Valeyo and Filogix partner to drive lending efficiencies between mortgage professionals and credit union markets

2020-02-11  |  Toronto, Ontario

Valeyo, a leading solutions provider to the financial services industry, and Filogix, a leading solutions provider for Canadian mortgage origination, are pleased to announce they have formed a strategic partnership to provide an integrated mortgage origination experience to Canadian financial institutions by connecting the Filogix platform to Valeyo’s proprietary system for Retail and Small Business loans origination.

Valeyo and Filogix, both leaders in their respective industries, are committed to delivering innovative solutions to their clients through investment in technology and partnerships. This integration opens up a new channel for indirect lending by creating opportunities and efficiencies between mortgage professionals and credit union lenders in the loan origination process.

“The integration of our platforms provides our credit union partners with opportunity for growth through indirect lending while delivering operational efficiencies, allowing for less time to be spent managing the administration of a mortgage and more time focusing on bolstering relationships with their customers”, says Paul Kachappilly, Valeyo’s Director of Technology. “As Financial Institution’s across the country seek growth through indirect mortgage lending, the importance of strong plug-and-play integration between their indirect origination channels and their loan origination system becomes critical to lowering the cost of delivery and providing a best in class experience.”

“At a time when it is important to be increasing the efficiency of transactions to deliver on ever-evolving customer expectations, we are excited to be partnering with technology-focused providers, like Valeyo, to create solutions that reduce the friction between stakeholders and ultimately improve customer experience,” added Tim Rye, Head of Filogix.

Valeyo’s technology platforms support the highest number of integrations with industry-leading banking systems and third-party providers. Earlier this year, Valeyo announced a 5-year, multi-million dollar investment in its lending technology to drive rapid development, innovation and transformation of its proprietary solutions.

About Valeyo:

Valeyo is a leading Canadian-based business solutions provider to the financial services industry. At Valeyo our focus is on bringing together the right products, solutions and services to help our partners thrive. It’s more than a promise. It’s the foundation of how we work. And for more than 40 years, we have been creating the connections with people, partners and industry to drive collaboration, revenue growth and opportunity for all our partners. For more information, visit www.valeyo.com.

About Filogix:

Filogix provides trusted mortgage lending products that enable the effective management of the sales process from origination through underwriting. As the mortgage landscape continues to change, Filogix is prioritizing advances to support the industry into the future. We’re investing in a more open infrastructure and building connectivity to create a complete mortgage marketplace, helping mortgage professionals do business with more choice, speed and reliability than ever before.

Filogix is owned by Finastra, one of the world’s largest financial technology companies. Formed in 2017 by the combination of Misys and D+H, Finastra builds and deploys innovative, next-generation technology on our open Fusion software architecture and cloud ecosystem. Our scale and geographical reach means that we can serve customers effectively, regardless of their size or location—from global financial institutions to community banks and credit unions.

Media Contact:

Jacqlyn Marcus

Marketing & Communications Manager

P: 416.319.9102

jacqlyn.marcus@valeyo.com