DocuTech, Wipro Gallagher Solutions Bring Compliant
Documents Online
Partnership enables any Web connection to produce disclosures and closing docs
IDAHO FALLS, IDAHO, Dec. 8, 2009 - DocuTech, a provider of mortgage compliance services and documentation technology, has partnered with Wipro Gallagher Solutions (WGS), a provider of loan origination software and origination services to the lending industry, to provide complete mortgage document compliance services in WGS’s suite of loan origination systems (LOS), including NetOxygen Cirrus. The integration enables lenders to easily generate compliant documents and disclosures from any Web connection.
NetOxygen Cirrus is a web-based LOS that guides users through every step of the lending process, including point of sale, processing, marketing, closing, underwriting, funding, and post-closing. Built on industry-proven NetOxygen technology and based on decades of experience, NetOxygen Cirrus enables lenders to take advantage of a streamlined service to enter, monitor, and maintain loans through a scalable platform hosted by WGS or, set up at location of choice.
NetOxygen Cirrus is a web-based LOS that enables lenders to take advantage of a streamlined service to enter, monitor and maintain loans through a scalable platform hosted by WGS. The integration with DocuTech’s ConformX allows for the streamlined deployment of an end-to end, enterprise wide LOS at a reduced cost to a traditional implementation. This integration also provides users with internal compliance and document services, including support for disclosures, enabling lenders to confidently navigate the large number of regulatory and compliance issues the industry is dealing with today. DocuTech’s compliance staff backs ConformX by monitoring and updating the program to ensure all closing document and disclosure packages are accurate and compliant.
“With new regulations from national and state legislatures hitting the streets each month, it is crucial that our lenders have immediate access to accurate documents,” said Sriram Srinivasan, global head, banking practice, Wipro Technologies. “The partnership with DocuTech provides that accuracy and guaranteed compliance while helping us deploy the updates quickly through online updates.”
NetOxygen Cirrus contains robust functionality for lead management, integrated vendor services and workflow management, all of which contribute to automating and managing the mortgage process. The NetOxygen Cirrus workflow management feature employs predefined business rules to handle even the most complex lending scenarios by anticipating each step of the lending process to take the guesswork out of processing loans.
ConformX securely delivers printed-paper, e-mail and Web-posting document options from any Internet location around the world. Lenders can also customize business process rules to meet state and federal requirements, enhance security, require high-cost loan checks and ensure that only the needed documents are printed.
“Mid-sized lenders are seeing the advantages that hosted software provides – faster speed, more security and lower cost,” said Ty Jenkins, CEO for DocuTech. “ConformX makes any computer or laptop a closing table by delivering compliant disclosures and documents through a secure Web connection.”
About Wipro Gallagher Solutions
Wipro Gallagher Solutions designs, develops, and markets advanced systems targeted towards the mid-tier and large residential and consumer lending organizations. Its Internet-based open architecture technology is compatible with multiple hardware and software platforms and its customization abilities, scalability, and use of open standards differentiates it from competing products.
Wipro Gallagher Solutions recognizes that it must provide the profits necessary to prosper and grow in order to continue operations and meet corporate objectives. Management is committed to ensuring that customers derive value as represented by profit through use of its products and services. Company employees meet these objectives within a professional environment of equality, trust, and collaboration. Wipro Gallagher Solutions is a differentiated technology leader that allows its customers to achieve financial objectives in complex B2B e-commerce projects.
Wipro Gallagher Solutions, formerly Gallagher Financial Systems, was acquired by Wipro Technologies in July, 2008.
About DocuTech Corp
Since 1991, Idaho Falls, Idaho-based DocuTech Corp. (DocuTech) has provided outstanding compliance services and documentation technology for the mortgage industry. The company specializes in closing documents, initial disclosure documents, borrower doc delivery and integrated compliance checks. DocuTech manages and secures all information needed for a loan, guaranteeing accuracy, security and compliance. For more information visit the company's Web site at www.docutechcorp.com.
Media Contacts
DocuTech
David Jones
678-781-7238
Elizabeth McMillan, APR
678-781-7224
