Lenders One Mortgage Cooperative, an alliance of mortgage bankers, has formed a partnership with Document Systems, a mortgage technology company, to provide cooperative members with preferred pricing of DocMagic’s fully compliant initial disclosures and closing documents.
According to Lenders One, DocMagic, a flagship product of Document Systems, integrates with all loan origination software systems to provide lenders with error-free mortgage documents and the latest document delivery options.
The cooperative saw an opportunity in partnering with Document Systems to help members streamline processes with e-disclosures and closing documents reviewed by in-house compliance experts, said Lenders One.
Scott Stern, CEO of Lenders One, said: DocMagic solutions can be implemented with ease and have the flexibility to be used in a variety of business models for lenders of all sizes. Our members will improve customer service and their competitive advantage in the marketplace with the quality and innovation of products provided from this relationship.
Steve Ribultan, sales manager for Document Systems, said: DSI is very excited to become a part of the Lenders One family of banks and vendors. We take pride in our more than 20-year proven track record of reducing operational costs and maximizing profits. Using our services gives lenders the ability to generate fully compliant and accurate documents and disclosures the first time, every time.