Business, Free News Articles, Software

Ruoff Mortgage Selects ACES Quality Management & Control to Improve Loan Quality Enterprise-wide Across Multiple Product Lines

DENVER, Colo. -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced that Ruoff Mortgage Company, Inc. (Ruoff Mortgage), a full-service residential mortgage lender, has selected its flagship audit platform ACES Quality Management & Control® Software to support the company's origination and servicing quality control (QC) audits.

"By prioritizing compliance and loan quality, lenders can gain deeper business insights while staying ahead of ever-changing regulatory requirements. Given Ruoff Mortgage's 70 retail locations throughout the Midwest, as well as its online reach to 45 states, there's a significant amount of compliance ground to cover," said ACES CEO Trevor Gauthier. "Our technology enables lenders to ensure compliance at all levels while also providing lenders with the flexibility to align our system with their unique needs and internal structure to improve internal reviews, communication and defect remediation, with the overall goal of reducing risk and enhancing loan quality."

Ruoff Mortgage selected ACES to help support its quality assurance, quality control and internal audit processes enterprise-wide to help track loan quality and effectively and quickly identify, communicate and remediate exceptions. Using ACES managed questionnaires, action planning capabilities and the ACES CONNECT communication portal, Ruoff Mortgage can seamlessly review 300 loans monthly while communicating report findings internally and reviewing its quality control and assurance procedures.

"ACES will tremendously improve our audit accuracy and produce clear, easy-to-read reports in minutes," said Diana Ringer, Chief Compliance Officer at Ruoff Mortgage. "It will help increase productivity, efficiency and quality, all while controlling overall costs."

About Ruoff:

Ruoff Mortgage is a full-service residential mortgage company with 70+ retail locations and originates in 45 states through their online consumer direct division. They have been recognized by several prominent industry publications such as the Scotsman Guide's list of Top Mortgage Lenders and Mortgage Executive Magazine's Top 100 Mortgage Companies in America and have been listed on the Inc. 5000's Fastest Growing Companies for nine years in a row. Ruoff Mortgage has a 98.2% customer satisfaction rating, as compiled by CX leader, Customerville. For more information, visit www.ruoff.com.

About ACES Quality Management:

ACES Quality Management is the leading provider of enterprise quality management and control software for the financial services industry. The nation's most prominent lenders, servicers and financial institutions rely on ACES Quality Management & Control® Software to improve audit throughput and quality while controlling costs, including:

* 4 of the top 5 and more than 50% of the top 50 independent mortgage lenders;

* 7 of the top 10 loan servicers;

* 11 of the top 30 banks; and

* 1 of the top 3 credit unions in the USA.

Unlike other quality control platforms, only ACES delivers Flexible Audit Technology®, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ACES clients get responsive support and access to our experts to maximize their investment. For more information, visit www.acesquality.com or call 1-800-858-1598.

Related link: https://www.acesquality.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Alliances and Partnerships, Business, Free News Articles, Software

ACES Quality Management Partners with Financial Services RegTech Provider Winnow Solutions

DENVER, Colo. -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced it has partnered with Winnow Solutions to power certain compliance and regulatory operations within ACES through its RegTech platform Winnow®. An innovative and dynamic financial law database built by attorneys and powered by cutting-edge technology, Winnow takes the guesswork out of compliance by instantaneously identifying regulatory requirements applicable to specific institution types and products. The addition of Winnow's comprehensive database helps ensure ACES continues to provide its users with the most accurate and up-to-date information on state regulations.

"Maintaining compliance with all applicable rules and regulations is one of the most critical outcomes of lenders' quality control processes. However, managing the sheer volume of regulatory requirements from both the state and federal level can overwhelm even the most seasoned, well-staffed compliance team, which ultimately puts loan quality in jeopardy and exposes organizations to unnecessary risk," said ACES President and Chief Operating Officer Phillip McCall. "Because it was incubated inside of one of the industry's preeminent legal advisory firms, Winnow serves as a powerful resource for tracking compliance changes at all levels, and we are thrilled to leverage the extensive Winnow regulatory database to enhance the compliance support ACES delivers to our clients."

