Toronto, ON, Canada – November 18, 2010: Portfolio+ Inc. is pleased to announce the availability of the Portfolio Plus Interface for Filogix FXLink.
"We implemented the Portfolio Plus Interface for Filogix FXLink to streamline our underwriting processes," said Andrew Moor, President and CEO of Equitable Trust. "From our testing, the Interface has increased productivity by eliminating administrative inputs and allows us to provide more timely communications to our brokers when a deal is submitted."
Portfolio Plus banking software platform enables loan companies, banks, trust companies, credit unions, and other financial organizations to exploit an Open Banking Interface to interconnect de facto financial industry technologies to seize a market advantage.
"The value proposition is very simple", said G. Robert Leeming, President of Portfolio+ Inc. "The Portfolio Plus Interface for Filogix FXLink speeds up business for Equitable Trust, the mortgage broker and the consumer. Everybody wins. This is made possible with our Open Banking Interface for Portfolio Plus, which extends the reach of a financial institution to speed up processing and reduce errors."
Equitable Group Inc. is a niche mortgage lender whose core business is first charge mortgage financing that are offered through its wholly owned subsidiary, The Equitable Trust Company (Equitable Trust). Founded in 1970, Equitable Trust is a federally incorporated trust company that is a CDIC insured deposit taking institution. Equitable Trust serves single family, small and large commercial borrowers, and their mortgage advisors. It also serves the investing public as a provider of Guaranteed Investment Certificates (GICs), being licensed to issue GICs in every province and territory across Canada.
Portfolio+ Inc. connects financial institutions with customers and partners using innovative technologies. Its software solutions and open banking technology are used by financial institutions in Canada, Ireland, and the UK. With its powerful +Open Banking Platform and fully documented APIs, Portfolio+ has the power to connect banks, credit unions, and financial institutions with an evolving ecosystem of financial services technology that is putting everyday customers in control of their financial data.
Located in the Greater Toronto Area (GTA), Portfolio+ is used by 6 of the 7 largest financial institutions in Canada and is a part of Volaris Group Inc.