Paperless mortgages are hardly new, but many mortgage banks and brokerages remain reluctant to accept them. Skeptics have cited a number of barriers to adopting digital loan documents, from borrower comfort to the perceived complications inherent in certain documents requiring a physical signature….
The CFPB’s disclosure reform, which faces implementation Aug. 1, 2015, consolidates disclosure documents into two forms – The Loan Estimate and The Closing Disclosure. Fred Gooch, General Counsel and Vice President of Compliance,…
In efforts to provide borrowers with simpler disclosure documents, the CFPB announced its “Know Before You Owe” disclosure reform rule on Nov. 20. Frederic Gooch, General Counsel and Vice President of Compliance, examines the rule and integration of the two forms,…
The sophistication of a lender’s document system is crucial in a heightened regulatory environment. Scott K. Stucky, chief operating officer, examines the critical components of documentation, vendor relationships and data integrity for lenders heading into January 2014 in the September issue of Tomorrow’s Mortgage Executive,…
Market changes will tighten credit options for borrowers, but Scott K. Stucky, chief operating officer, believes that if there is enough loan data integrity, some loan product expansion that’s in line with what the economy can support will open up more opportunities for borrowers….
Cover Story in the November issue of Secondary Marketing Executive
The challenge with the Qualified Mortgage (QM) rule and Fannie Mae and Freddie Mac stems from lenders looking to lend outside the rule’s guidelines, but is the risk worth it?…
DocuTech has partnered with Veri-Tax, a supplier of verification and ability-to-pay solutions, to automate the 4506-T IRS verification process in ConformX. This integration will enable ConformX users to submit tax transcript requests through Veri-Tax within the ConformX document software for simple 4506-T fulfillment….
DocuTech and Stearns Lending hosted a luncheon featuring Rep. Paul Ryan (R-Wis.) and 20 mortgage bankers on Tuesday, Oct. 29 in Washington, D.C. The open discussion touched on the negative impact of the Qualified Mortgage (QM) rule on small and mid-sized lenders,…
Congressman Paul Ryan, Housing Wire – We Will Try to Get QM Delayed
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Veri-Tax will automate ConformX income verification feature in support of IRS compliance
IDAHO FALLS, IDAHO, Oct. 24, 2013 – DocuTech Corp., a leading provider of compliance and documentation technology, has partnered with Veri-Tax, a supplier of verification and ability-to-pay solutions,…
Scott K. Stucky explores the lack of basic oversight and accountability one of the most powerful independent federal government agencies is not accustomed to….
Compliance has become what determines the overall success of a mortgage lending company. Maintaining compliance used to be much simpler, but in the post-financial meltdown world, the requirements will cost lenders money, or worse,…
As part of an ongoing government-relation initiative, DocuTech and Glenn Stearns of Stearns Corp., will host a lunch discussion featuring Congressman Paul Ryan on Tuesday, Oct. 29 in Washington, D.C. The lunch, in conjunction with MBA’s 100th Annual Convention and Expo,…
A DocuTech executive advises preparing for a pronounced decrease in volumes as well as new regulations when January hits.
For midsized lenders who have closing times averaging around 21-28 days in length, those closing times could double when the new rules hit,…
Is the CFPB taking a page from the NCAA?
Augusts’ National Mortgage News blog focused on how companies can best mitigate a CFPB examination, taking a page from a recent college football hiccup. Fred Gooch, general counsel and vice president of Compliance,…
Scott K. Stucky, chief operating officer, recently wrote an article for BankNews.com focusing on the industry shift to an electronic mortgage process. Mr. Stucky identifies best practices for banks as they adopt processes in order to seamlessly transition from a static workflow to a streamlined digital workflow….
Is the CFPB taking a page from the NCAA?
Augusts’ National Mortgage News blog focused on how companies can best mitigate a CFPB examination, taking a page from a recent college football hiccup. Fred Gooch, general counsel and vice president of Compliance,…
As part of its annual technology issue, MReport’s August cover story features DocuTech as a game changer in the world of lending technology as mortgage professionals try to adapt, implement and comply with an onset of new rules. DocuTech is also lauded in the article for its 25 percent growth for each of the last three years,…
IDAHO FALLS, IDAHO, July 30, 2013 – DocuTech Corp. has named Frank Colson product manager for the provider of compliance and documentation technology.
Colson is responsible for driving software development lifecycle requirements from ideas to development to market….
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,…
