eLynx Expedites HUD-1 Workflow

Cincinnati-based eLynx Ltd., a provider of electronic information management systems for the financial industry, has announced the introduction of a service designed to expedite the workflow for creating and reviewing HUD-1 settlement sheets.HUD-1 Check "virtually eliminates discrepancies and errors associated with the HUD-1 documents by providing a simple and secure interface which allows lenders and closers to review, correct (if needed), and approve HUD-1 statements online in a matter of minutes without incurring the costs or delays associated with paper, printing, and faxes," eLynx said. The new service creates an audit trail of each transaction and provides settlement agents with verified HUD-1 acceptance before closing. The announcement was made at the Mortgage Bankers Association's annual convention in Orlando, Fla. The company can be found online at http://www.elynx.com.