Winnow covers state laws and regulations specific to the full lifecycle of mortgage, auto, credit card, consumer and commercial-purpose lending and financing. The platform also includes generally applicable requirements that impact the lending and servicing of these products, including such topics as marketing and advertising, debt collection, telemarketing, notary requirements, electronic signatures and documents, powers of attorney and privacy/data security. With Winnow, subscribers can instantaneously and intuitively create a survey of laws based on any of these topics, export the results to their chosen file format, and save them to receive tailored updates of law changes.

"Operating or scaling a financial services company is highly difficult, even under the best of circumstances. Add on the constant change of regulatory requirements, and it becomes even more daunting. That's why a trusted partner like ACES is crucial for speeding up the audit and approval process," said Chris Hilliard, Chief Operating Officer and a Founder of Winnow Solutions, LLC. "We're delighted that ACES has chosen Winnow to power its compliance research, allowing it to deliver even more value to its customers. ACES has an excellent reputation as an industry leader in the QC space, and we deeply appreciate the trust it has placed in us."

About Winnow Solutions

Winnow Solutions, LLC is the developer of Winnow ®, a database-driven, RegTech platform that provides subscribers with accurate topic-driven surveys and automated compliance change management. Winnow catalogues over 45,000 individual state law requirements maintained by an experienced team of specialized attorneys and professionals. Winnow subscribers build highly tailored state law compliance surveys unique to their business type, licensing, financial products and jurisdictions, with federal law surveys coming soon. Winnow Solutions, LLC is a subsidiary of Buckley LLP, a law firm that focuses on financial services, government enforcement, and litigation, and that has been recognized as "The best at what they do in the country" by Chambers USA. For more information, visit https://www.winnow.law or call 1-888-488-6797.

About ACES Quality Management

ACES Quality Management, formerly known as ACES Risk Management (ARMCO), is the leading provider of enterprise quality management and control software for the financial services industry. The nation's most prominent lenders, servicers and financial institutions rely on ACES Quality Management & Control Software® to improve audit throughput and quality while controlling costs, including:

* 3 of the top 5 and more than 50% of the top 50 independent mortgage lenders;

* 7 of the top 10 loan servicers;

* 11 of the top 30 banks; and

* 1 of the top 3 credit unions in the USA.

Unlike other quality control platforms, only ACES delivers Flexible Audit Technology, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ACES clients get responsive support and access to our experts to maximize their investment.

For more information, visit http://www.acesquality.com/ or call 1-800-858-1598.

Related link: https://www.acesquality.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Alliances and Partnerships, Business, Free News Articles, Software

ACES Quality Management Partners with Financial Services RegTech Provider Winnow Solutions

DENVER, Colo. -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced it has partnered with Winnow Solutions to power certain compliance and regulatory operations within ACES through its RegTech platform Winnow®. An innovative and dynamic financial law database built by attorneys and powered by cutting-edge technology, Winnow takes the guesswork out of compliance by instantaneously identifying regulatory requirements applicable to specific institution types and products. The addition of Winnow's comprehensive database helps ensure ACES continues to provide its users with the most accurate and up-to-date information on state regulations.

"Maintaining compliance with all applicable rules and regulations is one of the most critical outcomes of lenders' quality control processes. However, managing the sheer volume of regulatory requirements from both the state and federal level can overwhelm even the most seasoned, well-staffed compliance team, which ultimately puts loan quality in jeopardy and exposes organizations to unnecessary risk," said ACES President and Chief Operating Officer Phillip McCall. "Because it was incubated inside of one of the industry's preeminent legal advisory firms, Winnow serves as a powerful resource for tracking compliance changes at all levels, and we are thrilled to leverage the extensive Winnow regulatory database to enhance the compliance support ACES delivers to our clients."

