Comments Off on Docutech is Now First American Docutech
—Company unites document technologies with settlement services to accelerate real estate closings—
Docutech is now officially rebranded to First American Docutech, following First American’s acquisition of the company in March. By uniting the leaders in title and settlement and document services technology, First American has created a unique opportunity to reimagine the digital closing process. The combined offering enables lenders and settlement agents to accelerate closings by digitizing and streamlining the creation, delivery, execution and perfection of mortgage documents.
“The brand transition to First American Docutech marks an important milestone in First American’s commitment to driving the digital transformation of the real estate settlement process,” said Kevin Wall, executive vice president, First American Title Insurance Company. “It signifies our goal to deliver an end-to-end digital mortgage with particular emphasis on the closing process, which, in turn, improves the experience for all parties—consumers, lenders and settlement agents.”
Digital transformation has been widely implemented on the front end of the real estate transaction, but the complex closing process presents unique challenges to overcome. Lenders and lender-based technologies have not been able to solve these challenges alone. First American Docutech reflects the recognition of how important collaboration and process optimization between lenders and settlement providers is in moving the digital transformation of real estate transactions forward.
“We’re in a unique position as the first provider to create a collaborative eClosing technology solution for both the loan officer and the escrow officer. We want to ensure that the digital collaboration between the two is simple and practical,” said Wall. “We understand that optimizing efficiencies throughout the loan lifecycle and reducing origination costs can help make the dream of homeownership a reality for more Americans.”
“While we are thrilled to bring together consumers, lenders and settlement agents through innovative digital technologies, we also recognize the challenges lenders face in their digital journey to optimize the entire loan lifecycle,” said Amy Brandt, president of First American Docutech. As part of the holistic First American offering, we make it easier to close loans faster and digitize the entire process by offering the right solution at the right time. First American Docutech provides solutions for each lender’s unique strategy from point-of-sale through post-closing.”
About First American Docutech
First American Docutech, a part of the First American family of companies, provides an end-to-end integrated digital mortgage experience that enables lenders to accelerate the real estate closing process. The company digitizes and streamlines the creation, delivery, execution and perfection of mortgage documents. First American Docutech sets the standard in providing market-proven technology and unrivaled customer service to the financial industry. For more information, visit the company’s website at www.firstam.com/docutech or follow them on LinkedIn or Twitter (@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 $6.2 billion in 2019, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2020, First American was named to the Fortune 100 Best Companies to Work For® list for the fifth consecutive year. More information about the company can be found at www.firstam.com.
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Media Contact:
Marcus Ginnaty
Corporate Communications
First American Financial Corporation
(714) 250-3298
Comments Off on The state of e-closings, circa now
The 100 percent, end-to-end digital mortgage experience is something Phil Shoemaker, Home Point Financial’s president of originations, has been advocating for since the early 2000s. With the company processing amounts of data and documents that Shoemaker calls “insane”, further streamlining the loan process by leaning further into e-closings was essential to making the process faster and easier for Home Point, its partners and its clients.
Comments Off on Harry Gardner: RON Has Evolved From a ‘Nice-to-Have’ to ‘Must-Have’ Technology
The COVID-19 crisis has, in many respects, been the watershed moment in which the entire mortgage lending industry must embrace the e-mortgage – including RON – in order to survive. This crisis will no doubt accelerate the passage of RON legislation across all the states, possibly leading to a national standardized model.
Comments Off on Docutech’s ConformX and Solex Platforms Chosen by Kind Lending to Streamline Wholesale Mortgage Process
Docutech™, the leading provider of document, eSign, eClose and digital to print fulfillment technology and a member of the First American family of companies, today announced that Santa Ana, Calif.-based Kind Lending LLC has added Docutech’s™ ConformX™ dynamic document generation engine, Solex™ eDelivery and eSignature platform, and digital-to-print fulfillment services to their offerings. The lender chose Docutech for its strong integration into their loan origination software and efficient workflow to help staff reduce the time from application to closing.
Kind Lending, a new wholesale lender and mortgage banking company led by Glenn Stearns, selected Docutech because of the ability to digitally generate and sign all loan documents from initial disclosures through closing. Brokers, credit unions and banks utilizing the Kind Lending platform will benefit from dynamic documents that streamline operations, improve processing speed and accuracy while reducing operational costs. Borrowers will gain a convenient and consistent digital experience for reviewing and electronically signing loan documents through any device.
“At Kind Lending, we’re taking a modern approach to the lending experience,” said Glenn Stearns, founder and CEO of Kind Lending, LLC. “Docutech’s legacy in the industry, coupled with their spirit of innovation and collaboration, aligns perfectly with our mission to deliver a new and refreshing experience to the mortgage community and their customers.”
