MCAP Successfully Launches CollectLink

DRN Commerce Inc., Canada?s leading provider of Internet-based collaborative commerce solutions for the financial services industry, announced today that it has completed a successful integration of its CollectLink technology with MCAP Service Corporation. DRN?s knowledge, significant existing client base and support for DRN from their service providers were all key factors in the decision to implement the CollectLink technology.

?Given the rapid growth that MCAP has experienced, we have had a large number of technology implementation projects in the last few years. By all accounts this has been one of the smoothest implementations we have ever completed,? said Jeff Armstrong VP Credit at MCAP. ?We have seen efficiencies and performance improvements almost immediately using the CollectLink default management platform for our defaulted mortgages.?

?We are happy to have a company with the size and complexity of MCAP join us as a client,? said Wayne McLeish President of DRN Commerce Inc. ?We have implemented many new features to assist MCAP in providing online information about default management to its many investors and outsourcing clients and we are pleased with the positive results that MCAP is achieving.?