*Lean On A Friend*
**By Tony Garritano**
***How do you keep up with all the compliance changes happening now and those to come? You lean on a friend. Here’s what I mean: to some extent you have to rely on your vendor to get you through. And every vendor needs to be forming close partnerships/integrations with other friendly vendors to offer up a seamless, data-driven process. For example, LOS LendingQB and doc prep DocuTech have formed a partnership to integrate their platforms. LendingQB’s browser-based LOS is now seamlessly integrated with DocuTech’s ConformX system, enabling users to compliantly manage all aspects of document preparation directly from within LendingQB’s LOS.
****“The new disclosure rules and other regulations make it critical that lenders have an LOS and document system that ensures dynamic, compliant documents for every loan,” stated Scott K. Stucky, COO of DocuTech. “Our long-term strategic partnership with LendingQB allows us to deliver strong compliance and a great deal of value with an extremely tight integration.”
****The new integration enables all tasks that would otherwise be performed within DocuTech’s ConformX platform to be completed within LendingQB’s LOS without having to leave the application. All loan data resides in LendingQB, thus eliminating the exchange of potentially inaccurate disclosures that can be out of compliance. The integration removes a cumbersome, time-consuming process to enter or reenter data in the document system, dramatically speeding up the processing of initial disclosures and closing documents. As a result, employees are freed up to focus on other tasks, which requires fewer resources and increases employee productivity.
****“Our integration with ConformX took a considerable amount of time and resources to complete such a seamless, bi-directional interface that is delivered on a Software as a Service (SaaS) basis between our platforms,” said David Colwell, vice president of corporate strategy at LendingQB. Each of our solutions are sophisticated, enterprise-class applications that provide more value and compliance assurance than some of the older document preparation systems on the mortgage market.”
****“Upon seeing the integration, there’s a ‘wow factor’ that can’t be described unless one sees the integrations in action. The commonalities that our organizations have made a strategic alliance an ideal fit to service mutual customers. We look forward to collaborating with DocuTech to board new clients,” Colwell added.
****The new embedded interface in LendingQB’s LOS is extolled by lenders to effectively and efficiently automate the entire application through a closing process that makes ordering, sending and receiving compliant mortgage documents simple and effortless.
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at email@example.com.