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Movement Mortgage, PrimeLending, Stearns Lending, and New Penn Financial Select Docutech’s Solex eClose

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Lenders Employ Hybrid to Full eClose Capabilities to Advance eMortgage Experience

 

SCOTTSDALE, ARIZ., Sept. 17, 2018 – Docutech, the leading provider of document eSign, eClose and print fulfillment technology, today announced that Movement Mortgage, PrimeLending, Stearns Lending, and New Penn Financial have selected Solex eClose to facilitate a more streamlined, expedited digital mortgage experience.

Movement Mortgage, PrimeLending, Stearns Lending, and New Penn Financial each recognized the benefits of Solex eClose in serving to effectively help them accelerate and streamline the loan process from application to closing and reduce cycle times from closed loan to investor purchase through secure generation, delivery, signature, close, transfer and storage of electronic loan documents. As a complete end-to-end integrated eClosing solutions platform, Solex eClose enables each transaction to be as digital as possible from hybrid eclose capabilities all the way through full eNote eclose functionality.

“EasySign from Movement Mortgage is the next step in our journey to deliver the industry’s best digital experience for homebuyers, real estate agents and loan officers,” says John Third, chief operating officer for Movement Mortgage. “Solex eClose from Docutech helps us provide our clients with the transparent, accessible, timely and secure closing they expect from their lender.”

“At PrimeLending, our focus is clear – to provide the best mortgage experience possible for homeowners,” said Tim Elkins, EVP and CIO, PrimeLending. “Integrating Solex eClose with our digital mortgage platform is a great fit, giving us more ways to deliver the speed, convenience, transparency and security our customers demand and deserve.”

Approved by both Freddie Mac and Fannie Mae for eClosing, eNote and eVault functionality, the Solex eClosing platform, in partnership with Simplifile, provides lenders with a comprehensive integrated eClosing solution, with eSigning efficiencies from initial document generation through post-closing. In addition, the Solex eVault is integrated with the MERS eRegistry for all eNote management transactions.

“At Stearns, we are passionate about providing the best possible customer experience and continually innovating to ensure we that we close loans as fast as possible,” said Uday Devella, CIO, Stearns Lending. “Docutech understands the mission of Stearns Lending and has been with us every step of the way to deliver the best possible document and eSign experience providing efficiencies for our customers and our operations.”

Solex eClose enables lenders to extend the digital setting from the initial delivery of the closing document package to the borrower all the way through to eRecording. Through direct integration with ConformX, Docutech’s dynamic document generation engine, lenders can create accurate, data-driven electronic documents, including eNotes, which are then automatically and electronically delivered to Solex for the borrower to review and (optionally) eSign before closing. From there, Solex enables the closing agent and borrower to complete the closing electronically with full notarization capabilities. Once closing is complete, the necessary documents can be electronically recorded with the county recorder and are then returned to the lender for storage in Docutech’s secure eVault, which supports MERS eRegistry and eDelivery.

“As an organization, New Penn Financial specializes in finding the right loan to fit each of our borrowers and the unique needs they bring with them,” said Dena Kwaschyn, chief fulfillment officer for New Penn Financial. “With the help of Docutech’s Solex eClose, we can provide borrowers with an optimal level of efficiency and convenience while also assisting our organization in better managing the full loan process through a more digital mortgage experience.”

“We couldn’t be more excited to work alongside these innovative lenders as they deliver an electronic closing experience to their customers,” said Amy Brandt, president and CEO of Docutech. “As a company, we strive to remain at the forefront of the industry’s eMortgage evolution by providing lenders with expert guidance and leading-edge technology specifically designed to optimize efficiency and the customer experience.”

 

About Movement Mortgage

Movement Mortgage exists to love and value people by leading a Movement of Change in its industry, corporate culture and communities. Movement funded approximately $13 billion in residential mortgages in 2017 and is the seventh-largest retail mortgage lender in the U.S. Movement is best known for its innovative mortgage process and referable experience, which begins with Upfront Underwriting and a seven-day loan processing goal. The company employs more than 4,000 people, has more than 750 branches in the U.S. and is licensed in 49 states. Its nonprofit organization, the Movement Foundation, has reinvested more than $37 million in communities to date. For more information, visit www.movement.com.

