Skip to main content

Network Funding Enhances Compliance With ConformX
Jan 12, 2015

Houston, Texas-based Network Funding LP has selected DocuTech Corp.’s ConformX to ensure that up-front disclosure documents meet local, state and agency compliance requirements via a strong integration with the lender’s loan origination software (LOS), LendingQB. Network Funding also selected ConformX to provide up-front disclosure fulfillment, combining electronic delivery and printed paper fulfillment operations.

Network Funding noted that DocuTech’s customer service team has been a responsive and accommodating resource throughout the implementation process. “DocuTech’s ConformX enables us to easily generate and deliver up-front disclosure documents with the knowledge that our documents meet the Consumer Financial Protection Bureau’s (CFPB) compliance requirements, as well as local, state and agency standards.”

 “The upcoming RESPA/TILA disclosure reform is an immense challenge and is changing key loan disclosures dramatically,” said Willie Jordan, national operations manager of Network Funding. Network Funding said they expect to rely on DocuTech to navigate and facilitate the upcoming regulatory changes through the document tools, electronic document support and guaranteed compliance DocuTech delivers.  

DocuTech’s flagship software, ConformX, creates compliant mortgage documents and adds digital document capabilities, such as eSignature and eDelivery, all the while providing support for paper-based documents as required. The software generates compliant documents, pulling accurate data directly from the LOS, saving overhead costs and consolidating resources.

“Now is the time for lenders to prepare for the Aug. 15 RESPA/TILA deadline,” said Scott K. Stucky, chief strategy officer of DocuTech. “Network Funding is ahead of the curve by implementing a dynamic document engine that will be ready well in advance of the deadline while also providing the exact documents needed for every situation in a data-secure environment.”

Jan 12, 2015
Mortgage Forbearance Changes Create Challenges for Servicers

65% Of All Plans Would Expire By The End of 2021

Regulation and Compliance
Aug 02, 2021
CFPB Reports Trends In Financial Assistance

The latest developments from this study reveal that most consumers have exited the payment assistance they received at the start of the pandemic.

Analysis and Data
Jul 14, 2021
CFPB Orders GreenSky To Refund $9M In Unauthorized Loans

The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.

Regulation and Compliance
Jul 13, 2021
CFPB Warns Landlords And Consumer Reporting Agencies To Report Accurate Rental Information

Inaccurate rental or eviction information can unfairly block families and individuals from safe, affordable housing.

Regulation and Compliance
Jul 01, 2021
FHFA Mandates Quarterly Fair Lending Reports

FHFA issued orders for all enterprises to submit quarterly Fair Lending Reports with data and information to improve the FHFA’s capabilities. 

Regulation and Compliance
Jul 01, 2021
FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End

The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure that would be prohibited by the CFPB protections for borrowers affected by COVID-19.

Regulation and Compliance
Jun 30, 2021