asdf

FIRST AMERICAN AND DOCUTECH ANNOUNCE AGREEMENT FOR FIRST AMERICAN’S ACQUISITION OF DOCUTECH

Comments Off on FIRST AMERICAN AND DOCUTECH ANNOUNCE AGREEMENT FOR FIRST AMERICAN’S ACQUISITION OF DOCUTECH

Acquisition positions the companies to further improve the consumer experience in real estate transactions and accelerate the evolution of real estate closings—

 

SANTA ANA, Calif., Feb. 13, 2020 – First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, and Docutech, a leading provider of document, eClose and fulfillment technology for the mortgage industry, announced today the signing of an agreement for First American’s acquisition of Docutech.

Founded in 1991, Docutech is a respected industry leader that leverages technology to help financial institutions quickly and accurately provide regulatory-compliant loan documents for mortgage and home equity lending. The company’s innovative solutions are widely used by lenders across the U.S. and have contributed to the industry’s evolution toward a digital real estate closing experience.

“The acquisition of Docutech reflects our steadfast commitment to invest in and grow our core business. Moreover, it demonstrates our dedication to improving the home-buying experience for consumers and driving the digital transformation of the real estate settlement process,” said Dennis J. Gilmore, chief executive officer at First American Financial Corporation. “We’re excited to soon welcome to First American the people of Docutech, a highly respected leader in the document technology solutions industry. Together, we will accelerate the evolution of real estate closings.”

The acquisition of Docutech and its innovative technology complements First American’s existing capabilities and industry-leading property and homeownership data, advancing First American’s ability to provide lender customers with end-to-end digital mortgage and settlement services. Docutech’s technology platform, which is fully integrated with leading third-party and proprietary loan origination systems and reaches more than 175 lenders, deepens First American’s relationships with these industry players.

Docutech’s management team, including President and CEO Amy Brandt, will continue to lead the company’s operations.

“Joining the First American family strengthens our ability to provide products and services that help lenders offer a more digital mortgage experience and adapt to today’s changing business landscape. The Doctutech team will now have enhanced access to First American’s industry-leading property data and its other industry-leading products and services, further enhancing the quality, accuracy and speed of our services,” said Brandt. “Our employees will also benefit by being part of a company named to the Fortune 100 Best Companies to Work For® list four years in a row.”

The acquisition is expected to be accretive to First American’s earnings in 2020. The transaction is expected to close by the end of March, subject to customary closing conditions.

In connection with the transaction, BofA Securities is acting as financial advisor to First American and Raymond James is acting as financial advisor to Docutech.

About First American

            First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889. First American also provides title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; banking, trust and wealth management services; and other related products and services. With total revenue of $5.7 billion in 2018, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2019, First American was named to the Fortune 100 Best Companies to Work For® list for the fourth consecutive year. More information about the company can be found at www.firstam.com.

 About Docutech

Docutech offers a wide range of document technology solutions for mortgage, home equity and consumer lending, from document generation to eDelivery, eSign, eClose and print fulfillment. The company sets the standard in providing market-proven technology and unrivaled customer service to the financial industry. Docutech’s knowledge and solutions empower lending professionals to efficiently produce accurate loan packages in all 50 states to ensure compliance with constantly changing laws and regulations. Docutech was founded in 1991 and, in 2016, partnered with Serent Capital, a private equity firm based in San Francisco and Austin, Texas. For more information, visit the company’s website at www.docutech.com.

 

Forward-Looking Statements

Certain statements made herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and may contain the words “believe,” “anticipate,” “expect,” “intend,” “plan,” “predict,” “estimate,” “project,” “will be,” “will continue,” “will likely result,” or other similar words and phrases or future or conditional verbs such as “will,” “may,” “might,” “should,” “would,” or “could.” 

