DocuTech Corporation, a provider of mortgage compliance documents, closing documents and initial disclosures for the mortgage industry, and Axacore, a privately-held provider of document imaging, fax and messaging solutions that are supported by high-performance web servers and browser interfaces, have formalized a business partnership that saves time and trims overhead for lenders.
“We have found that working with these two firms enables us to gather the information we need to complete a loan faster, to produce docs, and to manage thousands of origination files with an electronic document management system,” said Jerry Schiano, president and chief executive officer at New Penn Financial. “These intuitive, easy-to-use systems allow us to provide a better experience for borrowers, generate docs, help to keep us compliant with regulations, reduce our costs, and provide a quick return on investment.”
Many lenders have gained the benefits of DocuTech and Axacore working together to bring efficiencies to their operations. The relationship is important because it will benefit clients through reduced overhead and improved service levels.
“The combination of Axacore’s industry standard electronic document management system and our document services and compliance solutions brought efficiencies and improved workflow that helped reduce costs for many lenders,” said Scott Stuckey, chief operating officer of DocuTech.
“The goal was to ensure that we make available to clients everything we can to help them fatten their bottom lines through faster turnaround times, improved efficiencies and removing paper from the loan origination process,” said Steve Steve DeBlasio, national sales manager for Axacore. “We systematically capture and index DocuTech documents allowing simple and efficient version control of critical documents including GFEs and TILs.”