Capsilon Corporation, a provider of cloud-based document and data management solutions for mortgage lenders, investors and servicers, today announced a remarkable year of growth, innovation and industry recognition in 2015.

With the continued adoption of Capsilon DocVelocity® by some of the country’s largest mortgage companies, the number of DocVelocity folder activations increased by 69 percent in 2015. With revenue growing at a compounded annual rate of 60 percent in the period 2010-2015, the fourth quarter of 2015 marked the 18th consecutive quarter of profitability for Capsilon.

Capsilon continued to deliver innovative technology to the mortgage industry with the introduction of a new version of Capsilon DocVelocity with support for the electronic delivery, signing and vaulting of borrower disclosures and other mortgage-related documents. These new DocVelocity electronic transaction capabilities further Capsilon’s vision of straight-through processing (STP) of mortgage loans by reducing the labor associated with printing, assembling, packaging and shipping documents that need to be signed by borrowers.

Capsilon achieved the following notable highlights in the calendar year 2015:

  • Achieved 69 percent growth in the number of DocVelocity loan folder activations;
  • Grew Capsilon employee headcount by 97 percent;
  • Strengthened the executive team with the addition of enterprise SaaS and financial services sales veteran David Nielsen as senior vice president of sales;
  • Released a new version of DocVelocity with support for electronic transactions, giving users the ability to automatically assemble disclosure packages and email them to borrowers to sign electronically, automating a key step in the mortgage process;
  • Integrated Capsilon DocVelocity with MRG Document Technologies (MRG), a provider of dynamic mortgage document preparation software and compliance, enabling the delivery of disclosure packages that lenders order from MRG directly into the appropriate electronic loan folder within a lender’s instance of Capsilon DocVelocity;
  • Built a Quality Assurance and Compliance Services team, part of the Capsilon Professional Services organization, to assist customers in maximizing the potential of data and documents stored in their DocVelocity loan folders with services including bulk imports of loan files into DocVelocity, backfile conversions from legacy systems, quality control of loan documents, folder indexing and data validation, TRID compliance assistance and more;
  • Became a member of The Electronic Signature and Records Association (ESRA), the premier trade association representing electronic signature adopters and providers;
  • Moved into a new purpose-built headquarters location at the landmark Citigroup Center located at One Sansome Street in the heart of San Francisco’s financial district;
  • Doubled the size of the Capsilon development center located in Pune, India;
  • Expanded the company’s sales, services and support center in Troy, Michigan, increasing the square footage by 94 percent;
  • Opened a new office in Alpharetta, GA to better serve customers in the southeastern region of the United States.

Industry recognition included:

  • Named a 2015 HW TECH100™ honoree for the second consecutive year in HousingWire’s annual look at the most innovative technology firms in the U.S. housing economy;
  • Awarded a Gold Stevie® Award in the Technical Innovation of the Year category at the 13th Annual American Business Awards;
  • Honored as Gold Winner in the Innovations in Technology category at the 7th Annual Golden Bridge Awards.

“2015 was an amazing year for Capsilon as we achieved significant growth in key business metrics, garnered a string of industry accolades and continued to introduce innovative technology that has been embraced by some of the largest mortgage companies in the nation,” said Sanjeev Malaney, chief executive officer of Capsilon. “2016 is already shaping up to be an exciting year for us as more large mortgage companies plan to implement technology that automates key steps within the loan process, reducing labor and leading to an overall reduction in loan production costs.”

About Capsilon Corporation

Capsilon provides comprehensive cloud-based document and data management solutions that enable mortgage lenders, investors and servicers 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.