Earlier this year, DLC Group opted not to renew a contract that allowed Filogix to provide a secure connection between DLC Group’s Newton Velocity deal management system and the lenders on the Filogix network.
After further discussion in July, in the interest of supporting our brokers and lenders, Filogix and DLC Group agreed to keep the connection open until October 31st, 2022 – long enough to complete any in-flight deals.
As that date approaches, we’re sharing details on what you need to know to ensure a seamless switchover.
It’s important to note that if you don’t use Newton Velocity, you can carry on with business as usual. This change in service won’t affect you. And, in any case, there are easy workaround solutions.
- The change affects a small percentage of lenders and brokers, and won’t hurt business
- There are simple ways to prevent any disruption
- Filogix is here to help support a smooth transition
For more detail, review this information sheet, or contact us at 1 800 732 5638 or finastracanada.com/contact-us.