Docutech’s ConformX is the industry’s leading solution for creating document packages and currently supports more than 30% of the nation’s total mortgage volume, representing over $500 billion in loan value.[1] The Solex platform, which includes eDelivery, eSignature, eClosing and eVault, has now enabled lenders to eClose more than 100,000 mortgages.
“Glenn is not only a legend in the mortgage industry, he’s quite frankly an outstanding human being with a unique perspective and ability for reinvention,” said Amy Brandt, president of Docutech. “We are thrilled that Glenn and his team have chosen Docutech’s people and our technologies to launch Kind Lending’s offerings and deliver a new wholesale lending experience.”
About Docutech
Docutech, a member of the First American family of companies, offers a wide range of document technology solutions for mortgage and home equity lending, from document generation to eDelivery, eClose and print fulfillment. The company sets the standard in providing market-proven technology and unrivaled customer service to the financial industry. Founded in 1991, 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 Glenn Stearns, Kind Lending
Glenn Stearns is the founder and CEO of Kind Lending, a privately-owned mortgage company headquartered in Santa Ana, California. Stearns is also the founder of Anivive Life Science, Stearns Wholesale, Stearns Holdings, Stearns Ventures, Artemis Holdings, TriVerify, TriMavin, United Housing Services, Inc., and Mortgage Services Providers Holdings. He is an investor in Indi.com and Lender Price and the largest shareholder of California-based Infinity bank. He owns Underdog BBQ in Erie, PA a company he built while filming Discovery Channel’s Undercover Billionaire TV series. Glenn currently speaks to audiences nationwide to educate and inspire entrepreneurs of all ages to pursue their goals through hard work, grit, and never giving up. For additional information, visit: www.kindlending.com
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[1] 2018 loan value volumes as measured by the Home Mortgage Disclosure Act (HMDA)
Comments Off on Solex eClosing Engage gives lenders the insights they need to determine eEligibility for every loan
Docutech, a First American company, provides lenders with a complete and integrated digital mortgage solution that streamlines the complex closing process. Their Solex eClosing Engage platform continues to lead the industry and has now helped lenders close more than 100,000 mortgages electronically.
Comments Off on Docutech’s Solex eClosing Solution Selected by Home Point Financial to Provide Hybrid eClosing Experience
Docutech™, the leading provider of document, eSign, eClose and digital to print fulfillment technology and a member of the First American family of companies, today announced that Home Point Financial, the nation’s second-largest wholesale lender, has added Solex™ eClosing to their offerings. Now, Home Point’s borrowers can close on their mortgage through a hybrid eClosing experience.
With Solex eClosing, Home Point’s borrowers can review their closing package digitally prior to the day of closing, taking the time they need to familiarize themselves with the document prior to signing. On the day of closing, borrowers can eSign most documents in advance of meeting at the closing table, reducing the closing time to mere minutes. Once the closing is complete, all documents are digitized and stored in the Solex eVault.
“This integration is crucial in providing a convenient and streamlined mortgage process, and enabling our borrowers to review and sign the majority of their closing documents from home, which is essential – especially in today’s uncertain environment,” said Phil Shoemaker, Home Point Financial’s President of Originations. “With Docutech’s Solex eClosing platform, our closers, brokers, correspondents, settlement partners and customers all gain important benefits from a more streamlined digital experience.”
Approved by Freddie Mac and Fannie Mae for eClosing, eNote and eVault functionality, the Solex eClosing platform, in partnership with Simplifile, helps to bridge relationships and support for settlement agents and provide a comprehensive integrated eClosing solution. With eSigning efficiencies from initial document generation through post-closing, integration with the MERS eRegistry for all eNote management transactions, and Remote Online Notarization (RON), Solex delivers an end-to-end digital mortgage experience.
“Docutech is committed to digitizing as much of the mortgage process as possible to help lenders optimize the customer experience, while adding operational efficiencies to accelerate the closing process,” said Amy Brandt, President of Docutech. “We are thrilled to be expanding on the services we provide to Home Point to enable a more digital wholesale lending process.”
About Docutech
Docutech, a member of the First American family of companies, offers a wide range of document technology solutions for mortgage and home equity lending, from document generation to eDelivery, eClose and print fulfillment. The company sets the standard in providing market-proven technology and unrivaled customer service to the financial industry. Founded in 1991, 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 Home Point Financial
Home Point is on a mission to create financially healthy, happy homeowners. Our customer-first approach to lending starts with compassionate people that help eliminate the stress of getting a loan and owning a home. Beyond the loan, Home Point empowers customers to get the most value from their home investment by offering expert advice and exclusive savings. Home Point is the second-largest wholesale lender and the 13th largest correspondent lender in the U.S. The company is headquartered in Ann Arbor, MI with nearly 2000 employees and 265,000 serviced customers. For more information, visit www.homepointfinancial.com.
