Magazine article Mortgage Banking

Dynatek Partners with Flatirons Capital Management

Magazine article Mortgage Banking

Dynatek Partners with Flatirons Capital Management

Article excerpt

Livonia, Michigan-based Dynatek Inc. has announced the release of its new plug-in to Flatirons Capital Management, St. Cloud, Minnesota.

The plug-in gives Dynatek's MORvision[TM] customers automated access to Flatirons' customized risk-management service. As a result, MORvision lenders that maintain their own warehouse line will now be able to utilize Flatirons' services to help reduce risk within their hedging program and maintain better control over their future revenue stream, according to Todd Luhtanen, Dynatek's president and chief technology officer.

"Dynatek is very excited about this plug-in, as it expands the number of services available to MORvision users and gives them access to a very valuable tool," said Luhtanen. "Risk management and profit margins are especially important in today's marketplace, so we are pleased to be able to offer integrated services that can help our customers neutralize risk and realize additional gains."

The Flatirons Capital Management plug-in helps automate communication between MORvision and Flatirons to ultimately return a number of reports. Report options include pipeline mark to market, shock analysis, pipeline loan-level analysis, mortgage trade detail and option position detail, according to John Ohman, Flatirions' chief executive officer and founder.

"I am really excited about the Dynatek plug-in. The ability to formally integrate the transferring of data from the MORvision system to the Flatirons risk-management system is truly unique," said Ohman. …

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