DocuTech, Black Knight Financial Services Join Forces to Provide Support for Document, Disclosure Compliance for Stearns Lending
Integration between dynamic document platform and LOS helps lender transform fulfillment for wholesale and retail channels
IDAHO FALLS, Idaho–(BUSINESS WIRE)–With new CFPB’s Truth in Lending/RESPA Integrated Disclosure requirements less than a year away, Idaho Falls, Idaho-based DocuTech and Jacksonville, Fla.-based Black Knight Financial Services forged a strategic relationship to provide document and disclosure support to Santa Ana, Calif.-based Stearns Lending, a leading national mortgage lender with retail, wholesale, correspondent, and strategic alliance business channels.
“Compliance is the number-one concern lenders face heading into 2015”
DocuTech, a leading provider of document and compliance services for lenders, built a full integration of its ConformX dynamic document platform into Black Knight Financial Services’ Empower Loan Origination System (LOS). The result of their cooperation helps support Stearns Lending’s efforts to provide compliant documents and disclosures leveraging a simple workflow design. Using ConformX within Empower helps the lender to generate, distribute and track disclosures and closing documents with just a few simple clicks.
“What makes DocuTech’s integration with Black Knight unique is how the two companies have worked together to provide a seamless integration for lenders,” said Glenn Stearns, founder and Chairman of Stearns Lending. “With the complexity of this year’s integrated disclosure reform, lenders are relying even more heavily on third-party vendors to provide support for compliant solutions.”
Stearns added that the ability of ConformX’s dynamic document engine to meet the demands of upcoming disclosure reform and support for electronic documents and signatures as another key factor in their selection.
ConformX, which is fully integrated into the Empower LOS, enables the lender to generate documents with no additional data entry, since the loan data is pulled directly from the database. The software automatically creates mortgage documents and delivers eDelivery, a secure, electronic delivery option, or paper-based fulfillment options, reducing operational costs and improving productivity.
“Compliance is the number-one concern lenders face heading into 2015,” said Ty Jenkins, CEO of DocuTech. “Because of the strength of the relationship we’ve built with Black Knight, DocuTech will be able to help Stearns Lending comply with its document requirements while also providing the tools necessary to improve efficiency by supporting electronic signatures and electronic delivery.”
About Stearns Lending
Headquartered in Santa Ana, California, Stearns Lending, LLC (NMLS # 1854) and its affiliated entities, are celebrating its 25th anniversary of providing exceptional mortgage lending services throughout the United States where licenses are held. Stearns Lending’s business channels include wholesale, retail, correspondent, and strategic alliances. Stearns Lending is currently ranked as #1 Wholesale Lender nationwide by Inside Mortgage Finance and continues to expand as a company overall, making the Inc. 5000 list of Fastest Growing Private Companies in America for a second year in a row. Stearns Lending also has been recognized by Mortgage Technology Magazine as one of its “Top 25 Tech-Savvy Lenders” for three consecutive years (2011, 2012, and 2013). Stearns Lending was named a 2012 Top Work Place by the Orange County Register.
About DocuTech Corp.
Since 1991, DocuTech Corp. 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.
About Black Knight Financial Services, LLC
Black Knight Financial Services, a Fidelity National Financial (NYSE:FNF) company, is the mortgage and finance industries’ leading provider of integrated technology, data and analytics solutions that facilitate and automate many of the business processes across the mortgage lifecycle.
Black Knight Financial Services is committed to being the premier business partner that lenders and servicers rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class technology, services and insight with a relentless commitment to excellence, innovation, integrity and leadership. For more information on Black Knight Financial Services, please visit www.BKFS.com.