UBS Approves DocuTech Corp. As a Provider
DocuTech Corp., a provider of compliance services and documentation technology, has been approved by global financial services firm UBS to make loan closing documents available to its correspondents.
UBS Conduit Correspondent Lending will use DocuTech's ConformX, a Web-based software application that simplifies the process of preparing and printing initial disclosures and closing documents.
"UBS Correspondent Lending is committed to providing top-tier mortgage bankers with easy-to-use processes and excellent service," said Geoff Bartakovics, director of business strategy for the UBS unit, in a news release. "DocuTech's services help us fulfill this commitment by providing an easy and efficient way to deliver initial and closing documents to our correspondents."
ConformX's Web-based functionality enables secure delivery of print, e-mail and Web-posting options from the Internet, the company said.
The technology is based on XML (extensible markup language) and MISMO (Mortgage Industry Standards Maintenance Organization) protocols. DocuTech said the technology is compatible with any loan origination software system.
The company said the software is designed to reduce the data entry demands on lenders.
DocuTech also said it has a team of attorneys and legal experts to monitor regulatory and legal changes and make any necessary compliance updates to mortgage documents.
"By providing a seamless interface with UBS Conduit Correspondent Lending, ConformX easily enables the company's mortgage finance division to deliver uncompromised service to its customers in all 50 states," said Althea Cox, executive vice president of sales and marketing for DocuTech Corp. (c) 2007 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com http://www.sourcemedia.com