Street Capital signs 7-year contract extension with D+H for mortgage technology solutions
D+H to continue to support applications and lending activities of Canadian residential mortgage lender
TORONTO, Jan. 24, 2013 /CNW/ - Davis + Henderson Corporation (TSX:DH) announced today that Street Capital Financial Corporation, Canada's 4th largest lender to the mortgage broker market, has extended its longstanding contract with D+H for mortgage technology solutions . Under the terms of this new seven-year agreement, Street Capital will use D+H's Expert system to accept broker-originated mortgage applications and D+H Express for its mortgage underwriting activities.
"D+H has a proven track record in this industry," said Paul Grewal, President of Street Capital Financial Corporation. "They have been an important partner to Street Capital since the beginning, providing us with mortgage technology and solutions that are significant factors in our growth in this fast-paced and challenging industry."
"We are pleased to extend our relationship with Street Capital," said Alfy Louis, EVP Lending Solutions and Product Management at D+H. "We look forward to continuing to help them better serve their mortgage customers using our industry-leading products, services, and technology."
D+H is the North American market leader in mortgage technology, delivering a range of solutions for mortgage origination and underwriting. D+H solutions offer 24x7 access to ensure that transactions can be processed in real-time. They also provide for broker/lender collaboration by automatically transferring mortgage origination requests into underwriting systems.
"Innovation and customer service are responsible for over a century of D+H market leadership," added Mr. Louis. "We don't take this position lightly and we are constantly driven to invest in product development and infrastructure to continue delivering the best value and innovation in the industry."
About Street Capital Financial Corporation
Street Capital Financial Corporation is a Canadian owned residential mortgage lender. Street Capital prides itself on offering a broad spectrum of mortgages, competitive interest rates and exceptional customer service. Street Capital is proud to work with mortgage brokers to help more Canadians find financing solutions for home ownership.
Street Capital is owned by Counsel Corporation which is a financial services company that is listed on the Toronto Stock Exchange (TSX: CXS). For more information about Street Capital, visit: www.streetcapital.ca.
Founded in 1875, D+H is a leading solutions provider to the North American financial services marketplace, providing innovative technology-based programs, products and business services tailored to our customers' needs. A deeply rooted tradition of developing and nurturing valued customer relationships and a broad set of integrated solutions position D+H for ongoing growth in our chosen markets. In 2012, D+H rose to 35th on the FinTech 100, a ranking of the top technology providers to the global financial services industry.
For more information about D+H visit www.dhltd.com
SOURCE: Davis + Henderson CorporationFor further information:
Melissa Dinsmore, D+H
Hill+Knowlton Strategies for D+H
Brian Kyle, D+H