These forward-looking statements include, without limitation, statements regarding the completion of the transaction and the timing thereof as well as the effects thereof, including the acceleration of the evolution of digital real estate closings and the accretive nature of the acquisition to the company’s earnings. These forward-looking statements are based on current expectations and assumptions that may prove to be incorrect. Risks and uncertainties exist that may cause results to differ materially from those set forth in these forward-looking statements. Factors that could cause the anticipated results to differ from those described in the forward-looking statements include, without limitation:  the failure to obtain necessary governmental or other approvals in a timely fashion or at all; challenges to the proposed transaction or issues related thereto; regulatory-, technology- or business-related challenges or issues pertaining to the evolution of digital real estate closings; and the accuracy of future earnings projections. 

The forward-looking statements speak only as of the date they are made. The company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

#  #  #

 

Media Contact:

Marcus Ginnaty
Corporate Communications
First American Financial Corporation
(714) 250-3298

 

Investor Contact:

Craig Barberio

Investor Relations

First American Financial Corporation
(714) 250-5214

 

 

Origence to Integrate with Docutech’s ConformX and Solex Platforms

Comments Off on Origence to Integrate with Docutech’s ConformX and Solex Platforms

 

SCOTTSDALE, AZ., Feb. 5, 2020 – Docutech, the leading provider of document, eSign, eClose, and digital to print fulfillment technology, today announced an agreement to integrate with Origence®, a leading provider of lending technology and solutions to the financial services industry. Integration of the Origence mortgage lending platform with Docutech’s ConformX™ and Solex™ platforms will allow lenders to generate dynamic loan documents and enable those documents for eDelivery, eSignature, and eClosing capabilities thereby improving the borrower experience and optimizing the lending process.

Designed from the ground up to help lenders embrace digital mortgages, the Origence lending platform is a ground-breaking, end-to-end system that combines powerful point-of-sale and loan origination system tools that accelerate a lender’s loan production and reduce process cycle time while significantly reducing costs. The Origence platform may reduce loan cycle time by upwards of 10 days, increase lender productivity and decrease costs per loan. Through the integration with Docutech, the streamlined workflow for generating, distributing, and signing loan documents and disclosures will help lenders continue to reduce costs per loan while expediting the mortgage process.

“Origence stands apart from other LOS and POS platforms in the market today, laser-focused on delivering a digital platform that improves both the lender’s and borrower’s experience, and powers lenders’ business for years to come,” said Roger Hull, president and chief product officer of Origence.  “Integrating with Docutech’s ConformX dynamic document generation and Solex digital mortgage platforms is a strategic alignment to provide the optimal experience for lenders and their customers.”

By bringing digital automation front and center to the mortgage lending process, the Origence platform solves four common pain points lenders face – sub-optimal pull-through rates, decreased productivity, rising costs and increasing borrower demand for a better mortgage experience.

“Origence’s ability to digitize everything from document processing, compliance checks and being more paired with Docutech’s industry-leading doc gen, eSignature and eClosing technology creates a unique and compelling solution for loan origination,” said Amy Brandt, president and CEO of Docutech. “With lenders competing to offer a true digital mortgage to their customers, this integration brings the industry one step closer to delivering an amazing customer experience.”

 

About Docutech

Docutech offers a wide range of document technology solutions for mortgage, home equity, and consumer lending from document generation to eDelivery, eSign, eClose and print fulfillment. The company sets the standard in providing market-proven technology and unrivaled customer service to the financial industry. Docutech’s knowledge and solutions empower lending professionals to efficiently produce accurate loan packages in all 50 states to ensure compliance with constantly changing laws and regulations. For more information, visit the company’s website at www.docutech.com or follow them on social media at LinkedIn or Twitter @Docutech.

About Origence
Origence is a technology provider dedicated to creating new approaches to the loan origination experience. The company’s enterprise origination solution, the Origence platform, powers mortgage, consumer, and home equity lending for financial institutions. An end-to-end solution, the platform includes marketing automation and POS (point-of-sale) capabilities to deliver greater sales opportunities. By bringing automation front and center to the digital lending process, Origence makes life easier for lenders and consumers alike. The company is headquartered in Irvine, California. For more information, visit www.origence.com. Follow us on Twitter and LinkedIn.

