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NEWS / 2006 PRESS RELEASES

 

Dynatek Announces Beta Release of MORvision Titanium eLO
Dozens of users begin testing Dynatek’s new .NET POS system

Livonia, Michigan, September 25, 2006 – Dynatek, Inc., an established leader in revolutionizing mortgage automation, today announced the beta release of MORvision Titanium Enterprise Loan Officer (eLO).

eLO is the point-of-sale (POS) portion of Dynatek’s new mortgage automation system: MORvision Titanium. Described by the company as the ultimate POS system, eLO combines all the functionality of leading POS systems with unique benefits only available in software that uses the latest development tools and technologies. These include .NET, Smart Client, SOA, Web Services and n-tier functionality. Customers will enjoy the benefits of exclusive features like synchronized docked and undocked access to the software, enterprise-wide tracking and reporting, centralized administration and control, and automatic distribution of updates.

eLO will work seamlessly with Dynatek’s current MORvision mortgage automation system, and will be the first phase in a migration path that takes current customers from MORvision to Titanium. The company has built smooth transitions into the product design so customers can effortlessly progress from one product to the next and constantly enjoy the benefits of the most current technology.

“At Dynatek, we take a different approach than most,” said Todd Luhtanen, CMT, president and CTO of Dynatek. “We understand that lenders want to invest in a partner and a product that will provide a long-term solution. That’s why our number-one goal is to provide mortgage software that simplifies the lending process. Part of the commitment means using the latest technologies to design a system that can continually grow and evolve; MORvision Titanium does just that.”

The MORvision Titanium eLO Beta Program is the initial phase in a corporate-wide beta program for Dynatek’s new Titanium product line. Sixteen MORvision customers have been invited to participate in this phase of the program. Future phases will involve additional companies and lead to an Early Adopter Program.

Dynatek’s goal is to receive feedback on the features, reliability, scalability and dependability of eLO. Responses and data will be collected and analyzed by Dynatek in order to make additional improvements and smooth-out any issues prior to a full-scale release, which is planned for 2007.

“We are extremely excited to participate in Dynatek’s eLO Beta Program,” said Jim Slocum, vice president of information technology for OneUnited Bank. “Everyone here is looking forward to experiencing the tremendous potential of eLO, and learning how we can leverage all of its unique features. We are thrilled to be a part of this history-making experience and have a hand in shaping what Titanium ultimately becomes.”

For more information on Dynatek’s beta program, current customers should log on to www.morvision.com and click on the MORvision Titanium Beta Tester Program link or contact Customer Support at 800.462.5545. Other interest may be directed appropriately to Sales or Marketing at 800.462.5545.  

About Dynatek
Founded in 1986 and headquartered in Livonia, Mich., Dynatek has been revolutionizing mortgage automation for retail and wholesale lenders for 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 learn more about the benefits of MORvision, call 800.462.5545 or log on to www.dynatek.com