Since 1991, DocuTech has been providing lenders of all sizes with the compliant, precision document packages needed to close loans quickly and efficiently.
Our customers benefit from an affordable software platform that can generate documents that guaranteed to be compliant with federal, state and investor guidelines every time. The technology is sophisticated enough to only print the documents needed for each individual loan, but simple enough to use that loan closers can generate, verify and print documents with as few as three clicks of the mouse.
As you know, ConformX is scalable to meet the needs of any lender. Recently, a couple of the country’s largest lenders have shared their story with DocuTech.
Pinnacle Mortgage Blends Efficiency, Compliance and Precision
Pinnacle Capital Mortgage Corp. operates in 10 states across the Western and Rocky Mountain regions of the United States. When the lender was preparing to open in 2008, they sought a complete mortgage document system to offer precise document packages, guarantee compliance and integrate seamlessly with their loan origination software (LOS), Del Mar DataTrac.
Implementing ConformX and HCL/Predcheck solutions delivered immediate advantages to Pinnacle’s day-to-day procedures. The company experienced the greatest benefits from the operational efficiencies facilitated by DocuTech software.
“The greatest benefit of DocuTech is time-savings””we never have to go back into the system to rework pieces of a doc set or click through 10 tabs to generate docs,” said Coker. “The program eliminates tedious data reentry and truly becomes second nature to work with.”
Another benefit has been the customization needed to only print and produce the documents needed for each loan. Coker said too many other providers provide a library of documents and require the lender to select the proper ones.
“ConformX is incredibly easy to precisely generate only the documents we need, no matter where the loan is being originated or which investor is buying it,” Coker added. “All it takes is clicking through a few screens, updating fees, reviewing HCL/Predcheck and you are all set.”
Coker is especially pleased with DocuTech’s guidance in terms of changing industry regulations. Pinnacle values their constant customer service and highly regards the knowledge and opinions of the company’s staff.
“DocuTech was extremely helpful in assisting with new Good Faith Estimate (GFE) requirements. The company ensured that the system worked to fit our needs and comply with HUD’s intent,” said Coker. “DocuTech is exceptionally responsive and always there to assist us with any question or concern.”
Gateway Funding Ensures Investor and Regulatory Compliance
Horsham, Pa.-based Gateway Funding Diversified Mortgage Services, LP, is one of DocuTech’s newer customers. The lender had previously managed documents in-house, but as the company expanded into more states, the process of updating new regions or complying with new regulations became very time-consuming and tedious. Dan Catinella, Gateway Funding’s director of Information Technology, said that the 2010 changes to the Real Estate Settlement Procedures Act (RESPA) was the final issue that prompted their selection of ConformX.
“While regulatory demands initiated our search for an automated document system, it was DocuTech’s support of investor guidelines that impressed us the most,” Catinella said. “We have a great relationship with our investors, and DocuTech was the only vendor who could automate compliance with investor guidelines in our mortgage documents.”
Catinella also cited ConformX’s ease of use as a factor in selecting the system. He said that loan staff could generate documents with one click and no data entry, since the loan data is pulled directly from Gateway Funding’s loan origination software, INTEGRA Software Systems’ Destiny.
No matter your loan volume, ConformX can help you ensure document compliance. For more information, call us at 800.497.3584 option 3 or e-mail us at firstname.lastname@example.org.