07.12.18

Industry Spotlight: Simplifile

Docutech’s integrations with leading technology providers in the mortgage and consumer lending industry are key to helping us deliver end-to-end solutions that enable lenders to streamline loan origination, reduce costs, and optimize the experience for the borrower.

In our monthly Industry Spotlight blog series, we highlight key relationships that help us to move the industry forward by delivering the most streamlined, accurate, compliant and innovative document experience possible.

This month, we sat down with Simplifile, which helps lenders save time and money while reducing errors by working with settlement agents electronically from pre- to post-closing. Simplifile is working with Docutech to help close the gaps in the electronic mortgage process with its digitally-based settlement service.

View Solex Guide 

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06.28.18

Industry Spotlight: LendingQB

Our strong partnerships with the financial industry’s leading innovators are critical to helping us offer end-to-end solutions that meet lenders’ origination needs. In our new monthly Partner Spotlight series, we’ll shine a light on the relationships that help us deliver the most accurate, compliant and innovative document solutions available.

This month, we sat down with Linn Cook, Director of Sales and Marketing for LendingQB, one of the fastest growing and forward-thinking loan origination software (LOS) providers in the marketplace. Linn shared how LendingQB, with its 100% web-based LOS platform, is working with Docutech to support lenders through the entire loan process from application to post-closing.

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03.29.18

Good News: Consumer Lending is on the Rise

What does a healthy loan portfolio look like? Much like financial advisors counsel investors to diversify their personal investments, banks and credit unions must follow the same advice. Relying too heavily on one loan product puts the institution at risk and leaves valuable growth opportunities for someone else to grab.

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03.22.18

Investing Back into Your Home with HELOC

http://blog.docutech.com/enhancing-the-mortgage-process-with-edocumentsSpring is around the corner, and for many homeowners, it’s time to shake off the winter doldrums and freshen up the home. Often, this means tackling a major remodeling project – possibly a new bathroom, updated kitchen or that dream landscaping project. As the economy remains strong, the appetite for remodeling is growing quickly. The Joint Center for Housing Studies of Harvard University’s Leading Indicator of Remodeling Activity (LIRA) projects that homeowner spending on improvements and repairs will approach $340 billion in 2018, an increase of 7.5 percent from estimated 2017 spending.

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02.22.18

Tapping into the Rising Tide of Home Equity

Part One of a Series on HELOC Lending

What is the most significant generator of wealth for Americans right now? According to the Federal Reserve’s Survey of Consumer Finances, it’s the increasing appreciation of their homes and real estate. The survey found that the median net worth of home owners increased 15 percent since the previous report in 2013, largely due to the rebound in housing values across the country. On the other hand, renters saw their net worth decline five percent in the same period.

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01.25.18

Empowering Your Lending Process with Dynamic Documents

One of the key areas of focus for the Mortgage industry in 2017 that is carrying into 2018 and beyond is the importance on delivering a better overall borrower experience. Lending success in the future will greatly depend upon the ability to deliver a streamlined and digital experience to the customer – one that enables the borrowers to feel more knowledgeable and empowered in the process. That’s what building a more powerful lending enterprise will mean in the year ahead.

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01.18.18

What Does it Take to Generate One Billion Mortgage Documents

How much is one billion? 

One billion seconds would take 31.7 years to pass. A stack of one billion-dollar bills would stretch nearly 68 miles into the sky.

 And for us at Docutech, one billion is the number of mortgage lending documents ConformX, our dynamic document generation engine, has generated since launching in 2004.

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06.29.17

Originations Trends, Will They Continue to Decline?

Recently published data reflects declining originations, however; is a different story beginning to emerge? For example, the Monitor Report recently published by Black Knight Financial Services, showed that overall mortgage originations took a dive by nearly 35 percent in the first quarter of 2017. The report also disclosed other statistics of potential concern, including the fact that refinance originations dropped by 45 percent (a 20 percent drop from last year) and the amount in first-lien mortgages originated decreased by 9 percent to settle at the lowest point since the end of 2014.

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