Integration Means Easier Compliance and Doc Updates for Customers
Grand Rapids, MI (March 24, 2011) – Compliance Systems, Inc. (CSi), a market leader in compliance documentation technology and MortgageFlex Systems, Inc., a provider of innovative mortgage technology, announced the integration of their core products today. CSI IntelleDocs™ are now available via MortgageFlex’s loan origination system, the Residential Lending System.
CSi IntelleDocs™ reduce processing time for lenders by eliminating the need for a separate “doc prep” company interface. CSi’s Document Selection Logic™ validates and selects all the required documents for loan transactions. Additionally, CSi warrants the compliance accuracy as regulatory conditions change, proactively updating documents.
“We are ever mindful of providing our customers with the latest technology advantages and have formed this alliance after an extensive evaluation of available products,” said Craig Bechtle, executive vice president, MortgageFlex Systems. “The last thing our customers need to worry about is compliant loan documents. This alliance with CSi gives them additional compliance confidence while reducing business process time,” he continued.
The dynamic documents available within IntelleDocs™ have been well received by MortgageFlex customers and are being deployed with a recently signed customer. “The automatic selection of loan documents is a new paradigm in the industry and we’re seeing a lot of enthusiasm from our customers,” Bechtle concluded.
"Each IntelleDoc™ is a smart software application that streamlines the creation of loan packages and helps mitigate compliance risk," said Dennis Adama, president of CSi. "The combination of our intelligent documentation system with the capabilities of the Residential Lending System is unique in the industry and will deliver tremendous efficiencies to our mutual customers."