Dynatek Receives MXCompliance Certification for Flood
Mortgage software developer leads industry with four MISMO certifications
Livonia, Michigan, February 12, 2007 – Dynatek, Inc., an established leader in revolutionizing mortgage automation, today announced that its MORvision mortgage automation system was certified for Flood Request v2.3.2 - Export and Flood Response v2.3.2 - Import on February 1, 2007. Dynatek is among the first in the industry to receive this certification, and is the only company to be certified in all four categories under the MISMO MXCompliance Program.
MXCompliance requirements for the MISMO Flood transaction allow leading industry participants to become a credible source for the transaction that is used for flood zone determinations. With this "MISMO-compliant" stamp of approval, entities like Dynatek can differentiate themselves within the request for proposal (RFP) process by illustrating their commitment to free and open data standard transactions, demonstrating overall flexibility and showing that they passed a third party test.
Dynatek also demonstrates leadership in this area through their executive participation in MISMO. Both Todd Luhtanen, Dynatek president and CTO, and Denise Lawrence, Dynatek senior business analyst/compliance, have played key roles in MISMO since the organization’s inception.
“Dynatek has taken an active role in MISMO because we strongly believe that data standards are a critical component in simplifying the lending process," said Todd Luhtanen, Dynatek president and CTO. “Receiving MXCompliance Certification in all four categories solidifies our commitment to provide an integrated lending experience for our customers and underscores our support for open connectivity within the industry.”
Since launching MISMO eXtensible Markup Language (XML) Compliance(MXCompliance) for the credit reporting transaction in 2005, MISMO has expanded the MXCompliance Certification to include three more categories: Mortgage Insurance (MI), Automated Underwriting Services (AUS), and now Flood.
Dynatek was one of the first to earn certification for credit in October of 2005, followed by MI in January of 2006 and AUS in April 2006. Dynatek is now leading the MISMO certification effort by becoming the first and only company to hold MXCompliance certifications for all four products available from MISMO.
As MISMO expands the MXCompliance Program for other transaction areas in the future, Dynatek will continue to provide input when asked, and plans to seek certification for all relevant origination-related transaction sets as they become available in the future.
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 more than 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 demonstration, call 800.462.5545 or log on to www.dynatek.com |
