Filogix launches Exchange 2.0, their next generation in collaborative document management solutions



    TORONTO, April 8 /CNW/ - Filogix Limited Partnership (a subsidiary of the
Davis + Henderson group of companies), a leading provider of lending solutions
for the retail banking, small business, commercial banking, equipment finance,
mortgage and real estate industries; announced today the launch of Filogix
Exchange(TM) 2.0, their next generation in collaborative document management
solutions for the mortgage industry.
    Exchange 2.0 is a highly secure document management solution. It allows
Originators and Lenders to share and collaborate with all those that touch the
deal. The mortgage deal is very document heavy and with Exchange these
documents are now stored directly to one central deal folder either by faxing
or electronically uploading. Documents can be sent back and forth, commented
on, faxed/emailed out and archived without a restriction on the size, number
of pages or document file type, for as long as is required. Exchange's
integration with the other Filogix core mortgage solutions continues to
streamline the mortgage origination to funding process.
    Filogix also announced that two major clients, Concentra Financial and
Invis Inc., have committed to deploy the platform. "We are very excited to
launch Exchange 2.0 to mortgage Originators and Lenders. To already have
Concentra and Invis committed to this solution, is a testament to the value it
will bring to the industry" said Judy Dinn, EVP Product Solutions, Filogix.
"Providing our clients with a secure, centralized facility for document
sharing and collaboration was a priority for Filogix, as we knew there were
not only industry efficiencies to be gained, but an overall streamlined
process."
    "Security and compliance is always top-of-mind when we make any decision
related to our business" said Jane Kulbida, Associate Vice-President
Residential Mortgages, Concentra Financial. "Exchange 2.0 allows us to meet
our Federal regulation requirements in terms of archiving documents, keeping
an audit trail and structuring privileged/restricted access within the
solution. Its flexibility is something that really works to our benefit at
Concentra."
    "For our 1600+ mortgage consultants at Invis and Mortgage Intelligence,
using Exchange 2.0 will mean enhanced productivity," said Gord Dahlen, EVP,
Invis Inc. "The huge benefit our consultants will see is the ability to
communicate more effectively with our Lenders, like Concentra, in real-time,
which we expect will effectively decrease the time for a deal to go from
application to funding."

    About Filogix Limited Partnership

    Filogix Limited Partnership is a leading provider of lending solutions.
With clients in the United States and Canada, Filogix technologies are used by
industry leaders in retail banking, small business, commercial banking,
equipment finance, mortgage and real estate.
    For more information about Filogix, please visit www.filogix.com.

    About Concentra Financial

    Concentra Financial is Canada's first federally-regulated national retail
association, a co-operative, wholly-owned by Canada's credit unions, their
Centrals, and other co-operative system partners. Along with its financial and
trust business solutions, Concentra provides competitive commissions, rates,
and mortgage features to mortgage brokers and their clients.
    For more information about Concentra Financial, please visit
www.concentrafinancial.ca

    About Invis Inc.

    Invis is Canada's largest independent mortgage brokerage firm with a
national team of over 800 mortgage professionals. Mortgage Intelligence is a
leading Canadian brokerage with over 800 mortgage professionals from coast to
coast. Invis and Mortgage Intelligence mortgage experts provide unbiased
mortgage advice to first time homebuyers as well as those looking to renew or
refinance their mortgage, purchase investment properties, or consolidate
debts.
    For more information about Invis, please visit www.invis.ca




For further information:

For further information: Judy Dinn, EVP Product Solutions of Filogix
Limited Partnership, (416) 360-1777 ext. 3394; Becky Block, Communications &
Creative Services of Concentra Financial, (800) 788-6311; or, Steven J. Moyes,
National Communications Manager of Invis Inc., (604) 879-0228

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FILOGIX LIMITED PARTNERSHIP

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