Winnow covers state laws and regulations specific to the full lifecycle of mortgage, auto, credit card, consumer and commercial-purpose lending and financing. The platform also includes generally applicable requirements that impact the lending and servicing of these products, including such topics as marketing and advertising, debt collection, telemarketing, notary requirements, electronic signatures and documents, powers of attorney and privacy/data security. With Winnow, subscribers can instantaneously and intuitively create a survey of laws based on any of these topics, export the results to their chosen file format, and save them to receive tailored updates of law changes.

"Operating or scaling a financial services company is highly difficult, even under the best of circumstances. Add on the constant change of regulatory requirements, and it becomes even more daunting. That's why a trusted partner like ACES is crucial for speeding up the audit and approval process," said Chris Hilliard, Chief Operating Officer and a Founder of Winnow Solutions, LLC. "We're delighted that ACES has chosen Winnow to power its compliance research, allowing it to deliver even more value to its customers. ACES has an excellent reputation as an industry leader in the QC space, and we deeply appreciate the trust it has placed in us."

About Winnow Solutions

Winnow Solutions, LLC is the developer of Winnow ®, a database-driven, RegTech platform that provides subscribers with accurate topic-driven surveys and automated compliance change management. Winnow catalogues over 45,000 individual state law requirements maintained by an experienced team of specialized attorneys and professionals. Winnow subscribers build highly tailored state law compliance surveys unique to their business type, licensing, financial products and jurisdictions, with federal law surveys coming soon. Winnow Solutions, LLC is a subsidiary of Buckley LLP, a law firm that focuses on financial services, government enforcement, and litigation, and that has been recognized as "The best at what they do in the country" by Chambers USA. For more information, visit https://www.winnow.law or call 1-888-488-6797.

About ACES Quality Management

ACES Quality Management, formerly known as ACES Risk Management (ARMCO), is the leading provider of enterprise quality management and control software for the financial services industry. The nation's most prominent lenders, servicers and financial institutions rely on ACES Quality Management & Control Software® to improve audit throughput and quality while controlling costs, including:

* 3 of the top 5 and more than 50% of the top 50 independent mortgage lenders;

* 7 of the top 10 loan servicers;

* 11 of the top 30 banks; and

* 1 of the top 3 credit unions in the USA.

Unlike other quality control platforms, only ACES delivers Flexible Audit Technology, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ACES clients get responsive support and access to our experts to maximize their investment.

For more information, visit http://www.acesquality.com/ or call 1-800-858-1598.

Related link: https://www.acesquality.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles

Knowledge Coop Appoints Brian Paine as Director of Technology

VANCOUVER, Wash. -- Knowledge Coop, the industry's top online compliance training and virtual work platform, today announced it has hired Brian Paine as Director of Technology. His responsibilities at Knowledge Coop include maintaining a stable working environment for all of Knowledge Coop's technical operations, including its flagship virtual workspace for centralizing compliance training The Coop; spearheading future tech enhancements and improvements; and ensuring security processes are up-to-date and monitored.

"Brian Paine's decades of experience in the tech industry make him an already invaluable and welcome addition to the Knowledge Coop team," said Knowledge Coop president Ken Perry. "As Knowledge Coop continues to grow, we expect Brian's expertise to play a pivotal role. Brian's experience as security and infrastructure will be particularly valuable as we expand the features and functionality of The Coop."

Paine comes to Knowledge Coop after spending nearly four years at PayPal as both a Security Architect and Infrastructure Architect. Paine has also served in integral technology roles at Entisys360, Western Precooling, Live Nation, Charles Schwab and Nordstrom.

"I look forward to the opportunity to work side-by-side with Ken and the Knowledge Coop team to leverage my 23 years of experience in the tech industry in bringing Ken's extraordinary vision and SaaS platform to unprecedented levels with its current and ever-growing user base," said Paine. "Over the last 13 years, I have watched Ken bring to market a well-thought and extremely customer-centric SaaS learning management system, business social platform and community that serves to enlighten and entertain in very unique, thought-provoking and fun ways.

"This is yet another new and exciting chapter in my career, and I am ready for the next ride and where my Knowledge Coop leadership team peers and I will take it," continued Paine.

