Unparalleled Counterparty Risk Management

Unparalleled Counterparty Risk Management

Dytrix supports the critical risk management requirement of Knowing Your Counterparty (KYC) and ensuring that funds are only transmitted to a validated bank account. Our totally outsourced solution seamlessly integrates with lender Loan Origination Systems to improve productivity and mitigate cybersecurity risks.

  • Simple to integrate into your processes and LOS
  • Securely delivered through a SOC compliant platform
  • Authenticates each counterparty
  • Qualifies counterparty to lender’s specific requirements
  • Validates all wire instructions over a recorded telephone call
  • Delivers material productivity improvements to generate a high ROI

Lowering Lender Costs and Improving Cybersecurity Risk Management

Managing Critical Financial Transaction Elements

Counterparty risk and transaction security are critical elements of doing business in the financial services industry. The rise of cybersecurity threats, phishing scams, social engineering tactics, and compromised emails create a worldwide risk in financial transactions. Since loan and real estate transactions involve substantial amounts of immediately useable funds, transaction participants have been subjected to continual fraud attempts with reported losses totaling billions of dollars according to the FBI.

Know Your Counterparty

At Dytrix, we strive to stay ahead of all cybersecurity threats. We mitigate counterparty risk management to ensure secure transactions for lenders and support the regulatory requirement of knowing your counterparty (“KYC”). Counterparties are authenticated and uniquely qualified to individual lender/client requirements. We assume every third-party email is likely fraudulent. No more failed closings, no disappointed customers, no risk of misdirected funds – just happy customers, lower counterparty risk.

Significant Productivity Improvements

Since Dytrix uniquely qualifies closing agents to individual lender requirements, lenders can enjoy substantial productivity gains that drive important cost improvements directly to loan manufacturing and treasury management costs. Dytrix experienced mortgage bankers understand first-hand that lowering costs is just as a important as protecting against wire fraud and meeting KYC requirements.
The Dytrix transaction report provides the qualified closing agent data and supporting documentation including insurance declarations and validated wire instructions directly into the lender’s Loan Origination System.

This complete KYC package reduces tasks and costly personnel time while also covering wire fraud risk.
The following chart demonstrates the substantial impact to loan manufacturing costs for a client closing 2,000 loans a month.

Note the net benefit generates material productivity cost savings in the first program year and $1.75 million over 5 years.  These savings are based on actual client experience of reduced staff time performing all related functions to qualify a closing agent and validate the wire instructions.

Talk to us about your business profile today and see how we can improve your bottom line while covering wire fraud risks.


Secure Closing Transaction Support – On Time – Every Time


Dytrix supports the critical risk management requirement of Knowing Your Counterparty (KYC).  Our totally outsourced solution seamlessly integrates with lender Loan Origination Systems to mitigate cybersecurity risks and improve productivity.

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