 About PrimeLending

PrimeLending, a PlainsCapital Company, is a proven powerhouse in home lending, combining personal guidance and local expertise with fast service, more choices and the flexibility to meet homeowners’ unique needs. We’re a Top 10 national home lender1 relentlessly focused on empowering our customers to boldly pursue their homeownership goals. Whether they’re looking to buy, refinance or renovate a home, the PrimeLending team works alongside our customers in all 50 states, helping them make smart home financing decisions and have a rewarding experience along the way. Delivering on this promise for more than 30 years, we’re proud to consistently earn a 96% customer satisfaction rating2 and become homeowners’ lender for life. PrimeLending is a wholly owned subsidiary of PlainsCapital Bank, which in turn is a wholly owned subsidiary of Hilltop Holdings Inc. (NYSE: HTH). More information at PrimeLending.com. Equal Housing Lender.

1 As reported by Marketrac, powered by CoreLogic® for purchase units nationally for 2012-2017.

2 Survey administered and managed by an independent third party following loan closing. 96% satisfaction rating refers to the rating our customers give our loan officers. Our loan officers have received a 96% Customer Satisfaction Rating.

About Stearns Lending, LLC

Stearns Lending, LLC is a leading provider of mortgage lending services in Wholesale, Retail, and Strategic Alliances sectors throughout the United States where licenses are held. The company was ranked as the #3 Wholesale Lender nationwide by Inside Mortgage Finance in June of 2018.

Stearns Lending is an equal housing lender and is licensed to conduct business in 49 states and the District of Columbia. Additionally, Stearns Lending is an approved HUD (United States Department of Housing and Urban Development) lender; a Single-Family Issuer for Ginnie Mae (Government National Mortgage Association); an approved Seller/Servicer for Fannie Mae (Federal National Mortgage Association); and an approved Seller/Servicer for Freddie Mac (Federal Home Loan Mortgage Corporation). Stearns Lending is also approved as a VA (United States Department of Veterans Affairs) lender, a USDA (United States Department of Agriculture) lender and is an approved lending institution with FHA (Federal Housing Administration). Stearns Lending, LLC is located at 4 Hutton Centre Drive, 10th Floor, Santa Ana, CA 92707. Company NMLS# 1854.

About New Penn Financial

New Penn Financial® is a leading nationwide lender that brings expertise, extremely competitive rates on a broad portfolio of mortgage products, and exceptional customer service under one roof. Founded in 2008 and licensed in 49 states, the company and its reputation have grown under the guidance of a management team with years of experience in the mortgage industry. New Penn is headquartered in Plymouth Meeting, Pennsylvania and operates offices nationwide. New Penn is a Shellpoint Partners company and now part of the New Residential Investment Corp. family. More information is available at newpennfinancial.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. For more information, visit the company’s website at www.docutech.com or follow them on social media at LinkedIn or Twitter @Docutech.

 

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Docutech Announces Finance of America Mortgage Implementation of ConformX and Solex Platforms

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Lender selects Docutech’s solutions integrated with CloudVirga POS to optimize efficiency, compliance and the borrower experience.

SCOTTSDALE, Ariz., Sept. 13, 2018 –Docutech, the leading provider of document, eSign, eClosing, and print fulfillment technology for mortgage, home equity and consumer lending, announced today that Finance of America Mortgage has implemented their ConformXTM dynamic document generation engine, SolexTM eSign and eDelivery solutions, predatory lending check, and print fulfillment services for use in its branches across the United States. Fully integrated with Cloudvirga’s intelligent point-of-sale (POS) platform, the addition of Docutech’s advanced technology solutions enables Finance of America Mortgage to improve efficiency, compliance and the borrower experience in the face of growing expectations among today’s tech-driven consumers.

Leveraging the combined strength of Docutech’s ConformX dynamic document engine and Cloudvirga’s intelligent POS platform, Finance of America Mortgage is now able to streamline and automate borrower transaction processes for initial disclosures, redisclosures, pre-closing and closing documents. In addition, Finance of America Mortgage can now generate state-specific housing program documents through ConformX, improving efficiency in all states where allowed. ConformX also serves to improve lending compliance and efficiency by providing a complete audit trail and data pushback to the LOS to ensure data integrity and elimination of manual re-entry of borrower information.

“As we look to implement a more efficient, reimagined digital mortgage and realize our Two-X mission of creating an environment for mortgage advisors to double loan production, we needed a dynamic document engine that would automate as much of the document and compliance process as possible,” said Bill Dallas, president of Finance of America Mortgage. “Docutech is helping us to create a faster, friendlier process for our borrowers and partners and continue our progress towards electronic mortgages with its eSign and eDelivery capabilities.”

Leveraging Docutech’s Solex platform for eDelivery, lenders like Finance of America Mortgage are able to review loan documents at their own pace in advance of the closing ceremony to gain a better understanding of the terms of their loan before signing. Once the borrower is ready to sign, Solex eSign provides the convenience of allowing signature anywhere, at any time, from any device.

