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DocuTech and PCLender.com Form Strategic Alliance, Streamline Mortgage Documents Processing
June 20, 2007, IDAHO FALLS - DocuTech Corp., a leading provider of compliant mortgage documents and services, announced today its strategic alliance with Honolulu-based PCLender.com, a web based software and service solution. The alliance integrates DocuTech's compliant documents with the PCLender.com enterprise mortgage lending system.
PCLender's fully hosted on-demand enterprise lending system, InHouse Mortgage, is scaleable both for small and mid-sized originators and mortgage lenders, delivering real-time electronic loan folder sharing to all parties working on a loan. The integration of DocuTech's ConformX with InHouse Mortgage creates a Web-based solution that transforms an Internet connection into a 24-hour loan origination or closing office. This alliance ensures that users will enjoy secure loan processing with documents that are compliant with all state and federal regulations while enabling an origination and closing process that is quick and accurate for both brokers and lenders.
"PCLender.com was interested in selecting a document provider whose technology could both seamlessly integrate with our enterprise lending system and provide the assurance of compliant and secure document delivery," said Lionel Urban, president of PCLender.com. "ConformX is 100 percent compliant with all government regulations and the company's products are backed by a solid reputation of providing the industry's highest quality loan documents."
DocuTech offers the distinct advantage of enabling PCLender.com customers to create custom document sets for 'generic' loan products, enhancing their secondary marketing delivery options, Urban added.
Paperless processing and seamless integration allow lenders and brokers using InHouse Mortgage with DocuTech's ConformX to benefit from the increased speed with which loans can be originated and processed. This new alliance also makes DocuTech's compliant documents available to brokers, giving them affordable access to the same systems used by larger banks.
"The PCLender.com enterprise lending system enables brokers and lenders to easily input and manage loan data in one easy to use system," said Monte Larsen, CMO of DocuTech. "DocuTech helps customers increase productivity and loan volume with the added security of web-based compliant documents. This alliance will help brokers and lenders close more loans with greater accuracy, and allow every member of the team to work together."
About PCLender
PCLender.com provides web based software and services solutions to mid-sized mortgage bankers. Its mission is to empower lenders to deliver expert mortgage banking services while delivering the highest quality loan product both to the consumer and the capital markets. PCLender.com believes that expertise and quality lending practices equate to the highest level of success for lenders, and our systems and solutions are designed to help them.
Built with increasing compliance and security requirements in mind, the PCLender.com fully hosted enterprise mortgage lending platform, InHouse Mortgage, integrates the functionality of up to eight different systems, offers guaranteed on time implementation, and ensures a best-of-breed experience end-to-end. Its browser-based thin-client architecture secures data at the server, away from laptops and storage devices - allowing mortgage bankers to sleep at night.
InHouse Mortgage enables experienced and emerging mortgage bankers to adapt rapidly in an always-evolving marketplace, managing the complexities of investor compliance while ensuring optimum pricing for a diverse product mix. Further, PCLender.com maintains a secure SAS70 certified data center and operations, and includes security and access rights management tools in its platform. Its low upfront costs and transaction-based pricing help eliminate traditional "barriers to entry for mortgage bankers seeking business process improvements on par with the Fortune 500.
About DocuTech Corp.
Since 1991, DocuTech Corp. (DocuTech) has provided outstanding compliance services and documentation technology for the mortgage industry. To date, DocuTech has the largest, most complete document library in the industry with thousands of customized investor documents, federally and state compliant in all 50 of the United States.
Also a provider of an all-in-one fulfillment center (DocXcel™) that helps companies to increase the number of compliant initial disclosures, printed and mailed, to prospective borrower within government-mandated deadlines.
DocuTech's software interfaces with leading loan origination systems (LOS) and enables mortgage professionals to generate documents locally, which increases efficiency, reduces time, eliminates errors and omissions and provides added convenience to homebuyers. DocuTech manages and secures all information needed for a loan, guaranteeing accuracy, security and compliance. For more information, call 800.497.3584 or visit the company's Web site at www.docutechcorp.com.
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