E-docs solutions provider MortgageDocs has introduced myMortgageDocs, a new document signing management platform for notaries, lenders, title and escrow companies.
The solution provides a number of cutting-edge enhancements that allow for timely order updates and reconciliation to assist notaries and firms with reporting and process transparency, the company says in a press release.
‘With the recent volatility in mortgage industry conditions coupled with increased scrutiny on security, we understand that compliance and borrower protection are top-of-mind concerns for our clients,’ says Christian Redmond, CEO of MortgageDocs.
The new system, which can be readily integrated with third-party software, will help mortgage companies in complying with existing and newly promulgated regulations by the Consumer Financial Protection Bureau (CFPB) by streamlining workflows, strengthening quality controls and enhancing compliance safeguards.
myMortgageDocs offers real-time document tracking and adds account-level reporting and the first phase of detailed analytics.
Although MortgageDocs caters primarily to notary fulfillment orders, the company hopes to expand its client base through this new offering.