Mortgage document preparation vendor International Document Services, Inc. (IDS) announced it has launched a comprehensive “Resources” Web site within its flagship doc prep system idsDoc. The main feature of the site is a compliance-centric blog authored by IDS Compliance Officer Jonathan Johnson.
“Lenders are being constantly inundated with changes to mortgage regulations, and it’s important for them to educate themselves in order to maintain compliance,” said IDS Executive Vice President Mark Mackey. “By making the knowledge our compliance staff possesses available to clients in an easily digestible format, IDS is making good on its commitment to helping its clients generate zero-defect, fully compliant mortgage docs.”
Recent topics covered in the blog include a comparison of the Consumer Financial Protection Bureau’s eRegulations and issues related to the CFPB’s TILA-RESPA integrated disclosures, such as waivers prior to consummation and “Intent to Proceed” as it relates to applications and fees. In addition to the blog, IDS customers will also have access to compliance resources, product information, software release notes and other IDS-specific resources within the site.
Jon Johnson reflected on the purpose of the new site by saying, “At present, the idsDoc system has more than 15,000 active documents, and while it may be impossible to communicate every change made to our documents, IDS’s compliance team will communicate via the Resources website, in particular the Compliance Updates blog, any changes made to the documents or the idsDoc system that specifically affect all IDS Customers.
“Each blog post also features a general message that reflects on current trends in the industry or other information of interest to the mortgage compliance community,” he added. “I believe that IDS Customers can really benefit from the added communication regarding our services along with the other tools—like the fully interactive State Disclosure Matrix—we're making available on our site."