OpenClose Launches Fax Storage Module

Mortgage Connect, West Palm Beach, Fla., has announced the launch of a fax storage and retrieval module for its OpenClose MTG platform.The Web-based fax module delivers faxed images into a centralized loan database and automatically attaches the document images to the corresponding loan. Users print out a barcoded fax cover sheet that informs the OpenClose MTG fax storage and retrieval module where to store the document images, such as images of W-2s and pay stubs. The images can be sent from any fax machine to an OpenClose MTG fax server, automatically turning these stored documents into Adobe Acrobat PDF files and routing them to the corresponding loan's digital loan folder. The module is offered as a way to reduce the problem of lost documents, minimize overnight courier bills, and comply with government privacy and security regulations.