New lending regulations fall under two umbrellas—clarifying what constitutes a higher priced, high-cost or predatory loan and reforming the rules to disclose the costs of a mortgage. To avoid penalties for inadvertently funding a high-cost loan or messing up a disclosure,…
As part of DocuTech’s routine review and maintenance of state law mortgage document requirements, two new standard state Initial Disclosures will print effective 4/29/11.
UT Loan Notice cx15693
Informs borrowers that their mortgage or the servicing of their mortgage many be sold or assigned,…
With 16 years of experience in the mortage industry, DocuTech understands the many layers of compliance that our clients must address to eliminate risk and increase profits….
Since 1991, DocuTech has been providing lenders of all sizes with the compliant, precision document packages needed to close loans quickly and efficiently.
Our customers benefit from an affordable software platform that can generate documents that guaranteed to be compliant with federal,…
The best word to describe the state of the mortgage industry since 2008 is paralysis.
Paralysis may be an odd word to describe an industry that has spent the past three years scrambling to keep borrowers in homes,…
– DocuTech Corp. (DocuTech), a leading provider of mortgage compliance documents, closing documents and initial disclosures for the mortgage industry, announced that Joe Cliver has been named Account Executive for lenders in the Northeast United States….
Who: Pinnacle Capital Mortgage Corp., Roseville, Calif.
Ed Coker, senior vice president of Corporate Operations
When: Pinnacle Capital implemented ConformX and HCL/Predcheck in July 2008.
What: Roseville, Calif.-based Pinnacle Capital Mortgage Corp. selected DocuTech and its ConformX and HCL/Predcheck solutions to automatically generate compliant mortgage loan documents and to detect and correct high cost and predatory loans….
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.”…
Horsham, Pa.-based Gateway Funding Diversified Mortgage Services, LP, a top-200 mortgage lender, implemented DocuTech Corp.’s ConformX to ensure all mortgage documents are in compliance with federal, state and investor guidelines. DocuTech, a leading provider of compliance services and documentation technology for the mortgage industry,…
DocuTech was featured in the MBA Newsletter (NewsLink). Scott Stucky’s article, “Lenders Need Clear Standards to Best Comply with Financial Reform” was highlighted.
Financial reform has been the biggest issue facing lenders this year; the rate of new and revised regulations does not appear to be dropping off anytime soon….
