Software Providers Partner to Streamline Compliant Document Preparation
COSTA MESA, Calif., and Idaho Falls, Idaho – July 23, 2013 – LendingQB, a provider of end-to-end loan origination software (LOS), and DocuTech, a leading provider of enterprise-class compliant document preparation software, have formed a partnership to integrate their platforms. LendingQB’s browser-based LOS is now seamlessly integrated with DocuTech’s ConformX system, enabling users to compliantly manage all aspects of document preparation directly from within LendingQB’s LOS.
“The new disclosure rules and other regulations make it critical that lenders have an LOS and document system that ensures dynamic, compliant documents for every loan,” stated Scott K. Stucky, COO of DocuTech. “Our long-term strategic partnership with LendingQB allows us to deliver strong compliance and a great deal of value with an extremely tight integration.”
The new integration enables all tasks that would otherwise be performed within DocuTech’s ConformX platform to be completed within LendingQB’s LOS without having to leave the application. All loan data resides in LendingQB, thus eliminating the exchange of potentially inaccurate disclosures that can be out of compliance. The integration removes a cumbersome, time-consuming process to enter or reenter data in the document system, dramatically speeding up the processing of initial disclosures and closing documents. As a result, employees are freed up to focus on other tasks, which requires fewer resources and increases employee productivity.
“Our integration with ConformX took a considerable amount of time and resources to complete such a seamless, bi-directional interface that is delivered on a software-as-a-service (SaaS) basis between our platforms,” said David Colwell, vice president of corporate strategy at LendingQB. Each of our solutions are sophisticated, enterprise-class applications that provide more value and compliance assurance than some of the older document preparation systems on the mortgage market.”
“Upon seeing the integration, there’s a ‘wow factor’ that can’t be described unless one sees the integrations in action. The commonalities that our organizations have made a strategic alliance an ideal fit to service mutual customers. We look forward to collaborating with DocuTech to board new clients,” Colwell added.
The new embedded interface in LendingQB’s LOS is extolled by lenders to effectively and efficiently automate the entire application through a closing process that makes ordering, sending and receiving compliant mortgage documents simple and effortless.
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders—large or small, wholesale or retail, correspondent or Internet-based—with specialized tools that are targeted, customizable and flexible. LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit www.lendingqb.com.
About DocuTech Corp.
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 website at www.docutechcorp.com.
Joe Bowerbank Joanna Braeckel
Profundity Communications, Inc. William Mills Agency