About Knowledge Coop

Knowledge Coop has transformed compliance, continuing education and training in the mortgage industry. In addition to creating entertaining and engaging NMLS, pre-licensure and annual compliance training videos, the company has also developed The Coop, a virtual workspace for delivering, tracking and reporting on training. Users can also collaborate and communicate with their peers and Knowledge Coop's team of compliance experts, thus creating an internal hub for education and expertise. To date, Knowledge Coop has helped more than 100 mortgage and real estate companies and 24,000 users maintain compliance with federal and state continuing education requirements as well as housing finance rules and regulations. To learn more, visit https://www.knowledgecoop.com.

Related link: https://www.knowledgecoop.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Software

Promontory MortgagePath Recruits Elisha Werner as Chief Compliance Officer

DANBURY, Conn. -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and tech-driven fulfillment solutions, announced today it has recruited Elisha Werner as chief compliance officer, mortgage operations. In this role, Werner will lead compliance efforts for Promontory MortgagePath's residential mortgage operations and oversee the regulatory and compliance implementation process including contributing to and testing the company's cutting-edge compliance controls and digital mortgage origination technology.

In addition, Werner will support the development, implementation and ongoing performance of Promontory MortgagePath's compliance management system, which serves as the foundation for its mortgage fulfillment services.

"Compliance is the foundation on which our solution is built, and Elisha's demonstrated experience in mortgage compliance will directly support us in equipping lenders with best-in-class technology at the highest level of compliance adherence," said Debora Aydelotte, chief operating officer at Promontory MortgagePath. "Her role as chief compliance officer enhances our digital mortgage and fulfillment services platform, further reducing lenders' risk, and strengthening Promontory MortgagePath's position as a trusted partner in managing today's regulatory burden."

With more than 20 years' experience in mortgage-industry compliance, Werner has served as general counsel of a title company, chief compliance officer of a mortgage banker and most recently as chief compliance counsel for Opus Capital Markets Consultants. In these roles, she managed all aspects of compliance oversight for operations, loan file due diligence and quality control.

"In today's environment, there are plenty of fintech providers building technology where compliance is secondary or an afterthought. As community lenders grow their mortgage operations, it is more important than ever they leverage digitally-driven mortgage services prioritizing compliance," said Werner. "Promontory MortgagePath's commitment to keeping abreast of the latest regulatory and investor changes offers community lenders assurance that as their loan volumes increase, their level of compliance risk will not respond in kind, and I am eager to utilize my expertise in this area to help maintain this commitment to our community lender partners."

To learn more about open positions at Promontory MortgagePath, visit mortgagepath.com/careers. Contact careers@mortgagepath.com to submit a resume or other inquiries.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly-changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for their ability to help community lenders resolve their most pressing challenges. To learn more, https://www.mortgagepath.com.

Related link: https://www.mortgagepath.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Advertising and Marketing, Business, Free News Articles, Product Launches

MQMR Adds Mortgage-Focused Social Media Monitoring Platform

LOS ANGELES, Calif. -- Mortgage Quality Management and Research, LLC (MQMR) announced today that it has added ActiveComply, a social media monitoring platform, to its suite of audit, risk and compliance-focused solutions for financial institutions and independent mortgage lenders.

The platform, which is offered through a partnership agreement with the platform's developer and namesake, provides lenders with the ability and agility to proactively manage, monitor and extend their companies' social media reach while maintaining compliance with financial marketing and records retention regulations.

"Social media has become a ubiquitous component of today's marketing strategies for loan officers and mortgage companies, so much so that lenders need more comprehensive tools for monitoring social media compliance than simply 'the eyeball test,'" said MQMR President Michael Steer. "Because MQMR's compliance team has conducted thousands of marketing compliance reviews, which include social media content, we are keenly aware of the challenge lenders face in this regard, and by providing an automated solution for monitoring, we are not only expanding our clients' compliance coverage, but also providing them with valuable peace of mind."