“Improving the customer experience is a critical priority for lenders,” said Amy Brandt, president and CEO of Docutech. “Docutech’s ConformX dynamic document generation coupled with Solex eSign capabilities enable leading lenders like Finance of America Mortgage to optimize the borrower experience by reducing the time spent between application and closing while also improving operational efficiency and compliance.”

 

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.

 

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Freddie Mac Approves Docutech’s Solex eVault and eClosing Solutions

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SCOTTSDALE, AZ, Sept. 12, 2018 – Docutech, the leading provider of document, eSign, eClose, and print fulfillment technology for mortgage, home equity and consumer lending, announced that their Solex eClose platform has been reviewed and approved by Freddie Mac for eClosing, eVault and eNote capabilities.

Now recognized as an approved eClosing technology solution provider for Freddie Mac, lenders utilizing Docutech’s Solex eClosing solution gain an integrated end-to-end eClosing platform to originate and expedite delivery of eMortgages to the largest secondary loan purchasers.

Through its Solex eClose platform, Docutech enables lenders to accelerate and streamline the loan process from application to closing and reduce cycle times from closed loan to investor purchase through secure generation, delivery, signature, close, transfer, and storage of electronic loan documents.

Solex eClose Capabilities:

  • eNote – MISMO® SMART® Doc version 1.02 eNotes, the standard for GSE delivery
  • eClose –Digital generation and execution of all closing documents
  • eVault – Connectivity to the MERS® eRegistry and eDelivery, including capabilities to register, deliver, transfer and service eNotes

Solex eClosing and eVault enables lenders to securely close and register electronic notes on the MERS eRegistry and deliver them with full confidence that each mortgage satisfies investor requirements.  Leveraging Docutech’s proprietary and enhanced Solex eVault, lenders can securely and automatically store eNotes, register them on the MERS eRegistry and transfer control to investors via secure VPN connectivity to Solex.

“Docutech is honored to have our Solex eClosing solution now also approved by Freddie Mac” said Amy Brandt, president and CEO of Docutech. “With increasing industry adoption of eMortgage technologies coupled with innovative lenders spearheading the process, consumers are increasingly able to enjoy a much more streamlined digital 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.

 

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MortgageOrb Person of the Week – Harry Gardner: E-Signatures Have Bright Future in the Mortgage Industry

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To learn more about the evolution and maturation of e-signature technology and how it continues to revolutionize the digital mortgage, MortgageOrb recently interviewed Harry Gardner, executive vice president of e-strategies for Docutech, a provider of document, e-sign, e-closing and compliance technology for the mortgage, home equity and consumer lending industries.

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Docutech and Floify to Integrate for Streamlined Loan Origination at Point-of-Sale

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SCOTTSDALE, AZ, August 7, 2018 – Docutech, the leading provider of document, eSign, eClose, and print fulfillment technology, announced today an agreement to integrate with Floify, an industry-leading mortgage automation and SaaS point-of-sale (POS) platform, to streamline the generation, delivery and signature of loan disclosures.

The integration between Floify and Docutech will provide lenders and borrowers with a more efficient, digital origination process starting at the point-of-sale. Once integrated, loan data for all new applications entered on a Lender’s website via the Floify POS platform will trigger the creation of loan disclosures through Docutech’s ConformX dynamic doc generation system and eDeliver them to the borrower(s) for eSignature. Lenders will be able to reduce loan origination time and costs and improve data quality through this process. At the same time, borrowers will benefit from quickly receiving disclosures, freeing up time to review this information at their own pace, and conveniently sign electronically from any location, at any time, and on any web-connected device.

“In today’s fast-moving mortgage market, loan originators increasingly desire a comprehensive digital automation solution like Floify to improve the lender-borrower experience,” said Dave Sims, CEO at Floify. “Our partnership and integration with Docutech means our platform now supports disclosures from generation through eSignature, effectively making the mortgage origination process faster, easier and more convenient than ever before.”

Floify will serve as the system of record for loan data used to generate the disclosures. This ensures loan data accuracy, eliminating the need to manually enter data into different systems. Docutech’s ConformX also ensures that all disclosures are compliant with federal, state and local regulations. Working together, the two platforms will enable lenders to streamline and expedite loan originations while improving quality, compliance and customer service.

“Consumers expect convenient, immediate, and customized experiences from the brands they do business with, and mortgage lending is becoming no exception. Docutech is focused on continuing to deliver innovative solutions to lenders through technology integrations that solve key challenges for our industry,” said Amy Brandt, president and CEO of Docutech. “This integration further demonstrates Docutech’s commitment to help drive the mortgage industry’s evolution towards a fully digital loan process.”

