-Platform’s customizable solutions, current regulatory updates ease disclosure, closing process-
IDAHO FALLS, IDAHO, June 26, 2013 – In a move to simplify the mortgage process and enhance compliance, Tulsa, Okla.-based BOK Financial Corporation has selected DocuTech Corp.’s ConformX software to handle their mortgage origination documents….
The secondary market needs government-sponsored enterprises (GSEs) – Fannie Mae and Freddie Mac – to produce conventional, high quality loans in order to propel the mortgage reform process and fuel the housing recovery. Scott K. Stucky, chief operating officer, explores how past GSE success can evolve into post-meltdown success in an opinion-editorial piece featured on AmericanBanker.com….
DocuTech’s Chief Operations Officer, Scott K. Stucky, published in AMERICAN BANKER Magazine, addresses how GSE’s and the Private Mortgage market need each other for future growth and sustainability.
“It’s been five years since the mortgage meltdown. Mistakes were made and expectations were lowered. …
As the cost of originating a loan has increased in 2013, consumers are shouldering more closing costs. In its quarterly study on closing costs, DocuTech found that the median closing costs in Q1 2013 increased by 0.4 percent from December 2012 to March 2013….
March’s National Mortgage News Compliance Matters blog post, written by Fred Gooch, general counsel and vice president of Compliance, was a continuation of February’s blog post that took a look at the first three Consumer Financial Protection Bureau (CFPB) announced rules….
DocuTech announced in February that the median closing cost among the company’s nationwide lender base decreased by 0.5 percent on a baseline from April to November 2012. The findings are the first of a quarterly tracking effort to highlight how changes in the mortgage industry are impacting the cost for consumers to close loans….
DocuTech has continued its company expansion to meet the growing demands of its partners, customers and the industry by hiring nine new employees in the first couple months of 2013 to support larger lender customers and enhance compliance capabilities.
The new employees contribute to the company’s continued success in the Implementation,…
The Document Preparation Matrix summarizes, state-by-state, the ‘practice of law’ regarding mortgage document preparation. Important research references discussing mortgage document preparation and what actions may constitute the unauthorized practice of law are provided. State guidance can vary widely from stating that a corporation lending money may prepare documents in connection with that loan (Arizona) to requiring that an attorney be involved in a direct or supervisory capacity in drafting or reviewing all documents affecting transfer of title to real property (Delaware). …
January’s National Mortgage News Compliance Matters blog post, written by Fred Gooch, general counsel and vice president of Compliance, centered on the largest milestone of the Consumer Financial Protection Bureau (CFPB) since its inception in January 2011….
DocuTech recently announced that its flagship document compliance software, ConformX, sustained more than 50,000 document preview requests for baseline, stress and burn tests – the results of an in-house scalability test for a large, national lender.
The burn test conducted on ConformX yielded more than 109,000 fulfilled documents,…
On January 10, 2013, the Consumer Finance Protection Bureau (CFPB) issued three final rules implementing various sections of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). These rules will be effective one year from the date of issuance,…
A recent blog post by Fred Gooch, general counsel and vice president of Compliance, was featured on NationalMortgageNews.com. It is the first of a series of monthly compliance-centered pieces that will be available for reading online throughout 2013….
Facing a plethora of proposed rules to simplify the loan origination process and marketplace heading into 2013, the Consumer Financial Protection Bureau (CFPB) launched Project Catalyst in November 2012 to foster consumer-friendly innovation in the marketplace, and to provide efficient,…
As a national provider of compliance and document software, DocuTech is often relied on by the media to explain to consumers how the mortgage industry works. This month, COO Scott K. Stucky participated in a panel of experts with NerdWallet.com,…
DocuTech has had a great year of growth in 2012, wrapping the year up with a 10 percent increase in staff. Even better, we’re anticipating expanding the team at least an additional five percent in the near future….
Following our December 2011 acquisition of Lender Support Systems, Inc.’s (LSSI) Docs3D mortgage document software, 100 percent of Docs3D users have converted to ConformX.
Lenders cited DocuTech’s simple implementation process and easy-to-use, reliable software that automates the importing of loan data without requiring extra data entry and keeps pace with changing compliance rules as reasons why they decided to convert to DocuTech’s document and disclosure software….
Following its December 2011 acquisition of Lender Support Systems, Inc.’s (LSSI) Docs3D mortgage document software, DocuTech, a leader in mortgage compliance services for mortgage documents, has converted 100 percent of Docs3D users to its ConformX software.
Lenders cited DocuTech’s simple implementation process and easy-to-use,…
Ty Jenkins, founder and chief executive officer of DocuTech, and Glenn Stearns, chairman of Stearns Corp. and chief executive officer of a portfolio of financial services companies, including Stearns Lending, Stearns Wholesale,…
In a move to bring more environmentally sustainable practices to the mortgage industry, DocuTech, has implemented a virtual support center in Southern California….
