Tech Firms Announce eMortgage Alliance

DocuTech Corp., Idaho Falls, Idaho, and Wave Systems Corp., Lee, Mass., have announced the formation of the eMortgage Alliance, a group of companies offering a paperless mortgage system that meets guidelines established by the Mortgage Industry Standards Maintenance Organization.Each alliance member specializes in separate steps of the mortgage process, including electronic signing, packaging, messaging, and recording, and the creation of SMART Docs. “The key to this alliance is that a lender can pick and choose any part of the process that they want to automate today,” said Ty Jenkins, chief executive officer of DocuTech. Other alliance members include SwiftView, which handles electronic delivery of mortgage documents; VirPack, offering electronic packaging, bar code, imaging, electronic delivery, and management systems; and Rekon Technologies, providing a platform for electronic county recordings of releases and satisfactions. DocuTech and Wave Systems can be found online at http://www.docutechcorp.com and http://www.wavesys.com.