""DocuTech Corp"":http://www.docutechcorp.com/, an Idaho Falls, Idaho-based provider of compliance services and documentation technology for the[IMAGE]
mortgage industry, recently announced that it signed 25 new clients in the first two quarters of this year, marking 14 consecutive quarters of growth for the 19-year-old company.
""We are experiencing one of the most trying times in the history of the mortgage industry with regard to meeting regulatory demands and managing numerous operational challenges,"" said Scott K. Stucky, COO of DocuTech. ""Lenders continue to select DocuTech as the premier provider of compliance document solutions, knowing that we go above and beyond basic document preparation to warranty every loan and provide precise document packages quickly.""
[COLUMN_BREAK]According to DocuTech, lenders look to the company for sophisticated, but not complicated, mortgage document tools that seamlessly integrate with existing loan origination systems, thus enabling mortgage professionals to generate documents locally.
For example, DocuTech said its flagship product--ConformX--automatically creates compliant mortgage documents and delivers printed-paper, e-mail, and Web posting options from any Internet connection. The company said lenders using this product can customize documents to fulfill state and federal compliance requirements, reduce operational costs, and improve productivity.
In addition, DocuTech said its HCL/PredCheck helps lenders respond to new regulations governing predatory lending, which recently expanded the definition of high-cost loans and requires additional testing before a loan closes. The company said its fulfillment center supports the efficient printing, distribution, and tracking of disclosures, whether they are sent electronically or ordered on paper.
""We offer a precision package to clients, giving them a comprehensive solution and a great advantage over competitors,"" Stucky said. ""DocuTech's technology is simple and can draw documents in less than five minutes, while still offering a 100 percent compliance guarantee, which allows us to meet the growing needs of lenders facing complex regulatory changes.""