 

About Floify

Floify is a digital mortgage point-of-sale solution that streamlines the loan process by providing a secure application, communication, and document portal between lenders, borrowers, referral partners, and other mortgage stakeholders. Loan originators use the platform to collect and verify borrower documentation, track loan progress, communicate with borrowers and real estate agents, and close loans faster. The company is based in Boulder, Colorado and is privately held. For more information about Floify, call (720) 316-8343 or visit https://floify.com.

 About Docutech

Founded in 1991, Idaho Falls, Idaho- and Scottsdale, Arizona-based 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.

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Use Digital Mortgages to Better Member Experiences

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Docutech Further Streamlines Loan Doc Process with New Editor Features in Solex eSign

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Cherry Creek Mortgage implements Solex eSign Editor to improve borrower experience and operational efficiencies.

Docutech, the leading provider of document, eSign, eClose, and print fulfillment technology, today announced its new Editor functionality for Solex eSign, the technology provider’s all-in-one eSignature solution.

 

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AIME Fuse 2018 National Conference

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The AIME Fuse 2018 National Conference, taking place on October 20th at the Bellagio in Las Vegas, is the premier event for independent mortgage experts nationwide. 

​AIME Fuse is your best opportunity for face-to-face interaction, networking, and relationship-building with over 1,000 independent mortgage professionals!

 

Download our solution briefs below to learn more about Docutech technologies.

If you’d like to connect at the event, just request an appointment in the form below.

 

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ACUMA 2018 Conference

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Representatives from Docutech will be attending the 2018 ACUMA Conference – the best mortgage-lending event in the credit union space.

Learn how we’re helping Mountain America Credit Union streamline new account onboarding, and consumer, home equity and short-term mortgage refinance lending processes for its branches across the U.S.

Download our solution briefs below to learn more about Docutech technologies.

If you’d like to connect at the event, just request an appointment in the form below.

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Solex eSign – Now with Editor Features!

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Docutech Further Streamlines Loan Doc Process with  New Editor Features in Solex eSign

Cherry Creek Mortgage implements Solex eSign Editor to improve borrower experience and operational efficiencies

SCOTTSDALE, AZ, July 31, 2018 – Docutech, the leading provider of document, eSign, eClose, and print fulfillment technology, today announced its new Editor functionality for Solex eSign, the technology provider’s all-in-one eSignature solution. With Solex’s new Editor features, lenders can save time and expenses while improving compliance by eliminating the traditional inefficiency associated with separately sending the borrower ancillary documents requiring signature. Now, independently generated lender documents can be enabled for eSignature and delivered to the borrower through a streamlined, digital process.

Designed with efficiency and improved borrower experience in mind, Solex eSign Editor enables lenders to seamlessly add their own documents to eSign packages generated by Docutech’s ConformX document engine and then edit and enable those documents for borrower eSignatures, additional text fields and check box options. As a result, lenders no longer need to send the borrower multiple emails for documents, such as appraisal acknowledgements, change of address addendums and explanatory letters, separate from the loan document package or incur delays and expenses related to ink signatures, scanning, mailing, and document coordination.

Cherry Creek Mortgage recently selected Solex eSign Editor in an effort to optimize the loan process for its borrowers and loan officers alike. Prior to implementing Solex eSign Editor, Cherry Creek Mortgage’s loan officers used multiple systems to eSign documents, which created an inefficient and confusing process. Solex eSign Editor makes the process easier and more intuitive for the originator and the client alike.

“With Docutech, we’re able to provide our borrowers a more streamlined, convenient, and modern, digital way to interact with us,” said Mike Hole, senior vice president and CIO for Cherry Creek Mortgage. “We generate our core loan documents through Docutech’s ConformX dynamic doc gen engine, which is integrated with our LOS and now, with Solex eSign with Editor features, we can attach any additional documents, enable them for eSign, send them directly to the borrower via eDelivery, and securely store the documents with our complete loan doc package.”

“Docutech is passionate about providing lenders, like Cherry Creek Mortgage, and their customers the technology and services needed to streamline operational processes and deliver an outstanding experience,” said Amy Brandt, Docutech’s president and CEO. “In the age of digital transformation, ensuring solution flexibility and ease-of-use is more important than ever.  As such, Docutech recognized that a key pain point for lenders was the difficulty in including custom documents with loan packages and enabling those documents for eSignature. Unlike other eSign technologies, Solex eSign is an all-in-one eSign solution designed with the lender and borrower in mind.”

 

About Docutech

Founded in 1991, Idaho Falls, Idaho- and Scottsdale, Arizona-based 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.

 

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