#

Black Knight Information Exchange 2020

Comments Off on Black Knight Information Exchange 2020

For 37 years, Black Knight’s Information Exchange conference has brought together the nation’s top lenders, servicers, and industry experts to collaborate and share ideas. Join us to discover how we can amplify your mortgage process.

(more…)

Ellie Mae Experience 2020

Comments Off on Ellie Mae Experience 2020

Join us at Ellie Mae’s annual user conference, Experience 20. Talk to us about the newest approaches for originating more loans, lowering costs, and reducing time to close.

(more…)

MBA’s Mid-Winter Housing Finance Conference

Comments Off on MBA’s Mid-Winter Housing Finance Conference

MBA’s Mid-Winter Housing Finance Conference is your exclusive opportunity to join senior executives from across the country to discuss pressing issues in real estate finance and shape the future of our industry.

Every March, MBA’s select group of CEOs, presidents, chairmen and executives representing business models of all sizes come together with their peers for critical conversations alongside industry innovators, government leaders and policy experts. Intimate by design, the Mid-Winter Housing Finance Conference provides ample opportunity for peer-to-peer interaction in small, core groups.

Be a part of this exceptional MBA member-only event and ensure that you will hear from and be heard by those at the forefront of mortgage banking.

Quicken Loans Utilizes Docutech’s ConformX Platform

Comments Off on Quicken Loans Utilizes Docutech’s ConformX Platform

SCOTTSDALE, AZ, Jan. 23, 2020 – Docutech, a leading provider of document, eSign, eClose and print fulfillment technology, today announced that Detroit-based Quicken Loans, America’s largest mortgage lender, has gone live with Docutech’s ConformX™ dynamic document engine.

Docutech’s flagship solution, ConformX, was specifically developed to deliver the industry’s first truly dynamic document generation engine, providing a balance of productivity and compliance. Rather than static documents, ConformX integrates with a lender’s loan origination system (LOS) to produce data-driven documents that are dynamically generated and placed into the appropriate package. Every relevant data field is imported, defaulted or automatically populated through rules-based intelligence and calculations to ensure the most streamlined document experience possible. ConformX supports first mortgage, second mortgage and home equity loans – as well as the industry’s growing consumer lending needs.

In late 2015, Quicken Loans introduced Rocket Mortgage, the first fully digital mortgage experience. Now, 98% of all home loans originated by Quicken Loans utilize some aspect of  Rocket Mortgage technology. The integration with ConformX will allow Quicken Loans to more simply generate mortgage documents, helping enhance the lending process.

“As a company driven by providing the best, most client-centric solutions, we are excited to be working with Docutech to implement ConformX,” said Tim Birkmeier, Chief Revenue Officer for Quicken Loans. “Their product allows us to automatically generate documents, eliminating any potential for human error, which helps our clients get to the closing table faster.”

“Docutech’s ConformX engine is the industry’s leading solution for creating document packages and now supports more than 30% of the nation’s total mortgage volume representing over $500B in loan value as measured by the 2019 HMDA report reflecting 2018 volumes,” said Amy Brandt, president and CEO of Docutech. “We are thrilled to support Quicken Loans in providing smart, compliant, and streamlined mortgage origination documents to enable borrowers to benefit from a more efficient and straightforward mortgage experience.”

About Docutech

Docutech offers a wide range of document technology solutions for mortgage, home equity, and consumer lending from document generation to eDelivery, eSign, eClose and print fulfillment. The company sets the standard in providing market-proven technology and unrivaled customer service to the financial industry. Docutech’s knowledge and solutions empower lending professionals to efficiently produce accurate loan packages in all 50 states to ensure compliance with constantly changing laws and regulations. For more information, visit the company’s website at www.docutech.com or follow them on social media at LinkedIn or Twitter @Docutech.

