SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Docutech, the leading provider of document, eSign, eClose and print fulfillment technology, has been featured in HousingWire’s Tech100 listing for its Solex eClosing solution, marking the third time the company has been a recipient of the award. The HW Tech100, selected by the publication’s editors, recognizes the housing market’s most innovative technology companies and the unique solutions they provide to the U.S. mortgage industry, representing all facets of the industry, including residential mortgage lending, servicing, investments and real estate technology.
“The number of fintech companies serving the mortgage industry has exploded over the last several years—making the choice of just 100 companies this year very difficult,” said HousingWire Magazine editor Sarah Wheeler. “Companies in the 2018 Tech100 represent the leading edge of solutions and services that will propel mortgage companies toward success.”
Docutech and its technology have been included on the HW Tech100 listing three times since the award’s original inauguration in 2015. This year, the technology provider was recognized for its dedication to serving the residential mortgage market, specifically through its end-to-end eClosing solution, Solex. By utilizing Solex eClosing, lenders can accelerate the loan closing process and save $200-$800 per loan on origination costs. In addition to hard costs like overnight paper shipping, lenders can realize substantial intangible savings as a result of increased automation throughout the origination process, including reduction in staff hours and costs incurred from compliance errors, streamlined post-closing reviews, faster certification, reduced dwell time on warehouse lines, and significant post-closing document and data efficiencies.
“Docutech strives to enhance residential lending by offering innovative and comprehensive solutions that allow lenders to digitize more of their processes to improve the customer experience, achieve greater efficiency, and reduce operational costs,” said Amy Brandt, president and CEO of Docutech. “Our consistent recognition on the HW Tech100 listing attests to our commitment to innovation and service to help our clients successfully achieve their objectives.”
Introduced in September 2017, Solex eClosing, integrated with Simplifile, provides lenders with a comprehensive eClosing solution from initial document generation and eSigning to efficiencies through post-closing. In conjunction with ConformX, Docutech’s dynamic document generation engine, lenders can automatically generate electronic, data-driven documents that adhere to rules-based intelligence and meet specific loan criteria. Docutech and Simplifile have enabled an intelligent “eEligibility” engine that automatically configures each closing package to be as “e” as it can be, according to state, county, and investor variations.
HousingWire is the nation’s most influential source of news and information for U.S. mortgage markets, boasting a readership that spans lending, servicing, investments and real estate market participants as well as financial market professionals. Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B-to-B Banking/Business/Finance, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors and Trade Association Business Publications International. HousingWire offers HousingWire.com, the leading independent source for news, commentary and analysis covering the entire mortgage banking and financial markets, and HousingWire Magazine, a monthly magazine that provides in-depth context and insight spanning the people, issues and data that matter in mortgage finance and real estate. Learn more at www.housingwire.com.
Founded in 1991, Idaho Falls, Idaho- and Scottsdale, Arizona-based Docutech offers a wide range of document technology solutions for mortgage, home equity, and consumer lending from document generation to eDelivery, eSign, eClose and print fulfillment. The company sets the standard in providing market-proven technology and unrivaled customer service to the financial industry. Docutech’s knowledge and solutions empower lending professionals to efficiently produce accurate loan packages in all 50 states to ensure compliance with constantly changing laws and regulations. For more information, visit the company’s website at www.docutech.com or follow them on social media at LinkedIn or Twitter @Docutech.