IDS has announced an integration of its mortgage document preparation system, idsDoc with OpenClose’s LenderAssist Web-based, mortgage banking and loan origination software (LOS). OpenClose users can now select the IDS documents they require, and are provided with the desired compliance and/or closing documents through a customized, easy-to-use interface. IDS safeguards inter-system data transfers in an effort to avoid data inconsistencies and the regulatory penalties that can follow. Documents are returned moments later and posted on a secured password protected Web site or sent electronically. OpenClose users generate disclosures and closing documents through IDS without leaving the system.
“The link between LOS and doc prep has become mission-critical, as lenders seek to safeguard data integrity and maintain compliance while preserving the efficiency that technology provides,” said Mark Mackey, executive vice president at IDS. “Through this integration, our mutual customers will be able to seamlessly create fully compliant mortgage documents and can be assured that the data behind those docs has not been compromised.”
“IDS solutions are on the cutting edge of compliance and closing doc provision,” says Rob Pommier, senior vice president business development, OpenClose. “The focus on data integrity from regulatory agencies requires seamless integrations for transfer of data between systems with no room for error. IDS is leading the charge to enhance and safeguard mortgage origination for lenders while expediting the process.”