SALT LAKE CITY, Utah, Oct. 3, 2018 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has built a brand new interface with mortgage loan origination and servicing technology provider MortgageFlex Systems that operates on the MISMO® Version 3.3 data standard. Developing a new integration based on this advanced data standard ensures joint IDS-MortgageFlex customers are able to fully comply with a host of regulatory requirements that operate off the MISMO Version 3.3 standard, including TRID 2.0 and the Uniform Mortgage Data Program (UMDP).
“One of the keys to ensuring a seamless, user-friendly experience for our clients is developing and maintaining integrations with the industry’s leading LOS platforms,” said IDS Vice President and General Manager Mark Mackey. “Re-building our integration with MortgageFlex to MISMO 3.3 sets our mutual clients up for success in October when TRID 2.0 goes live while also providing a more updated data standard from which they can operate for the foreseeable future.”
An IDS partner since 2014, MortgageFlex supports retail, wholesale and correspondent lending channels through its MortgageFlexONE Origination platform. By utilizing a blind interface with IDS’s flagship mortgage document preparation platform idsDoc, joint users are able to complete all document preparation functions within MortgageFlexONE Origination, ensuring it remains the system of record throughout the transaction and eliminating potential data transfer errors.
In addition, MortgageFlexONE users also have access to additional functionality within idsDoc from the MortgageFlexONE Origination platform, including hybrid eClose and eSign capabilities and a full range of state and federal compliance audits.
“Developing a MISMO 3.3 document interface was important to us. We believe that building a lights out integration with a leading partner like IDS and using MIMSO 3.3 will only benefit our current and future clients,” said Craig Bechtle, executive vice president and Chief Operating Officer at MortgageFlex. “We all know that the new loan application will require extensive data changes and we feel comfortable that we have addressed a big part of that migration.”
About MortgageFlex Systems:
MortgageFlex Systems was founded in 1980 in Jacksonville, Fla. for one reason – to simplify mortgage lending. After 38 years, we’re still focused on the mortgage industry and dedicated to providing lenders with smart software solutions. Our mission is to provide retail, wholesale, and correspondent channels with the most cost-effective LOS and servicing software. Our services include 24/7 support, hosting, managed services, and implementation. MortgageFlex Systems looks to cultivate a strong partnership and is dedicated to helping reach your optimal potential with our LOS, MortgageFlexONE – ‘The New Peak of Efficiency.’ http://www.mortgageflex.com/ (904) 356-2490
About IDS, Inc.:
IDS, a Reynolds and Reynolds company, was founded in 1986 in Salt Lake City, Utah, and is a nationwide provider of mortgage documents and compliance. IDS services include electronic signatures, closing documents, initial disclosures, document fulfillment and integration with leading loan origination systems and eClosing platforms. 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. (https://info.idsdoc.com/)
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News Source: International Document Services Inc.