has announced a partnership with Docutech
that will enable Cloudvirga’s lender customers to work more efficiently, reduce the cost of document compliance and make the home loan experience more convenient for borrowers.
Docutech’s flagship ConformX dynamic document generation engine will integrate seamlessly with Cloudvirga’s digital mortgage platform, pulling data directly from the POS and leveraging rules-based intelligence to automate the creation of accurate and compliant loan disclosures for all 50 states. The combination of Cloudvirga’s comprehensive loan data and Docutech’s built-in compliance checks will give loan officers confidence that loan packages are accurate and compliant from the start.
“By seamlessly combining Cloudvirga’s automated workflow, comprehensive guidelines and calculations for all loan products with Docutech’s comprehensive suite of document and compliance solutions, we’re empowering loan officers to generate disclosures with ease—and to get it right the first time, every time,” said Cloudvirga Co-Founder and Chief Strategy Officer Kyle Kamrooz.
Cloudvirga will also offer Docutech’s Solex eSign and eDelivery functionality. Solex enables borrowers to compliantly review and sign documents using any web-enabled device. When paper delivery of the loan package is required, ConformX print and mail fulfillment service will ensure documents are delivered in the required timeframes.
“Our integration with Cloudvirga enables us to help more loan originators transition away from paper processes that are manual, time-intensive and inflexible in favor of dynamic, technology-enabled processes that streamline operations, improve processing speed and accuracy, reduce cost and delight customers,” said Amy Brandt, President and Chief Operating Officer of Docutech.