Released on: 31, December 1969
, Author: Uma Mahesh
, Audience: Computers related
Dynatek, Inc., an ISGN company and an establishedleader in mid-tier mortgage automation solutions, today announced that John AdamsMortgage Company, a Southfield, Michigan-based lender, has selected Dynatek as theknowledge process outsourcing (KPO) vendor for its new construction lending operation.A Dynatek customer since 2003, John Adams recently engaged Dynatek s onDemandConstruction Lending Services to help the company ramp-up for entry into theconstruction lending market.
When we began exploring ways to gain entry into the construction market, Dynatek sonDemand Construction Lending Services just made sense, said Marc Reneau, vicepresident of John Adams Mortgage Company. Their expertise allows John Adams toenter the market quickly and economically while maintaining profitability andcompetitiveness. We have an existing relationship and trust level with Dynatek, so weknew what to expect in terms of quality and service. With the integration of onDemand,Dynatek has hit the mark again.
John Adams loan officers will use Dynatek s residential lending software, MORvision,to originate all construction loans in-house. Dynatek s Construction Lending ServicesGroup (CLS) will then facilitate all back-office processes for John Adams constructionlending division, working closely with the company to underwrite the loans. ServiceLevel Agreements are in place to ensure that all parties have the same expectations andthat a high level of service is maintained.
Dynatek s onDemand Construction Lending Services enable John Adams to quickly andeasily enter the construction lending market without the risks and overhead typicallyassociated with starting up a new division. The company also benefits from a variablecost model that allows John Adams to adjust its output level as volumes fluctuate, sothere are no unnecessary costs or strain on existing staff.
Dynatek is very excited to extend its partnership with John Adams as they venture intoconstruction lending, said Todd Luhtanen, president and CTO of Dynatek. Our goal isto make outsourcing accessible to the mid-tier and help level the playing field withthemega-lenders. This is a prime example of how Dynatek s onDemand Services can helpmid-sized lenders expand their reach without stretching their resources. Dynatek officially launched onDemand Services on July 29, 2007, making Dynatek thefirst company to offer affordable, scalable outsourcing options to the mid-tier lendingcommunity. onDemand Services bring a broad range of end-to-end benefits to mid-tierlenders, including cost savings, efficiencies, and a full range of productofferings. Midtierlenders now have the same opportunities as mega-lenders, without the obligation ofbuilding a dedicated staff or the burden of competitive pressure to grow. onDemandServices are Dynatek s KPO offerings that leverage the combined power of the entireISGN organization.
Source: Express-Press-Release.com
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