Houston-based Network Funding LP has selected DocuTech Corp.'s ConformX to ensure that upfront disclosure documents meet local, state and agency compliance requirements through integration with LendingQB, the lender's loan origination software (LOS). ConformX was also selected to provide upfront disclosure fulfillment, combining electronic delivery and printed-paper fulfillment operations.
ConformX, DocuTech's flagship software, creates compliant mortgage documents and adds digital document capabilities, such as e-signature and e-delivery, while providing support for paper-based documents as required. The software pulls accurate data directly from the LOS, saving overhead costs and consolidating resources.
‘The upcoming RESPA/TILA disclosure reform is an immense challenge and is changing key loan disclosures dramatically,’ says Willie Jordan, Network Funding's national operations manager. Network Funding says it will rely on DocuTech's tools and electronic support to navigate and facilitate these upcoming regulatory changes.