Lydian Offers Mid-tier Outsourcing Option

Lydian Data Services, a provider of outsourcing services to the mortgage industry based in Jacksonville, Fla., has announced the rollout of a turnkey outsourced fulfillment system targeted at mid-market originators, banks, and credit unions.Aimed at companies entering the wholesale and retail mortgage origination market or looking to convert their fixed-cost operations into a scalable variable-cost model, Lydian's outsourcing services include the entire collaborative Web-based platform, best-practices fulfillment process, and an experienced staff, the company said. They cover the full range of fulfillment and back-office operations, including processing, underwriting, closing, funding, and delivery to core banking and servicing systems, the secondary market, or various investors. Loan status is visible through authorized access via any Internet connection, providing originators a quick and easy view on the up-to-date status of each loan file, Lydian said. The company can be found on the Web at http://www.lydiandata.com.