- Lenders improve efficiency, compliance with precision mortgage documents -
If you listen to the news, you might be forgiven for assuming that everything in the mortgage industry is still gloom and doom. While there are challenges, there are also countless lenders, vendors and individuals successfully navigating the regulatory environment, funding loans and getting consumers into the home of their dreams.
Thanks to your business, DocuTech has also continued to grow. In the past six months, DocuTech has signed 41 new clients, including a Top 25 lender. The growth is fueled by DocuTech’s commitment to your guaranteed compliance, dynamic mortgage documents and an easy-to-use interface with the industry’s leading loan origination software (LOS) systems.
One of those new customers is Chaska, Minn.-based KleinBank Mortgage, a division of KleinBank, Minnesota’s largest family-owned state bank with assets exceeding $1.5 billion. KleinBank Mortgage’s decision to implement ConformX came on the heels of DocuTech’s acquisition of LSSI in late 2011, the financial institution’s prior document services provider.
KleinBank Mortgage was thoroughly impressed with the updated look and feel of the product and of DocuTech’s financial stability and company growth as a result of the LSSI acquisition. KleinBank also cited the solution’s enhanced rules engine and thorough compliance checks as key factors in the decision to work with DocuTech.
“We chose to partner with DocuTech, in large part, because of their compliance guarantee, which takes into consideration every regulation and law applicable to each loan document,” said Stephen Spears, market president for fee-based businesses at KleinBank. “The compliance checks ConformX performs alert us to any errors in the loan document, which saves us from wasting time moving forward with an incorrect document and prevents us from encountering problems at the closing table.”
Spears added that DocuTech’s customer support representatives have been extremely helpful to him and the rest of the KleinBank Mortgage team throughout the initial implementation process and beyond.
“The DocuTech representatives I’ve had the pleasure of encountering have been absolutely phenomenal to work with,” continued Spears. “Each customer support representative has bent over backwards to ensure each of our needs are met and that we fully understand how to best utilize the ConformX software.”
“As regulatory demands continue to change and become more burdensome by the month, lenders are struggling to manage their compliance needs on their own,” said Scott K. Stucky, COO of DocuTech. “Lenders rely on DocuTech as the premier provider of compliance document solutions, knowing that we actively work to go beyond basic document preparation to provide precise document packages that fit each investor and product’s guidelines quickly and efficiently. This allows lenders to focus on what they do best, getting capital to borrowers in the housing market.
Download DocuTech Adds 41 New Clients During Past Six Months - Follow Up as an Adobe PDF file.