In the spirit of providing lenders and borrowers with a more efficient, digital loan origination process, Docutech recently announced an agreement to integrate with mortgage automation and SaaS point-of-sale (POS) platform Floify. The integration of these two technology platforms will streamline the generation, delivery and signature of loan disclosures.
A common pain point for many lenders we speak to is the inability to seamlessly enable electronic delivery and eSignature for every document that needs to be provided to the borrower. Too often, lenders struggle to send additional documents beyond those included in the standard loan doc package, such as appraisal acknowledgments, change of address addendums or explanatory letters, to name a few.
This specific – and common – need led Docutech to innovate document Editor capabilities within Solex eSign.
Recently, we announced that Mountain America Credit Union selected Docutech’s document and eSign technologies to create an even better experience for its members and help them achieve their financial dreams. Specifically, Mountain America Credit Union chose Docutech’s ConformX dynamic document generation engine, Solex eSign and eClose, and print fulfillment services to streamline their new account onboarding, and consumer, home equity and short-term mortgage refinance lending processes.
If you were out enjoying the sun, the beach and the summer in June, it might have been easy to miss some compliance changes and document updates. To help you catch back up, in this month’s compliance recap, we spotlight key lending-related compliance issues and document changes that occurred in June. For more details on any of these important changes, follow the links below to visit our compliance blog.
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.
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.
Our compliance experts have been hard at work, cataloging the rule changes being published by regulators and investors across the country. In this roundup, we offer some compliance news and a number of document changes that occurred in May. For more details on any of these important changes, follow the links below or visit our compliance website.
It seems that most of the attention around digital mortgages has revolved around how non-bank lenders and fintech companies are using innovations to steal marketshare away from more traditional lenders. However, adopting digital mortgage practices can have such a positive impact on member satisfaction that credit unions should more closely examine how they can leverage the innovations to their advantage. This is important because closing on a mortgage is still perceived as a stressful, cumbersome, expensive and lengthy process by many borrowers.
The United States is often referred to as a “melting pot” of languages, cultures and ethnicities. The housing market in the U.S. reflects this description, and Hispanic homeownership is on the rise. This is due to many factors, including the rise in Hispanic household wealth, increasing population growth and continued confidence in the housing market.