The ActiveComply platform can be configured to reflect the user's unique corporate social media policy specifications and offers a simple user interface and one-touch executive reporting capabilities, as well as notifications sent to a company's in-house compliance team with flagged content for review. Available functionality includes but is not limited to: discovery and continuous monitoring of company and loan officer social media accounts and websites, detection of unauthorized online activity, identification of missing compliance requirements and archival of online contents to meet regulatory record retention requirements.

For more information or to schedule a demo with MQMR, visit https://www.mqmresearch.com/services/social-media-compliance-marketing/.

About Mortgage Quality Management and Research, LLC

MQMR helps its clients climb higher by bridging the gap between risk and compliance through its suite of risk-related services. MQMR provides mortgage compliance consulting throughout the origination process, conducting internal audit risk assessments and ongoing internal audit support, servicing QC and subservicing oversight to master servicers, and filling the void of meeting vendor management oversight requirements. With 2,000+ operational reviews of mortgage companies, subservicers, document custodians, and vendors annually, MQMR prides itself on being the mortgage industry partner of choice for audit, risk and compliance. To learn more, visit mqmresearch.com, subsequentqc.com, and hqvendormanagement.com.

*LOGO for Media: https://www.Send2Press.com/300dpi/18-0118s2p-MQMR-logo-300dpi.jpg

Related link: https://www.mqmresearch.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Software

ARMCO Updates ACES IQ to Provide Guidance on Regulatory Changes Made in Response to COVID-19 National Emergency Declaration

DENVER, Colo. -- ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, announced it has created a new question set category within its ACES Intelligent Questionnaire (ACES IQ) functionality to house all temporary regulatory provisions issued by state and federal agencies and the GSEs in response to the COVID-19 national emergency declaration. The new category provides ACES users with a centralized repository inside ACES Audit Technology to ensure audits are conducted using the most up-to-date compliance standards.

"With new information and guidance being issued seemingly by the minute at all supervisory levels, the task of collecting and tracking these changes can overwhelm even the most robust compliance department," ARMCO CEO Trevor Gauthier said. "In these challenging times, it is more important than ever for ARMCO to support its customers in their compliance, quality control and risk management efforts, and our team is dedicated to staying on top of these temporary provisions to ensure our clients are always working with the most current information available."

To help the industry at large stay informed of these changes as they arise, ARMCO is also tracking compliance news related to COVID-19 in its Compliance NewsHub, a free credit and compliance research library curated by ARMCO's in-house compliance team covering updates from regulators and investors. Readers can search for all COVID-19 compliance updates and news within the "Disaster News" category. In addition, ARMCO's compliance team has added all current dates for temporary compliance provisions related to COVID-19 on the Compliance Calendar, ARMCO's searchable roundup of compliance dates and deadlines, under the tag "COVID-19."

To subscribe to the Compliance NewsHub Weekly Roundup and Compliance Calendar, visit https://www.armco.us/compliance-newshub/subscribe.

About ARMCO

ARMCO is the leading provider of loan quality enterprise software, services, data and analytics for financial institutions and independent mortgage lenders. Its flagship product, ACES Audit Technology(tm), has set the bar for user definability in its category and is used at virtually every point in the mortgage lifecycle, as well as for a wide range of risk-prone business operations across the consumer lending spectrum. Over half of the top 25 mortgage lenders and 33% of the top 150 lenders and servicers combined choose ARMCO. ARMCO's consultative approach to customer relationships leverages 25 years of risk intel, ensuring that its clients are using the most effective risk mitigation strategies and the fastest, most reliable, most efficient means for preventing risk-related loss. ARMCO distributes the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality.

For more information, visit www.armco.us or call 1-800-858-1598.

Related link: https://www.armco.us/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Software

IDS Strengthens State-Specific Mortgage Document Preparation Functionality

SALT LAKE CITY, Utah -- Mortgage document preparation vendor International Document Services, Inc. (IDS), announced today that it has enhanced eSign tools for state-specific document functionality in its flagship document preparation platform idsDoc. The addition of this functionality enables IDS clients to automatically access state-specific documents that are electronically fillable, where allowed by law.

