XL Dynamics India is Expanding its Operations in the US Financial Services Space

Mumbai, Maharashtra, India

XL Dynamics India Pvt. Ltd. (XLDI), an emerging player in the US financial services industry, is expanding its products and services portfolio with offerings in the areas of financial products design, risk management, and capital market solutions. XLDI has added a new growth dimension to its already diverse portfolio of services that includes forward mortgages, reverse mortgages, warehouse lending and residential loan servicing for the US market.

In 2007, XLDI collaborated with Sun West Mortgage Company, Inc. to design and launch the Cash Keeper™ - a Jumbo Reverse Mortgage product. The Cash Keeper™ offers unparalleled choices to the senior citizens owning high-value homes. The Cash KeeperTM has been instrumental in filling up a largely unaddressed gap in the US mortgage market. XLDI has enhanced Reversesoft™, its Reverse Mortgage technology platform, to originate and service Cash KeeperTM programs. It also has designed underwriting, closing and quality control processes for the Cash Keeper™ programs.

"As a result of forward thinking, financial products design expertise, mortgage processing capabilities and futuristic technology, XL Dynamics has been able to avoid the current 'credit crunch' and expand its revenue base", said Pavan S. Agarwal, Managing Director.

In 2002, XLDI started as a back-end and technology support to the US mortgage banks. Today the company has grown to a full-fledged financial services operation. The company has developed end-to-end capabilities to process, underwrite, close and fund a variety of Forward and Reverse Mortgage products.

"We offer a wide array of services including mortgage origination, underwriting, closing, post-closing, and capital markets solutions to our customers across US. The next phase of growth is advanced capital markets analytics and delivery into asset based securitization. With this, we expect to grow our sales and bottom line by over 120% by the end of 2008", says Alok Bansal - Chief Operating Officer.

About XL Dynamics India Pvt Ltd.:

XL Dynamics India is a financial services company founded in 2002. It is focused on providing the highest quality financial services to the US financial markets, part of diverse portfolio of services that includes forward mortgages, reverse mortgages, warehouse lending and servicing.

Since the inception, XLDI has been continuously working to offer a wide array of services including Mortgage Origination, Underwriting, Closing, Post-closing, Asset Based Securitization and Capital markets solutions to its customers across US.

Being a technology savvy company, XLDI has also developed its integrated technology platform to bring the best of the banking services and innovative financial products.

About Sun West Mortgage Company, Inc.:

Sun West Mortgage is an FHA and VA approved full service Mortgage Banker for 26 years. Its diversified loan programs include FHA Single Family / Multi Family, VA, Conventional, Niche / Sub-prime, Seconds, FHA Healthcare Facilities, Commercial, and Portfolio Lending. Sun West is one of the few approved direct lenders to provide in-house Underwriting, Funding, and Servicing for the Reverse Mortgage loans.

Source: XL Dynamics India Pvt. Ltd. (Business Wire India)

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