DocuTech Delivers Improved Workflow and Compliance Benefits with New ConformX® User Interface

- Compliant document service saves lender $40 per file -

Idaho  Falls, Idaho, Aug 25, 2008 - DocuTech Corp. (DocuTech), a leading provider of compliance services and documentation technology for the mortgage industry, announced today the newest release of ConformX®, which generates compliant closing documents from any Internet connection.

The most significant changes to ConformX come in the user interface, which provides lenders more automation and fewer screens to complete closing documents. The upgrade pulls data directly from a lender’s loan origination system (LOS) and runs data integrity, high cost checks and predatory lending checks on the loan. This eliminates the need for repetitive data re-entry and ensures that all loans are properly disclosed and compliant with investor, state or federal requirements. DocuTech’s legal compliance staff automatically updates the program with new regulations, eliminating time-consuming document maintenance.

Kelly Florendo, a loan closer with Denver-based Cherry Creek Mortgage, was one of the testers of the new interface. "The new user-interface will allow us to complete our closing documents even faster than before. If needed, we can get documents to the closing table in 10 minutes," Florendo said. "This efficiency helps our bottom line by getting more loans through with less labor and less cost."

"In a tight economy, lenders need tools that enable their staff to increase volume without increasing costs," said Ty Jenkins, chief executive officer and founder of DocuTech. "ConformX cuts closing costs by integrating directly with loan origination systems and automating closing document tasks in an easy-to-use Web-based interface. In essence, lenders have at their fingertips a 24/7 closing table."

ConformX also supports the shift to electronic and paperless mortgages. The application can generate both eSign PDF documents and Category 1 SMART Documents, the format accepted by Fannie Mae and Mortgage Electronic Registration System. ConformX also reduces the time spent on documents by utilizing electronic delivery for disclosures and sending documents to the title company.

"ConformX’s automation means most users can get closing documents completed in three clicks or less," Jenkins said. "Generating, printing and sending closing documents does not have to be the complex, time-consuming task it used to be. With ConformX, lenders have an easy-to-use, secure and guaranteed compliant tool to complete more loans in less time."

ConformX’s Web-based application eliminates the need for costly and complex software setup. The entire application is hosted in multiple data centers, providing secure, reliable access and control of loan data. Lenders can also customize business controls to enhance security, require high-cost loan checks and ensure that only the needed documents are printed.

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.

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