Case Studies
Oceanside Mortgage Company
Oceanside Mortgage Company is a regional mortgage lender based in Forked River, N.J. As Oceanside expanded services to states outside New Jersey, the company required a mortgage compliance document solution capable of meeting the compliance regulations of each state and a strong integration with the company’s updated loan origination software (LOS).
More...Poli Mortgage
Poli Mortgage is a Mass.-based mortgage lender that typically originates more than 200 loans per month – the majority of which are for properties within Massachusetts. Since its founding in 2001, Poli Mortgage had relied primarily on a team of third-party attorneys to manage the production of its mortgage loan documents. Only on rare occasions for out-of-state properties had Poli produced its own documents.
More...Success for Academy Mortgage
With more than 60 offices, Academy Mortgage is one of the largest locally owned mortgage banks in Utah. The company saw 2008 as a growth opportunity, while other financial institutions were struggling. The mortgage banker could not reach this goal, however, with the limitations of its current loan origination automation solution.
More...Loan Volumes Improve for Colorado Capital
Colorado Capital Bank Mortgage, headquartered in Castle Rock, Colorado with assets of more than $700 million, was struggling to keep its mortgage documents compliant and up-to-date with current and changing legislation. Their existing provider was not meeting the bank’s need for customized loan documents, which resulted in fewer loans being completed. Colorado Capital Bank Mortgage needed an efficient, flexible and guaranteed mortgage document compliance system that would satisfy the needs of borrowers and the requirements of investors.
More...First Bank Mortgage Saves Document Response Time
In 2000, First Bank Mortgage, a division of Augusta, Ga.-based First Bank of Georgia, was looking to improve document compliance and maintenance. Their previous provider was not meeting their requirements and could not customize the loan documents to fit First Bank Mortgage’s needs. As a result, First Bank Mortgage began searching for a new provider. At the recommendation of a loan officer with previous experience using DocuTech, First Bank Mortgage examined DocuTech and its document and compliance software.
More...Loan Volumes Increase for imortgage
The nationwide trend of decreasing loan volume and lenders going out of business is hard to ignore. But Scottsdale, Ariz.-based imortgage, closing 1,500 loans per year, is beating the odds. The lender, who has primarily focused on retail and builder purchase business for the past year, knew that the keys to success were a highly focused business plan and reliable, compliant technology to automate the loan process.
More...Shea Mortgage Saves Time Using ConformX
Shea Mortgage (Aliso Viejo, Calif.) is a lender that primarily serves borrowers purchasing homes built by Shea Homes in seven states. When the company decided to outsource document services, they needed a system that would integrate smoothly with their current loan origination system (LOS), Del Mar DataTrac®, and provide security checks for compliance. At the recommendation of Del Mar, Shea Mortgage investigated DocuTech and its compliant mortgage services.
More...GSF Mortgage Corp.
GSF Mortgage Corp. is a full-service mortgage company based in Schaumberg, Ill. with more than 20 locations nationwide. As the company’s loans increased in 2005, GSF became displeased with its previous document provider’s inability to consistently provide updated and compliant documents. As a result, GSF began searching for a new provider. At the recommendation of the lender’s LOS provider, DataTrac®, GSF investigated DocuTech and its ConformX document and compliance solution.
More...Steward Financial Inc.
Steward Financial Inc Closes More Loans Daily with ConformX. Carlsbad, Calif.- based Steward Financial, Inc., a mortgage wholesale lender, needed a document preparation solution that was flexible enough to provide a variety of documents and interface seamlessly with their loan processing software. The lender began looking for a solution that could also easily and securely. In 2005, Steward Financial converted to ConformX, a Web-based solution that transforms an Internet connection into a 24 hour loan origination or closing office, and successfully implemented it. Steward Financial’s challenges were best met with DocuTech’s ConformX, because it could create documents with minimal...
More...Pinnacle Financial: Avid User of DocuTech
In 2003, Pinnacle Financial began evaluating its loan origination system (LOS) and related technologies with an eye on operating efficiencies and integrations. This evaluation included an in depth look at document preparation, which at the time was DocuTech’s DT Classic. A DocuTech customer since 2003, Pinnacle Financial decided to upgrade to ConformX in 2005. ConformX is DocuTech’s Web-based document solution. ConformX accelerates the closing process through document management and by guaranteeing compliance. ConformX can be customized to meet a wide variety of vendor requirements and it insures compliance through automatic calculations, data safeguards and advanced document verification. ConformX works behind the scenes to create full document packages with...
More...Cherry Creek Mortgage Reduces Closing Costs Using ConformX
Founded in 1987, Greenwood Village, Colo.- based Cherry Creek Mortgage, with annual volume of more than $2 billion, sought a customizable loan processing system to improve front end origination and increase overall efficiency. In spring of 2001, Cherry Creek Mortgage purchased ConformX, a Web-based solution that transforms an Internet connection into a 24-hour closing office, and successfully implemented it by fall of that year. Within two months, ConformX was live. As DocuTech provided upgrades, Cherry Creek Mortgage continued to implement improved versions of the software, increasing efficiency with each…
More...Pathway Financial
Southfield, Mich.- based Pathway Financial, LLC, a provider of full line mortgage loans, had a need for an efficient document preparation solution that met with current and future compliance standards and provided a seamless software interface. In June 2004,Pathway Financial purchased ConformX, a Web-based solution that transforms an Internet connection into a 24-hour loan origination or closing office, and successfully implemented it in July 2004. Pathway Financial’s challenges were best met with DocuTech’s ConformX, because it could create Web-based and customized loan documents with a compliance guarantee...
More...First Bank Mortgage Improves HCL/Predatory Lending
With revisions to the Real Estate Settlement Procedures Act (RESPA) and Home Mortgage Disclosure Act (HMDA) going into effect in late 2009, lenders are faced with more complex rules and regulations concerning higher-cost and predatory loans. To help lenders meet this challenge, Idaho Falls, Idaho-based DocuTech, a provider of document compliance services, partnered with Agoura Hills, Calif.-based Interthinx to provide PredCheck, a customizable higher cost loan and predatory lending compliance tool.
More... Back Next“DocuTech's commitment to customer satisfaction has been extremely impressive in all arenas, from providing the latest technology to exemplary customer support. All of our concerns have been resolved immediately, and the support team is always available when we need them.”
