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Banking and Finance News
Mortgage Lenders' Top Concerns for Doc Prep Solutions Include Compliance Review, Document Delivery, IDS Hears from Lenders One Conference
Thu, 18 Mar 2010, 14:51:00 EST
SALT LAKE CITY, Utah (SEND2PRESS NEWSWIRE) -- Based on feedback received at the Lenders One Mortgage Cooperative Winter Member Conference in Orlando earlier this month, mortgage document preparation vendor International Document Services (IDS) learned that when it comes to doc prep functionality, compliance review capabilities and document delivery mechanisms are at the top of lenders' wish lists.
IDS is a mortgage document preparation vendor for closing documents, initial disclosures and reverse documents. Lenders One is one of the leading alliances of independent mortgage banking companies and the ninth largest mortgage originator in the United States. Lenders One announced its preferred vendor partnership with IDS in September 2009.
Approximately 200-220 lenders attended this year's Lenders One Mortgage Winter Conference. Lenders One holds a member conference twice a year and this was the first one for 2010. During the four-day conference attendees discussed investor strategies, benefits and how to help provide services for their customers through co-ops. There were also closed-door sessions about specific topics, including new RESPA compliance reform.
"Lenders One members were consistent in noting the critical importance of compliance review functionality and document delivery mechanisms in selecting their document preparation service provider," said IDS team member Matthew Mackey. "Lenders One creates a valuable interactive environment where lenders and their service providers can productively discuss challenges such as regulatory compliance and investor relationships. It is an ideal opportunity for the kind of dialog that produces solutions, and we were pleased that our investments in developing idsDoc have been on target."
About IDS Inc.:
IDS is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, reverse documents, initial disclosures and fulfillment. IDS's solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees and a solid compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS Web site at www.idsdoc.com . For more information, Ali Knudsen in Marketing at firstname.lastname@example.org or 800-554-1872.
About Lenders One Mortgage Cooperative:
Lenders One is a national alliance of mortgage bankers which was established in 2000 and is based in St. Louis. With more than 140 members originating $60 billion in mortgage loans annually, the Lenders One alliance ranks as the fifth largest mortgage originator in the U.S. Lenders One leverages its aggregate buying power and preferred-investor relationships to negotiate better lending terms and provide premium business services at reduced costs. Its mortgage productivity system additionally allows members to close more loans, satisfy continuing education requirements and market themselves more powerfully. For more information about membership, contact Tim Stern 866.728.5678 or visit www.lendersone.com .
NEWS SOURCE: International Document Services, Inc.
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