About Quicken Loans

Detroit-based Quicken Loans Inc. is the nation’s largest home mortgage lender. The company closed nearly half a trillion dollars of mortgage volume across all 50 states from 2013 through 2018. Quicken Loans moved its headquarters to downtown Detroit in 2010. Today, Quicken Loans and its Family of Companies employ more than 17,000 full-time team members in Detroit’s urban core. The company generates loan production from web centers located in Detroit, Cleveland and Phoenix. Quicken Loans also operates a centralized loan processing facility in Detroit, as well as its San Diego-based One Reverse Mortgage unit. Quicken Loans ranked highest in the country for customer satisfaction for primary mortgage origination by J.D. Power for the past 10 years, 2010 – 2019, and also ranked highest in the country for customer satisfaction among all mortgage servicers the past six consecutive years, 2014 – 2019.

Quicken Loans was once again named to FORTUNE magazine’s “100 Best Companies to Work For” list in 2019 and has been included in the magazine’s top 1/3rd of companies named to the list for the past 16 consecutive years. In addition, Essence Magazine named Quicken Loans “#1 Place to Work in the Country for African Americans.”

For more information and company news visit QuickenLoans.com/press-room.

 

#

Docutech’s ConformX and Solex Platforms to Integrate with MortgageFlexONE LOS Platform

Comments Off on Docutech’s ConformX and Solex Platforms to Integrate with MortgageFlexONE LOS Platform

 

SCOTTSDALE, AZ, Jan. 16, 2020 – Docutech, the leading provider of document, eSign, eClose, and print fulfillment technology,  announce an agreement of integration for dynamic document and digital mortgage capabilities with MortgageFlex Systems, a leading loan origination software (LOS) and servicing provider. Once live, the integration will enable lenders utilizing MortgageFlexONE to generate loan documents through Docutech’s ConformX™ dynamic document engine and enable relevant documents for eDelivery, eSign, and eClose through Docutech’s Solex™ platform.

“As we continue to grow and extend our reach in the mortgage industry, we’re focused on improving the experience for borrowers while decreasing origination costs, streamlining processes, and improving compliance for lenders,” said MortgageFlex Systems COO, Craig Bechtle. “Integration with Docutech’s industry-leading doc gen, eSignature, and eClosing technology is key to that pursuit.”

MortgageFlexONE is an intuitive system operating on a modern, relational database. The system enables support for both mortgage and consumer lending operations through the entirety of the origination process. Paired with a variety of interfaces, users have heightened security with PPE technology, a graphical workflow tool, and a reporting dashboard building tool.

“We are thrilled to be partnering with MortgageFlex,” said Amy Brandt, president and CEO of Docutech. “MortgageFlexOne’s unique vision and single system of record for all mortgage and consumer loan types aligns well with Docutech’s integrated doc gen and digital mortgage capabilities.  As lenders strive to optimize efficiency and deliver a true digital mortgage to their customers, strategic technology integrations that enable them to do more are critical.”

About Docutech

Docutech offers a wide range of document technology solutions for mortgage, home equity, and consumer lending from document generation to eDelivery, eSign, eClose and print fulfillment. The company sets the standard in providing market-proven technology and unrivaled customer service to the financial industry. Docutech’s knowledge and solutions empower lending professionals to efficiently produce accurate loan packages in all 50 states to ensure compliance with constantly changing laws and regulations. For more information, visit the company’s website at www.docutech.com or follow them on social media at LinkedIn or Twitter @Docutech.

About MortgageFlex:

MortgageFlex Systems was founded in 1980 in Jacksonville, FL for one reason – to simplify mortgage lending. After 38 years, MortgageFlex is still focused on the mortgage industry and are dedicated to providing lenders with smart software solutions. Our mission is to provide retail, wholesale, and corresponding channels with the most cost-effective LOS and servicing software. Services include: 24/7 support, hosting, managed services, and implementation. MortgageFlex Systems looks to cultivate a strong partnership and is dedicated to helping clients reach optimal potential with LOS, MortgageFlexONE- ‘The New Peak of Efficiency.’ www.mortgageflex.com (904) 356-2490.

