Idaho Falls, Idaho-based DocuTech Corp., a provider of compliance services for mortgage documents, reports it added 89 customers to its roster of lenders in 2008 using services to automate document compliance.
In July, San Francisco-based Parkside Lending became one of 33 customers added during the third quarter.
‘Because of the time saved and the lower cost of the documents, ConformX has paid for itself in only a few months," says Matt Ostrander, CEO of Parkside Lending. "We'll save $40 per loan file, which, over the course of the year, will equal hundreds of thousands of dollars. With ConformX automating the bulk of our document tasks, my staff can focus on quality control and sales."