DocuTech and Dynatek Integrate MORvision and ConformX
Partnership Produces Initial Disclosures and Closing Documents
Idaho Falls, Idaho, October 14, 2007
DocuTech, a leading provider of compliance services and documentation technology for the mortgage industry, and Livonia, Mich.-based Dynatek™, an ISGN Company and established leader in mortgage automation, announced the upcoming production release of the integration of DocuTech’s Web-based document solution, ConformX™ with Dynatek’s MORvision™.
The partnership completely integrates ConformX and MORvision. Since the integration is behind the scenes, a MORvision user will now have instant access to the entire suite of ConformX documents including initial disclosures, processing and closing documents. DocuTech has been a member of Dynatek’s Plug-In Partner Network since 2004. This alliance will reduce loan processing time, manual input errors and compliance issues by automatically generating and populating state and federal compliant mortgage documents. With just the click of a button, a user can have a complete document package.
“Dynatek is very excited about this partnership as it expands the number of seamless document options available to our customers, and creates two very distinct offerings” said Dynatek president and CTO, Todd Luhtanen, CMT. “DocuTech’s ConformX system is a great choice for customers that need more flexibility, quicker turn-around for new products, and help managing their mortgage documents.”
Dynatek’s MORvision is a flexible loan origination software system that automates everything from point-of-sale and Web origination through processing, underwriting, closing, secondary tracking and delivery. DocuTech’s ConformX provides a Web-based solution that turns any Internet connection into a paperless loan origination or closing office. Users can print, e-mail, or post loan documents online from any remote connection location.
DocuTech’s document compliance staff ensures that all mortgage document packages are accurate and complete, so lenders will not need a large staff to research new product requirements and assure compliance. This provides lenders with more flexibility and quicker turn-around time when rolling out new products and alleviates the need to manage complex compliance issues in-house.
“We are continually improving the way lenders manage compliance and documents, smoothing the path from initial disclosures to closing” said Monte Larsen, DocuTech’s chief marketing officer. “Our partnership with Dynatek provides lenders the ability to use one system for originating, processing and closing loans, which is increasingly important as the industry pipeline narrows.”
About Dynatek
Founded in 1986 and headquartered in Livonia, Mich., Dynatek has been a leader in mid-market mortgage automation solutions for retail and wholesale lenders for two decades. Dynatek’s MORvision is a flexible solution that automates everything from point-of-sale and web origination through processing, underwriting, closing, secondary tracking and delivery. Dynatek is attributed with a long list of industry innovations including their award-winning Plug-In Partner Network, which seamlessly connects MORvision users to industry partners with just one click; and their unique Control Center, which offers capabilities for eMortgage, business process management, and multi-client support.
In 2007 Dynatek was acquired by ISGN who is assembling the best industry technology, solutions, and services into a single source provider for mortgage lenders. This group provides the mortgage industry with seamless access to a broad array of end-to-end mortgage products and services. For more information on ISGN, log on to www.isgn.com. For more information on Dynatek or to learn more about the benefits of MORvision, call 800.462.5545 or log on to www.dynatek.com.
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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