Reunion Mortgage Originates eMortgages with DocuTech
- Level 1 SMART Docs enable paperless mortgages at lender -
Boston, MA, October 14, 2007
DocuTech Corp. (DocuTech), a leading provider of compliance services and documentation technology for the mortgage industry, announced at MBA’s 94th Annual Convention & Expo that Milpitas, Calif.-based Reunion Mortgage implemented DocuTech’s ConformX® with SMART Docs, a Web-based interface that simplifies the process of preparing, processing and closing paperless mortgages using Category 1 SMART Document eNotes.
According to company officials, Reunion Mortgage chose DocuTech, because its MISMO-approved SMART Docs are an important part of the paperless mortgage process. ConformX’s Category 1 SMART Document eNotes deliver accurate, real-time loan data in a flexible electronic file that streamlines the delivery-to-investor process.
“Reunion Mortgage specializes in paperless mortgages that speed up the loan closing process and save both time and expense,” said Diana Ringer, vice president of Government Lending at Reunion Mortgage. “DocuTech’s ConformX with SMART Docs integrates seamlessly into our existing systems. Loan officers can directly update their loan files, and DocuTech ensures accuracy and compliance with built-in quality controls. Their eNotes allow us to accelerate the funding process, and offer greater customer service.”
ConformX also gives Reunion Mortgage a Web-based interface that turns any Internet connection into a paperless loan origination or closing office. The company can print, e-mail, or post loan documents online from any remote connection location.
“As lenders look to streamline the loan process – minimizing internal resources and maximizing borrower satisfaction – they are transitioning to paperless mortgages,” said Monte Larsen, chief marketing officer at DocuTech. “Using DocuTech’s SMART Docs, a loan can be underwritten and closed in 40 minutes, compared to the multiple day process required by faxing papers. Due to its Web-based capabilities, ConformX helps Reunion Mortgage accelerate the loan process enabling an increase in loan production.”
About Reunion Mortgage
Reunion Mortgage is a residential mortgage lender with headquarters in Northern California. Reunion Mortgage has seven wholesale branches and a correspondent division. The company is licensed in 32 states. For more information, visit the company’s Web site at www.reunionmortgage.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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