"Because of the variances between state regulators, maintaining compliance at the state level is in many ways even more burdensome for lenders than doing so at the federal level - especially when adding digital mortgages to the mix," said IDS Vice President and General Manager Mark Mackey. "State-level compliance has always been a hallmark of the IDS platform. We are thrilled to make our digital mortgage functionality available to clients for use in the execution of state-specific documents and to help them maintain compliance while supporting their individual digital mortgage strategies."

The IDS library of state-required documents puts the standard collection of state documents at lenders' fingertips. This library is a collection of expansive regulatory research and is maintained and updated regularly by the IDS Compliance Department. In addition, the department maintains the "IDS State Disclosure Matrix," a reference document which lists the state-specific documents available in idsDoc and notes the default parameters used to determine when specific documents should be included in a loan package. This Matrix is available through the Customer Portal and in the IDS Help Center.

In addition, clients can have all disclosure documents electronically signed in the eSign Room with a unique login and secure email link for each document signer. Through this functionality, reviewing is verified and reported, and all compliance requirements, including timing requirements, are met. In the event the eSignatures cannot be verified, a physical disclosure package can be automatically sent by the IDS Fulfillment Center.

With IDS' expanded signing tools, loan officers and processors save time with the document verification process as completed by the borrowers. The review and signing functions have been expanded to allow the filling of text boxes and check boxes. These tools can be used with the standard documents as well as any custom documents the lender wants to include. This feature also eliminates the need to pre-disclose or include printed documents that require borrower selections and data input.

"As technology continues to improve the digital mortgage experience, IDS strives to meet its clients' every anticipated need in idsDoc," Mackey added. "By adding this functionality to our already expansive multi-state document preparation offering, we are simplifying things for our clients even more while maintaining our continued commitment to providing compliance support at all levels."

About IDS, Inc.

IDS, a Reynolds and Reynolds company, was founded in 1986 in Salt Lake City, Utah, and is a nationwide provider of mortgage documents and compliance. IDS services include eSignatures, closing documents, initial disclosures, document fulfillment and integration with leading loan origination systems and eClosing platforms. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs, particularly in regards to major industry compliance changes. Learn more at: https://info.idsdoc.com/

Related link: https://info.idsdoc.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Software

IDS Enhances Audit Worksheet Functionality in idsDoc

SALT LAKE CITY, Utah -- Mortgage document preparation vendor International Document Services, Inc. (IDS), today announced that it has redesigned the audit worksheet feature in its flagship document preparation platform idsDoc. Now, the audit worksheet dynamically displays vital loan information, including a record of audits and tests conducted, in a single, easy-to-read document, providing investors and auditors with a full understanding of the loan file.

"Today's lenders are required to conduct more testing than ever to ensure their loans meet both regulatory and investor requirements, but without proper documentation to prove these tests were conducted, lenders can miss opportunities to pass the first-glance eye test as well as to reference pending due diligence efforts," said IDS Vice President and General Manager Mark Mackey. "This document has quickly become accepted as a compliance certification for many investors' policies. By providing our clients with an easily referenced summary of audit activities, IDS is fulfilling on its promise to our customers to support their compliance efforts and deliver loan packages that are as precise as possible."

In addition to information on which tests and checks were performed, the audit worksheet also includes calculated values on data related to state, local and custom fields, thus providing an additional layer of security regarding compliance. The document is also intended to serve as a reference point to illuminate inaccuracies or differences between regulatory interpretations.

"Between human error and the often obscure nature of regulatory language, data discrepancies are bound to occur in the origination process," Mackey added. "The IDS audit worksheet serves as an added check to help lenders identify these instances before they cause issues or come to the attention of investors and regulators, thus preserving loan quality and lenders' reputations with these key stakeholders, and so far, the worksheet has proven to be an effective tool for achieving these goals."

About IDS, Inc.

