Financial Crossing Inc., a provider of liability management solutions, and Lydian Data Services LLC, a mortgage fulfillment and delivery outsourcing center, have formed a partnership to provide an end-to-end solution for their common clients. The partnership allows users of the Financial Crossing Liability Manager Platform or Lydian Data Services to have a seamless user experience across both platforms.
The partnership creates a powerful turnkey solution to analyze thousands of lending options from leading financial institutions and recommend deal structures that benefit clients and match their needs, time horizon and appetite for risk at the point of sale, the companies state.
Once a borrower has chosen a loan and submitted it through the Liability Manager system, it is passed to the paperless Lydian environment for processing and fulfillment. The loan originator receives automatic updates in Liability Manager as it passes through each stage of Lydian's processing.