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.”
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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