Comments Off on Docutech Completes More Than 100,000 eClosings
SCOTTSDALE, AZ, June 24, 2020 – Docutech™, the leading provider of document, eSign, eClose and digital to print fulfillment technology and a member of the First American family of companies, announced today that lenders have electronically closed more than 100,000 mortgages using their Solex™ eClosing platform. Solex eClosing is an end-to-end integrated eClosing solution that enables each mortgage closing transaction to be as “e” as it can be, in accordance with state and county regulations and investor preferences, through an intelligent eEligibility evaluation.
The Solex platform enables lenders to streamline the origination and closing process by electronically delivering loan documents and enabling digital signatures, eNotarization and eRecording. For lenders offering digital closings, Solex is also approved by Freddie Mac and Fannie Mae for eClosing, eNote, and eVault services.
“If there is a silver lining to the current environment, it is that the industry has rallied together to provide expanded digital mortgage experiences to consumers at a time when they need it most,” said Amy Brandt, president of Docutech. “As a pioneer in providing digital documents and eSignature technologies, Docutech is proud to be working in lock-step with innovative lenders, settlement providers, industry associations, and stakeholders to continue to move the industry towards greater adoption of digital mortgage technologies and eClosing in particular.”
About Docutech
Docutech, a member of the First American family of companies, offers a wide range of document technology solutions for mortgage and home equity lending, from document generation to eDelivery, eClose and print fulfillment. The company sets the standard in providing market-proven technology and unrivaled customer service to the financial industry. Founded in 1991, 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.
Comments Off on Partnerships Aims To Streamline Digital Closings
Docutech, a provider of document, eSign, eClose and digital to print fulfillment technology and a member of the First American family of companies, announced that LendingQB, a provider of SaaS loan origination technology solutions, has integrated Docutech’s Solex eClosing solution to enable digital closing with eClosing, eNote and eVault functionality.
Comments Off on Docutech’s Solex eClosing Chosen by LendingQB, a MeridianLink product, to Streamline Digital Closings
SCOTTSDALE, Ariz.–Docutech™, the leading provider of document, eSign, eClose and digital to print fulfillment technology and a member of the First American family of companies, today announced that LendingQB, a leading provider of SaaS loan origination technology solutions, has integrated Docutech’s Solex™ eClosing solution to enable digital closing with eClosing, eNote and eVault functionality.
“We are excited to partner with Docutech to bring their Solex™ eClosing platform to our clients,” said Tim Nguyen, co-founder and chief strategy officer of MeridianLink. “With Solex eClosing, lenders, borrowers and settlement agents can benefit from a complete digital closing solution to streamline the closing process, while enhancing safety and security for all parties.”
Solex eClosing is an end-to-end integrated eClosing solution that enables each mortgage closing transaction to be as “e” as it can be, in accordance with state and county regulations and investor preferences, through an intelligent eEligibility evaluation. Approved by Freddie Mac and Fannie Mae for eClosing, eNote and eVault functionality, the Solex eClosing platform provides lenders with eSigning efficiencies from initial document generation through post-closing, integration with the MERS eRegistry for all eNote management transactions, and Remote Online Notarization (RON).
LendingQB provides solutions that help mortgage lenders reduce costs, maintain compliance and increase profitability, while still putting their borrowers first. This is a result of LendingQB’s unique approach to loan origination system building — layering its core platform with best-of-breed components to create the ideal solution for each lender.
“Docutech is steadfast in our commitment to accelerate the closing process through technology innovation and strategic integrations,” said Amy Brandt, president of Docutech. “We are thrilled to continue growing our integration with LendingQB through their API to make the vision of end-to-end digital mortgages a reality for lenders and their customers.”
About Docutech
Docutech, a member of the First American family of companies,offers a wide range of document technology solutions for mortgage and home equity lending, from document generation to eDelivery, eClose and print fulfillment. The company sets the standard in providing market-proven technology and unrivaled customer service to the financial industry. Founded in 1991, 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 LendingQB
LendingQB®, a MeridianLink® product, is a SaaS browser-based mortgage loan origination software (LOS) that enables market-leading integrations to provide lenders with a simple, flexible, and innovative workflow. The system’s open-architecture application program interface (API) allows lenders to scale while maximizing efficiency by easily leveraging integrations from more than 250 mortgage service providers.
About MeridianLink
MeridianLink, Inc., developer of the industry’s first multi-channel account opening and loan origination platform, is a leading provider of enterprise business solutions for financial service organizations. The company’s passion for excellence is reflected in its browser-based credit reporting, lending and new account opening/deposit technologies, which all enjoy solid reputations as being cutting edge, reliable and affordable. Based in Costa Mesa, California, MeridianLink is committed to creating smart solutions that deliver real value. For more information, visit www.meridianlink.com.
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