Framework Inc., Tarrytown, N.Y., and DocuTech Corp., Idaho Falls, Idaho, have announced the formation of a strategic partnership that will provide an automated, universal mortgage fulfillment and documentation system for lenders.Framework's LendWare Document Manager is a credit fulfillment platform that automates the decisioning and delivery of tailored financial systems for all distribution channels, the companies said. It has been integrated via Extensible Markup Language, or XML, to DocuTech's documentation technology, which is backed by an extensive document library that includes compliant SMART (securable, manageable, achievable, retrievable, transferable) documents that bind data, presentation, and signatures into a single electronic file, they said. "With DocuTech's SMART Doc capability and electronic data and document delivery benefits, LendWare users will be able to enact online review, validation, data exchange, approvals, and closings," said Ty Jenkins, president and chief executive officer of DocuTech. DocuTech can be found online at http://www.docutechcorp.com, and more information on Framework's LendWare technology can be found at http://www.lendware.com.
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The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
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