and is currently in the process of becoming certified for mortgage insurance. Dynatek will seek certification for every transaction that becomes available through the MXCompliance Program.
According to MISMO, MISMO standards and MXCompliance Certification is critical to achieving maximum use of MISMO standards across trading partners. MXCompliance Certification establishes a common understanding of what it means for a product to comply with a MISMO standard, offers certification trademarks that establish MISMO compliance, and gives lenders and vendors a benchmark by which to compare other products.
“Dynatek is pleased to be among the first to implement MISMO standards and receive MXCompliance Certification,” said Todd Luhtanen, Dynatek VP and CTO, and elected member of the MISMO Governance Committee. “We strongly believe in the principles behind data standards. Dynatek is committed to continue investing in the development and implementation of MISMO within MORvision for the good of our customers and the betterment of the industry”.
For more information on MISMO, visit www.mismo.org.
For more information on MXCompliance, visit mxcompliance.mismo.org.
About Dynatek
Founded in 1986 and headquartered in Livonia, Mich., Dynatek has been revolutionizing mortgage automation for retail and wholesale lenders for nearly 2 decades. Dynatek’s MORvision is a flexible solution that automates everything from point-of-sale and web origination through processing, underwriting, closing, secondary tracking and delivery. Dynatek is attributed with a long list of industry innovations including their award-winning Plug-In Partner Network, which seamlessly connects MORvision users to industry partners with just one click; and their unique Control Center, which offers capabilities for eMortgage, business process management, and multi-client support. With Dynatek’s complete mortgage software solution and multi-faceted approach to customer service, the company has earned numerous industry commendations and the respect of hundreds of full-service financial institutions across the nation. For more information on Dynatek or to schedule a live demonstration, call 800.462.5545 or log on to www.dynatek.com
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