PRESS RELEASE:

IDS Achieves Record Annual Mortgage Initial Disclosure Fulfillment in 2014

| From
Photo: Mortgage document preparation

SALT LAKE CITY, Utah, March 20, 2015 (SEND2PRESS NEWSWIRE) -- Mortgage document preparation vendor International Document Services, Inc. (IDS), announced 2014 as a record year, generating the most initial disclosure docs in a single year in the company's history. In addition, IDS set a company record in January 2015 for the most amount of initial disclosures generated in a single month. Total initial disclosure volume for the company in 2014 increased 13.6 percent over 2013.

IDS also increased its overall document fulfillment volume in 2014 by 53 percent over 2013, and its E-sign volume increased 36 percent over the same period.

"According to data from the Mortgage Bankers Association, industry originations for Q1 through Q3 2014 were down 44 percent over the first three quarters of 2013," said Mark Mackey, CEO of IDS. "The fact that, in a declining market, IDS was able to maintain its closing doc volume and continue to increase its initial disclosure, document fulfillment and E-sign volumes speaks to the industry's need for compliant, zero-defect docs no matter where industry volumes might be."

In regards to client growth, IDS added 43 percent more new clients in 2014 than 2013. When examined by sales territory, the Midwest saw the largest amount of growth (31 percent), followed by its affiliated sales reps in Texas (21 percent), the West (19 percent), the Northeast (16 percent) and the Southeast (13 percent).

"The compliance audits built into idsDoc have really set us apart in the doc prep space," Mackey said. "IDS continues to grow because lenders appreciate having that extra level of review included in their doc prep system to ensure docs are compliant before being signed by the borrower."

Other significant achievements for IDS in 2014 include:
* Recognition as a "Top 50 Service Provider" for a fourth year in a row by Mortgage Technology Magazine;
* Inclusion in HousingWire Magazine's "HW Tech100" list;
* Integration with the MortgageFlex's LoanQuest loan origination system (LOS); and
* Satisfactory completion of its Service Organization Control (SOC) 2SM audit, passing with no exceptions.

About IDS, Inc.:
IDS, founded in 1986 in Salt Lake City, Utah, is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, initial disclosures and fulfillment. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs, particularly in regards to major industry compliance changes. The system is backed with compliance and document guarantees. IDS succeeds with unsurpassed customer service, sophisticated technology, and a diligent compliance team. Lenders looking to get more out of doc prep can visit the IDS website at http://www.idsdoc.com/ or call 800-554-1872.

Twitter: @idsDoc

News Source:
MORE INFORMATION:
For more information regarding this press release, please visit:
http://www.idsdoc.com/
Like, Share, Save this press release:
  TWEET   SHARE   G+   PIN IT   STUMBLE   LinkedIn   Instapaper   Buffer

PERMALINK:
https://www.send2press.com/newswire/ids-achieves-record-annual-mortgage-initial-disclosure-fulfillment-in-2014-2015-0320-001.shtml
Shortlink to this press release: http://i.send2press.com/Oy7Mz
  LEGAL NOTICE AND TERMS OF USE:  
The content of the above press release was provided by the “news source” (International Document Services, Inc.) or authorized agency, who is solely responsible for its accuracy. Send2Press® is the originating wire service for this story and content is Copr. © 2015 International Document Services, Inc. with newswire version Copr. © 2015 Send2Press (a service of Neotrope). All trademarks acknowledged.

Rights granted for reproduction by any legitimate news organization. However, if news is cloned/scraped verbatim, then original attribution must be maintained with link back to this page as “original syndication source.” Resale of this content for commercial purposes is prohibited without a license. Reproduction on any site selling a competitive service is also prohibited. Information is believed accurate, as provided by news source or authorized agency, however is not guaranteed, and you assume all risk for use of any information found herein/hereupon. This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
STORY READS for this single page only, as of Sep 28 2016:
[ count retired 8.4.16 ]


back to top
REFERENCES: Mortgage document preparation, compliance documents, , news, press release from International Document Services, Inc., Mar 20, 2015, Banking and Finance, Business, Technology, Salt Lake City, Utah, IDS Achieves Record Annual Mortgage Initial Disclosure Fulfillment in 2014