- Lenders improve efficiency, compliance with precision mortgage documents -
IDAHO FALLS, IDAHO, July 27, 2010 – DocuTech Corp. (DocuTech), a leader in compliance services for mortgage documents, signed 25 new clients, including two of the Top 200 lenders, in the first two quarters of 2010. This marks 14 consecutive quarters of growth for 19-year-old company.
“We are experiencing one of the most trying times in the history of the mortgage industry with regard to meeting regulatory demands and managing numerous operational challenges,” said Scott K. Stucky, COO of DocuTech. “Lenders continue to select DocuTech as the premier provider of compliance document solutions, knowing that we go above and beyond basic document preparation to warranty every loan and provide precise document packages quickly.”
Lenders look to DocuTech for sophisticated, but not complicated, mortgage document tools that seamlessly integrate with existing LOS platforms. ConformX, DocuTech’s flagship product, automatically creates compliant mortgage docs and delivers printed-paper, e-mail and Web posting options from any Internet connection. Lenders using ConformX can customize documents to fulfill state and federal compliance requirements, reduce operational costs and improve productivity.
DocuTech’s HCL/PredCheck helps lenders respond to new regulations governing predatory lending, which recently expanded the definition of high-cost loans and requires additional testing before a loan closes. While the company’s Fulfillment Center supports the efficient printing, distribution and tracking of disclosures, whether they are sent electronically or ordered on paper.
“We offer a precision package to clients, giving them a comprehensive solution and a great advantage over competitors,”said Stucky. “DocuTech’s technology is simple and can draw documents in less than five minutes, while still offering a 100 percent compliance guarantee, which allows us to meet the growing needs of lenders facing complex regulatory changes.”
Since 1991, DocuTech Corp. (DocuTech) has provided outstanding compliance services and documentation technology for the mortgage industry. DocuTech’s software interfaces with leading loan origination systems (LOS) and enables mortgage professionals to generate documents locally. DocuTech manages and secures all information needed for a loan, guaranteeing accuracy, security and compliance. For more information visit the company’s Web site at www.docutechcorp.com.
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