IDS, a Reynolds and Reynolds company, was founded in 1986 in Salt Lake City, Utah, and is a nationwide provider of mortgage documents and compliance. IDS services include eSignatures, closing documents, initial disclosures, document fulfillment and integration with leading loan origination systems and eClosing platforms. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs, particularly in regards to major industry compliance changes. (https://info.idsdoc.com/)

Related link: https://info.idsdoc.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Alliances and Partnerships, Business, Free News Articles, Software

IDS Signs Preferred Partner Agreement with Mortgage Builder

SALT LAKE CITY, Utah -- Mortgage document preparation vendor International Document Services, Inc. (IDS), announced today it has signed a preferred partnership agreement with Mortgage Builder, a provider of award-winning mortgage loan origination and servicing software systems. As part of the agreement, IDS and Mortgage Builder have begun to develop a fresh integration between idsDoc and Mortgage Builder's LOS platform to ensure superior system-to-system connectivity and seamless data transfer using the MISMO Version 3.4 data standard.

"The integration between idsDoc and our clients' LOS platforms has always been of the utmost priority to IDS, and the renewed agreement with a premier LOS provider like Mortgage Builder reinforces this commitment," said IDS Vice President and General Manager Mark Mackey. "We welcome the opportunity to expand our relationship with Mortgage Builder and enhance the experience our mutual clients receive when using our respective systems in concert."

End-to-end lending solutions from Mortgage Builder manage the complete lending cycle - from loan origination through servicing - for mortgage lenders and banks. Mortgage Builder supports a diverse array of loan products through its comprehensive loan origination system and single-platform loan servicing technology with integrated default capabilities. Mortgage Builder solutions are available as hosted services and offer a wide array of outsourced services to ensure an optimal lending experience.

IDS's flagship document preparation platform idsDoc gives lenders the control to create initial disclosures and closing documents to fit their individual preferences and needs and includes numerous customizations, compliance audits and tools-including eSign capabilities and functionality to enable both hybrid and complete eClosings - to make the doc prep process more efficient.

With the enhanced interface in place, lenders will be able to achieve even greater efficiency while protecting the integrity of the origination process by generating all general loan documents using direct-source data from the Mortgage Builder platform. In addition, Mortgage Builder users will also be able to complete all relevant state- and investor-specific information using corresponding fields within idsDoc. The more than 1500 rules, warnings and edit checks available through this integration will also ensure all documents are as compliant as possible, while the embedded eSign functionality from IDS will enable efficient initial disclosure and closing processes.

"IDS's reputation for delivering compliant, highly customizable mortgage documents is second to none, which is why we are thrilled to have IDS as part of the Mortgage Builder ecosystem," Mortgage Builder General Manager Stephen Ryczek said. "As the document preparation vendor of choice for Mortgage Builder, we look forward to working with the IDS team to create a seamless, unified user experience for our mutual clients to increase the efficiency of the closing process."

About Mortgage Builder

Founded in 1999, Mortgage Builder(R) is headquartered in Southfield, Michigan and provides industry-leading loan origination software (LOS) to mortgage banks, community banks, credit unions, and other financial institutions for more than 15 years. Mortgage Builder has consistently been recognized as one of the industry's Top 50 Service Providers by Mortgage Technology Magazine and twice was named the winner of the magazine's Help Desk Award for outstanding customer service. Mortgage Professional America named Mortgage Builder employees to their "Elite Women in Mortgage" list in 2014 and 2015. Mortgage Builder is part of the Constellation Real Estate Group, which operates a diverse portfolio of leading technology brands in the real estate and mortgage industries. For more information, visit http://www.mortgagebuilder.com.

About IDS, Inc.

IDS, a Reynolds and Reynolds company, was founded in 1986 in Salt Lake City, Utah, and is a nationwide provider of mortgage documents and compliance. IDS services include eSignatures, closing documents, initial disclosures, document fulfillment and integration with leading loan origination systems and eClosing platforms. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs, particularly in regards to major industry compliance changes. (https://info.idsdoc.com/)

*LOGO link for media: Send2Press.com/300dpi/18-0301s2p-ids-inc-300dpi.jpg

Related link:

This news story was published by the Neotrope® News Network - all rights reserved.