 

#

Lenders Complete More Than 38,000 Digital Closings with Docutech’s Solex eClosing Platform

Comments Off on Lenders Complete More Than 38,000 Digital Closings with Docutech’s Solex eClosing Platform

SCOTTSDALE, AZ., Jan. 09, 2020 – Kicking off the 2020 mortgage lending year, Docutech announced today that lenders have now utilized the company’s Solex™ eClosing platform to digitally close more than 38,000 loans since the system went live in late 2017. Docutech, the leading provider of document, eSign, eClose, and print fulfillment technology for the mortgage industry, introduced Solex eClosing to provide a seamless digital mortgage closing experience for agents, lenders, and borrowers all through one common platform.

Solex eClosing is a complete end-to-end integrated eClosing solution that enables each mortgage closing transaction to be as digital as possible. Approved by Freddie Mac and Fannie Mae for eClosing, eNote, and eVault functionality, the Solex eClosing platform provides lenders eSigning efficiencies from initial document generation through post-closing, integration with the MERS eRegistry for all eNote management transactions, and soon Remote Online Notarization (RON) through integration with NotaryCam.

“Lenders are competing to deliver a streamlined, convenient digital experience to their customers, said Amy Brandt, president and CEO of Docutech. “Docutech’s Solex eClosing makes it simple for lenders to offer their customers a range of digital closing capabilities from Xpress hybrid to a complete eNote and RON closing experience. With 38,000 eClosings to date, we’re positioned to help lenders understand how to take action now to benefit from operational efficiencies and delight their customers.”

About Docutech

Docutech offers a wide range of document technology solutions for mortgage, home equity, and consumer lending from document generation to eDelivery, eSign, eClose and print fulfillment. The company sets the standard in providing market-proven technology and unrivaled customer service to the financial industry. Docutech’s knowledge and solutions empower lending professionals to efficiently produce accurate loan packages in all 50 states to ensure compliance with constantly changing laws and regulations. For more information, visit the company’s website at www.docutech.com or follow them on social media at LinkedIn or Twitter @Docutech.

#

Docutech Appoints Jamie Mottern as SVP, Partnerships & Strategy

Comments Off on Docutech Appoints Jamie Mottern as SVP, Partnerships & Strategy

 

SCOTTSDALE, AZ., Dec. 16, 2019 – Docutech, the leading provider of document, eSign, eClose, and print fulfillment technology in the mortgage industry, has named Jamie Mottern as its new Senior Vice President of Partnerships & Strategy. Mottern will be responsible for driving revenue growth through integration of Docutech’s capabilities with industry partners and guiding the company’s strategy for creating joint solutions with partners to solve client needs.

Mottern most recently served as Senior Vice President of Vendor Strategy, US Retail Bank and Mortgage, at Citi. At Citi, Mottern worked to negotiate strategic engagements, drive efficiency in onboarding of new vendors and partnered with business leaders to identify outsourcing opportunities with the best providers in the market. Prior to Citi, she served in a variety of leadership roles in healthcare, technology, and management consulting.

“Core to creating a true end-to-end digital mortgage experience is comprehensive integrations with leading LOS, POS and other third-party providers,” said Amy Brandt, president and CEO of Docutech. “Jamie brings the skills and experience needed to identify and cultivate strategic partnerships that will evolve and enhance the mortgage experience and improve efficiencies for lenders and their customers.”

“Docutech’s focus on innovation and an industry-leading product suite creates a dynamic that fosters growth and development within the mortgage space,” said Mottern. “I look forward to building strong partnerships that deliver value to the lenders we serve.”

Mottern is a graduate of Southern Illinois University with a bachelor’s degree in Hospital Administration and a master’s degree in Business Administration with a focus in marketing.

About Docutech

Docutech offers a wide range of document technology solutions for mortgage, home equity, and consumer lending from document generation to eDelivery, eSign, eClose and print fulfillment. The company sets the standard in providing market-proven technology and unrivaled customer service to the financial industry. Docutech’s knowledge and solutions empower lending professionals to efficiently produce accurate loan packages in all 50 states to ensure compliance with constantly changing laws and regulations. For more information, visit the company’s website at www.docutech.com or follow them on social media at LinkedIn or Twitter @Docutech.

 

#