Street Capital signs 7-year contract extension with D+H for mortgage
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 4(th)
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
For more information about D+H visit www.dhltd.com
MEDIA CONTACTS: Melissa Dinsmore, D+H Melissa.Dinsmore@dhltd.com
Tannis Baldock Hill+Knowlton Strategies for D+H Tannis.Baldock@hkstrategies.ca
INVESTOR CONTACT: Brian Kyle, D+H firstname.lastname@example.org
SOURCE: Davis + Henderson Corporation
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CO: Davis + Henderson Corporation
-0- Jan/24/2013 21:35 GMT
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