DocuTech Adds Customers, Expands Products for 2008
Orlando, Fla., Jan. 28, 2008
Idaho Falls, Idaho-based DocuTech Corp. (DocuTech), a leader in document and compliance services for the mortgage industry, announced at the 11th Annual Mortgage Technology Conference presented by SourceMedia that the company added 14 new clients during the fourth quarter of 2007, laying the foundation for a strong 2008. The company also made significant improvements to its product offerings in 2007, added strategic partners and management team members.
DocuTech continues to be a leader in supporting eMortgages. In October, Milpitas, Calif.-based Reunion Mortgage, one of 14 customers added in the last quarter of 2007, signed with DocuTech to provide all of their eMortgage document support. Reunion chose DocuTech because of its MISMO-compliant SMART Docs, which integrate seamlessly into Reunion’s existing systems and will support future eMortgage initiatives.
DocuTech’s release of ConformX® 3.10 simplified the management of prepayment penalty configurations within the company’s flagship product. The addition of this service allows users to automatically manage their rules for prepayment penalties in loans. It contains more than 500 standard prepayment configurations and can be customized to each client’s requirements.
Alliances with several mortgage service vendors strengthened the company’s customer base and product offerings. In June, DocuTech and Honolulu-based PCLender.com, a Web-based software and service solution, integrated PCLender.com’s hosted on-demand enterprise lending system InHouse Mortgage with DocuTech’s compliant documents.
DocuTech further increased its reach by expanding its integration with Livonia, Mich.-based Dynatek’s MORvision™. The partnership has resulted in instant access for Dynatek customers to the entire suite of ConformX documents. DocuTech also partnered with Mountain View, Calif.-based Xetus in March to make the origination and closing process faster for brokers.
During 2007, DocuTech enhanced its management team. Monte Larsen was hired as chief marketing officer, where he oversees the product management division, Australian business unit and all marketing initiatives. Scott Stucky joined DocuTech as executive vice president of Sales; he manages the national sales team that supplies documents and compliance services to lenders and directs business development.
About DocuTech
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.
Download "DocuTech 2007 Recap" press release as an Adobe PDF file
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“DocuTech offers an array of compliant and guaranteed documents that greatly enhances our procedures and methods and works better with our LOS than our last provider.”
