SAN FRANCISCO, March 2, 2017 /PRNewswire/ -- Capsilon Corporation, a provider of cloud-based enterprise digital mortgage solutions, has been named to the HousingWire 2017 HW TECH100™, HousingWire's annual list of the 100 most innovative technology companies serving the U.S. housing economy. This marks the fourth year in a row that Capsilon has earned this respected industry award.
This year's program set a record for the most nominations ever received for the HW TECH100. To select the 2017 HW TECH100 winners, the HousingWire editorial team evaluated the applicants along six discrete dimensions of innovation including market influence, market potential, unique solution, growth, elegance of implementation, and something else entirely (the "it" factor). And, out of hundreds of nominated companies over the past four years, Capsilon is one of only a handful of companies to be named to the list four years in a row.
In selecting Capsilon, the HousingWire team of editors cited a recent update to the company's flagship product, Capsilon DocVelocity®, which introduced the Capsilon Collaborative Closing Center™, a secure electronic collaboration workspace that speeds the mortgage closing process by enabling lenders and their settlement partners to review, validate and finalize the fee data required to prepare compliant Closing Disclosures as required under TRID. In addition, the editors cited Capsilon's robust growth in both DocVelocity folder activations and employee headcount in 2016.
"Our vision is to transform the mortgage industry from a labor-centric approach to a technology-driven model by providing innovative technology that powers the modern digital mortgage factory," said Sanjeev Malaney, chief executive officer of Capsilon. "By automating key steps in the mortgage manufacturing process, we are helping major lenders increase the velocity of loan production while reducing costs. We are honored that HousingWire has recognized Capsilon for the fourth consecutive year as an innovative technology company that is delivering solutions that address the industry's major challenges."
"The companies in the 2017 HW TECH100 cover the entire mortgage finance spectrum. There's hardly a corner of our industry that hasn't been transformed in some way, either by fintech startups focusing on a specific software need or legacy companies evolving to compete in the new environment," said HousingWire Magazine Editor Sarah Wheeler. "Now more than ever, these companies are delivering the innovation this industry needs to do its most important job: supporting the American Dream."
HousingWire is the nation's most influential industry news source covering the U.S. housing economy, spanning residential mortgage lending, servicing, investments, and real estate operations. The company's news, commentary, magazine content, industry directories, and events give more than one million industry professionals each year the insight they need to make better, more informed business decisions. Learn more at http://www.housingwire.com.
About Capsilon Corporation
Capsilon provides comprehensive digital mortgage solutions that enable mortgage companies to increase productivity and lower costs, while ensuring compliance. The company's flagship product, Capsilon DocVelocity®, is a document imaging and data capture platform built specifically to address the needs of large mortgage companies. Headquartered in San Francisco, Capsilon serves many of the mortgage industry's most innovative companies, including two of the 10 largest residential mortgage lenders in the United States. For more information, visit www.capsilon.com.
DocVelocity® is a registered trademark of Capsilon Corporation. All other marks are the property of their respective owners.
Greg Marek, CMO
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SOURCE Capsilon Corporation