IDAHO FALLS, IDAHO, June 28, 2012 – DocuTech Corp. (DocuTech), a leading provider of mortgage compliance documents, closing documents and initial disclosures for the mortgage industry, has again been honored by Mortgage Technology magazine as one of this year’s Top Service Providers….
IDAHO FALLS, IDAHO, June 5, 2012 – Chaska, Minn.-based KleinBank Mortgage, a division of KleinBank, Minnesota’s largest family-owned state bank with assets exceeding $1.5 billion, has enhanced its mortgage document compliance process and reduced the potential for compliance errors encountered during the closing with DocuTech and the company’s flagship product,…
American Banker, May 31, 2012
Before United Community Mortgage Services’ Kathy Weber can even describe how emerging technology is necessary to manage accuracy and compliance for the boatload of new mortgage documents required in the post-crash world, her description of the scope of the corresponding rules makes the argument for her….
IDAHO FALLS, IDAHO, May 30, 2012 – DocuTech Corp. (DocuTech), a leader in compliance services for mortgage documents, has signed 41 new clients, including a Top 25 lender, since the beginning of December 2011. The growth is fueled by DocuTech’s commitment to guaranteed compliance,…
Last month, DocuTech added two new executives who provide leadership in the development of new products and partnerships with leading technology providers in the industry. This month, we would like to introduce you to two new members of the DocuTech team who will be responsible for adding new ConformX users and ensuring their implementations and user experience are smooth and easy….
DocuTech is pleased to announce a LOS Transition Program for its clients designed and implemented by MarketWise Advisors, LLC. MarketWise is a consulting firm that specializes in mortgage technology with a long history in helping mortgage lenders select and implement loan origination systems….
2012 is already looking like an incredibly busy year for all of us here at DocuTech. Fresh on the heels of last year’s acquisition of LSSI, DocuTech has added two new executives to the team.
Gregg Holsapple is the company’s new vice president of Product Management….
On January 4, 2012, President Barack Obama used a recess appointment to appoint Richard Cordray as the first director of the Consumer Financial Protection Bureau (CFPB).
Like many implementations of the Dodd-Frank bill, the use of a recess appointment was controversial….
Bankers as Buyers is an annual report prepared by the William Mills Agency, along with the assistance of analysts and bankers nationwide, “to help financial institutions and those companies serving them validate their strategic IT direction, compare investments in technology by type or direct further research.”
Below are excerpts of the 2012 report concerning compliance and regulatory spending….
Just a quick update on the progress of the combined RESPA/TILA disclosures being vetted by the CFPB. In January the CFPB released two more versions of the settlement statement for public review. These were the 7th and 8th forms sent out for informal review and comment. …
IDAHO FALLS, IDAHO, Feb. 13, 2012 – To support the company’s continuing growth following the acquisition of LSSI in December, DocuTech Corp. (DocuTech), a leader in compliance services for mortgage documents, has opened a new office in Scottsdale,…
DocuTech ended 2011 with a bang by acquiring the assets of Lender Support Systems, Inc.’s (LSSI) Docs3D mortgage document software from parent company, Emphasys Software.
The acquisition of LSSI’s Docs3D software and customer base will enable us to continue growing our existing presence among regional banks and credit unions….
At more than 2,300 pages long, including 250 amendments, the Dodd-Frank legislation will likely see more changes before all is said and done.
DocuTech COO Scott Stucky spoke with reporter Phill Britt on the impact of Qualified Residential Mortgage (QRM) in a November article on the progression of Dodd-Frank:
“Attached to the hip” with QRM is the Qualified Mortgage (QM) – loans that meet minimum underwriting standards to help ensure the consumer has a reasonable ability to repay the obligation,…
To say that 2011 has been an interesting year in the Mortgage Industry is an understatement! With slow origination volume in the 1st 2 quarters of the year, robo signing, new originator compensation rules, the formation of the Consumer Financial Protection Bureau and numerous other challenges it has been busy to say the least. …
Typically when prices drop, retailers see sales rise as consumers take advantage of stronger buying power. But the mortgage market is in a curious place. Interest rates are at historic lows, but sales remain flat. The reasons are many –…
Mortgage rates are at historic lows and so many DocuTech clients are working as fast and furious as they can to help borrowers take advantage of the great deals in the market….
Ask lenders what two issues they spend the most time dealing with, and the answer is often compliance and dealing with the large amounts of paper generated during the mortgage process.
Compliance regulations are constantly changing – and the burden of proving compliance is becoming greater,…
In a move to increase productivity and better support a paperless mortgage office, Orlando, Fla.-based R P Funding converted to DocuTech Corp.’s ConformX® for compliant mortgage documents. The lender selected DocuTech, a leading provider of compliance services and documentation technology for the mortgage industry, due to the full integration with their loan origination software (LOS) and ability to improve closing efficiency and speed by 30 percent.
IDAHO FALLS, IDAHO, Aug. 3, 2011 – DocuTech Corp. (DocuTech), a leader in compliance services for mortgage documents, has once again been recognized by Mortgage Technology magazine as one of the year’s Top Service Providers.
DocuTech met the four major criteria set by Mortgage Technology for inclusion in the listing: continued service and technology advances,…
Every major change to an industry’s regulatory environment comes with a cost. Sometimes the cost is direct and known ahead of time, but often the true cost does not become clear until after implementation….
