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Press release from CNW Group

D+H Licenses TELUS Assyst Real Estate Technology

Wednesday, January 12, 2011

D+H Licenses TELUS Assyst Real Estate Technology16:00 EST Wednesday, January 12, 2011Technology integration will allow D+H to offer lenders an end-to-end solution for residential mortgage dischargesTORONTO, Jan. 12 /CNW/ - D+H, a leading solutions provider to the financial services industry, has entered into a licensing agreement with TELUS Financial Solutions allowing D+H to integrate TELUS Assyst Real Estate's electronic mortgage discharge platform into its existing mortgage discharge solution for lenders. This integration will provide lenders and other participants in the discharge transaction - including lawyers and notaries - with an end-to-end discharge workflow solution that automates what is currently a very manual and paper-intensive process, resulting in quicker processing, reduced errors, and improved customer and client satisfaction. D+H offers comprehensive outsourced program management solutions that assist lenders with mortgage discharges by simplifying the preparation, execution, filing and storage of mortgage discharge documents. By linking together the D+H solution and TELUS Assyst—which allows solicitors and notaries to electronically request mortgage discharges and payouts—the companies will be able to offer a single comprehensive solution that minimizes the need for repeated data entry, benefiting all parties involved in the transaction. Additionally, the solution allows the documents to be electronically generated, executed, and registered."We were very interested in working with TELUS because their technology solution for initiating the mortgage discharge process is proven in the market," said Serge Rivest, Executive Vice President of Sales & Marketing for D+H. "Our solution until now has been more focused on completing the actual activities involved in discharging a residential mortgage. By combining our technologies, we can present our customers with a more robust industry solution that delivers significant incremental value and has great potential to become the new industry standard.""We are delighted that D+H chose TELUS technology for integration with their solution," noted Paul Lepage, Senior Vice President, TELUS Health and Financial Solutions. "Our Assyst Real Estate technology was developed with significant collaboration from both lenders and the legal community and we believe that the opportunity to combine it with D+H's robust workflows for back-end mortgage discharge processing will significantly benefit our customers by both reducing processing errors and more efficiently processing the payout statements and registered discharge documents."Based on 2009 Canadian Mortgage Housing Corporation statistics there were over 1.3 million mortgages originated by financial institutions. It is estimated that this resulted in approximately 1.0 million discharge transactions needing to be prepared and registered.About D+HDavis + Henderson is a leading solutions provider to the financial services marketplace. Founded in 1875, the company today provides innovative programs, technology products and technology based business services to customers who offer chequing accounts, credit card accounts, and personal, commercial, and other lending and leasing products. For more information about D+H, visit www.dhltd.com.About TELUSTELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications company in Canada, with $9.7 billion of annual revenue.TELUS Financial Solutions partners to provide innovative banking solutions leveraging Internet, Mobility & Content to the Canadian Financial Industry servicing Banks, Credit Unions and their Communities of Interest who want to be innovative in the ways they interact with and service the needs of their customers. TELUS' bilingual Assyst Real Estate mortgage solution facilitates instructing, funding and reporting of mortgage loans for lenders and the legal community.For further information: For media inquiries, please contact:Serge Rivest Executive Vice President, Sales & Marketing Davis + Henderson (416) 696-7700 Serge.rivest@dhltd.comJeremy Baxter TELUS Media Relations (604) 643-4059 Jeremy.baxter@telus.com