Flagstar Introduces Digital Doc Platform

Flagstar Bank, Troy, Mich., has announced the general availability of its Digital Document Transfer platform and specification for electronic document exchanges through six mortgage technology companies.The six companies partnering with Flagstar are Advectis Inc., Investor Purchase and Delivery Services Inc., Pyramid Solutions Inc., Stewart Mortgage Information, Tradewinds Mortgage Document Preparation Co., and VirPack. The partners have enhanced their electronic document management products or services to allow for the creation or acceptance of SMART (securable, manageable, archivable, retrievable, and transferable) documents and electronic packages that conform to the DDT specification, Flagstar said. The specification is based on the SMART document format established by the Mortgage Industry Standards Maintenance Organization. Flagstar can be found online at http://www.flagstar.com.