DocuTech, a provider of mortgage compliance services and documentation technology, has partnered with Wipro Gallagher Solutions (WGS), a provider of loan origination software (LOS) and origination services to the lending industry, to provide complete mortgage document compliance services in WGS’s suite of loan origination systems, including NetOxygen Cirrus. The integration enables lenders to easily generate compliant documents and disclosures from any Web connection.
NetOxygen Cirrus is a Web-based LOS that enables lenders to take advantage of a streamlined service to enter, monitor and maintain loans through a scalable platform hosted by WGS. The integration with DocuTech’s ConformX allows for the streamlined deployment of an end-to end, enterprise wide LOS at a reduced cost to a traditional implementation. This integration also provides users with internal compliance and document services, including support for disclosures, enabling lenders to confidently navigate the large number of regulatory and compliance issues the industry is dealing with today. DocuTech’s compliance staff backs ConformX by monitoring and updating the program to ensure all closing document and disclosure packages are accurate and compliant.
“With new regulations from national and state legislatures hitting the streets each month, it is crucial that our lenders have immediate access to accurate documents,” said Sriram Srinivasan, global head, banking practice, Wipro Technologies. “The partnership with DocuTech provides that accuracy and guaranteed compliance while helping us deploy the updates quickly through online updates.”
NetOxygen Cirrus contains robust functionality for lead management, integrated vendor services and workflow management, all of which contribute to automating and managing the mortgage process. The NetOxygen Cirrus workflow management feature employs predefined business rules to handle even the most complex lending scenarios by anticipating each step of the lending process to take the guesswork out of processing loans.
ConformX securely delivers printed-paper, e-mail and Web-posting document options from any Internet location around the world. Lenders can also customize business process rules to meet state and federal requirements, enhance security, require high-cost loan checks and ensure that only the needed documents are printed.
“Mid-sized lenders are seeing the advantages that hosted software provides – faster speed, more security and lower cost,” said Ty Jenkins, CEO for DocuTech. “ConformX makes any computer or laptop a closing table by delivering compliant disclosures and documents through a secure Web connection.”
For more information, visit www.docutechcorp.com or www.gogallagher.com.