CMLS Financial Selects Delta 360’s Mortgage Platform

MARKHAM, Ontario--(BUSINESS WIRE)--Delta 360 Inc. Canada’s newest mortgage servicing platform provider has been selected by CMLS Financial to support its entry into the residential mortgage market. CMLS Financial, Canada’s largest independently-owned commercial mortgage services company will offer residential mortgages in Spring 2013. Delta 360 is providing a highly configurable solution for CMLS’ residential mortgage administration including Mortgage Servicing, Mortgage Renewal/Retention Management, Accounts Payable, Municipal Tax Administration and Securitzation.

“Our integrated platform will allow CMLS to minimize their costs and improve the efficiency of managing their residential mortgage business. We look forward to working with CMLS to assist them in realizing the success of their new mortgage offering.”

“We chose the Delta 360 platform for its many new features and how quickly the solution could be brought to market,” said Chris Brossard, CEO, CMLS Financial. “We also were impressed by the technological advances the platform provides and how easily we could integrate it into our existing systems."

“When CMLS goes live later this Spring, it will be supported by the latest innovations from the LMS360 end-to-end mortgage platform,” said Derek Cook, President of Delta 360. “Our integrated platform will allow CMLS to minimize their costs and improve the efficiency of managing their residential mortgage business. We look forward to working with CMLS to assist them in realizing the success of their new mortgage offering.”

About Delta 360
Delta 360 Inc. is a superior mortgage and lending software solutions provider to the Canadian financial industry. Founded in 2005 by the leading solutions design team of Bill Rudzitis and Derek Cook, Delta 360 implements configurable solutions for Canadian lenders by offering integrated platforms or “play and plug” modules for loan underwriting, servicing and securitizing mortgages. The Delta 360 Team also provides a wide range of professional services, such as, consulting and custom solutions and IT strategies, infrastructure implementation, custom development, and project management.

For more information about Delta 360 Inc., visit www.delta360.com

About CMLS Financial
Founded in 1974, CMLS Financial is one of Canada’s largest, independently owned mortgage services companies with offices across the country including Vancouver, Calgary, Toronto, Ottawa, Montreal, and Halifax. Some of Canada’s most prominent banks, investment managers, insurance companies, and pension funds rely on CMLS Financial for a variety of critically important mortgage services. In the past five years alone, our mortgage portfolio under administration has more than tripled. The company currently originates over $2 billion of commercial mortgage investment each year, roughly 8% of the Canadian market, and has a portfolio under administration exceeding $6 billion.

For more information about CMLS Financial please visit, www.cmls.ca