Mortech debuts consumer-facing solution
Mortech Inc., a mortgage technology software company specializing in solutions for mortgage bankers and secondary market teams, released a new technology allowing loan officers the ability to exchange real-time mortgage application data directly with their borrowers. The secure consumer-facing portal, called Connect, is available completely free to users of Mortech’s MarksmanLMP platform.
“Transparency and open communication are the keys to rebuilding trust with today’s homebuyer. And that’s exactly what the new Connect technology provides,” said Don Kracl, president of Mortech. “At the same time, originators are under pressure to expend fewer resources on every loan they close. The Connect platform makes that easy by opening up a communication line directly with the borrower and allowing them to provide more of the required information on their own.”
Connect offers the following benefits in one tool without requiring originators to buy a new technology platform:
● Enhanced communication between consumers and lenders. The lender personally invites consumers to the Connect platform;
● Eases the burdens for lenders associated with collecting 1003 loan application data from borrowers;
● Accelerates the application process for borrowers —a full application inside Connect comes pre-populated with data already collected from any previous online short form applications;
● Allows lenders to access and exchange consumer data bi-directionally in LOS platform and other technologies (all data from 1003 app is stored inside MarksmanLMP);
● Provides borrowers with the ability to check mortgage rates for their specific lender;
● Gives consumers access to rate calculators: “How Much Can I Afford? Should I Refinance?” etc;
● Provides helpful information to consumers about the mortgage process; and
● Creates new communication channels between lenders and Realtors for status updates.
Connect is powered by TheMorty.com, also owned by Mortech and is seamlessly integrated into Mortech’s MarksmanLMP platform. Each originator portal is automatically branded for individual companies.
Elynx, Accurate Document Service team to deliver compliant closings
eLynx, a portfolio company of American Capital announced that its long-time partner, Accurate Document Service Inc., a document prep company, is creating and delivering compliant documents nationally, from Truth-in-Lending compliance to government and conventional closing documents.
In fact, the companies have had a long-standing relationship. Accurate Document Service was one of eLynx’s first customers in 1999. As an early adopter of electronic automation of closing document capabilities, Accurate Document Service’s ability to thrive and grow has only substantiated the many compliance benefits electronic adoption can bring lenders, borrowers and investors.
“We are extremely proud of our 13-year relationship with Accurate Document,” said Sharon Matthews, president and chief executive officer of eLynx. “This adoption of our compliant closing services is a testament to our ability to work with our partners, even in difficult regulatory environments, to continue to bring innovations to market that benefit lenders, borrowers and investors.”
Through this partnership, Accurate Document Service is able to provide fully compliant document closing packages to its clients electronically.
“eLynx has always been able to adapt to the evolving market along with us,” said Millie White, president of Accurate Document Service. “More of our customers are taking advantage of electronic documents and the secure document delivery that we provide through our partnership with eLynx.”
Indecomm debuts website for post-closing audits, final documents
Indecomm Global Services, a business process outsourcing company, has launched a new website focused on its Mortgage Document Management Solutions. The new site gives Indecomm customers, including title agents, information and access to Indecomm’s proprietary platforms for post-closing audit, recording and final documents.
“This site provides our customers with one-stop access to the whole compliment of our platform-based services for the mortgage industry,” said Rajan Nair, president of the mortgage services division for Indecomm Global Services. “It also allows us to integrate our services across the range of our customers’ processing needs. By using our services and accessing different platforms, our customers can expand their throughput, thereby achieving economies of scale and reduced costs.”
Indecomm’s web-based platforms provide mortgage customers with transparency and real-time access into the status of time-sensitive processes as well as facilitate communication and resolution of issues.
Dynamic Doc Hub (DDH) helps lenders, settlement agents and vendor managers perform a variety of audit processes. Lenders and title agents can employ Inteledoc Direct for e-recording. The Viewpoint platform adds controls to track the status and expected return dates of final documents such as security instruments and title policy documents from title agents and correspondent lenders. Customers using Indecomm as their centralized recording provider can avail themselves of the web-based portal to find the status of document recordings and obtain images and information associated with them. This website is part of the Indecomm’s effort to rebrand and consolidate all group companies. Clients previously accessed this information through U.S. Recordings’ website. Indecomm acquired U.S. Recordings in 2007.
Indecomm also was recognized in Fortune Magazine’s “The Global Outsourcing 100” and Red Herring’s list of the top 100 private companies in the world. It has been ranked among the top five emerging services companies by The Indus Entrepreneurs.