By integrating Docutech’s flagship ConformX dynamic document generation engine with Cloudvirga’s digital mortgage platform, data can be pulled directly from the POS. From there, rules-based intelligence is applied to automate the creation of accurate and compliant loan disclosures for all 50 states.
As such, this integration enables fast and compliant delivery of disclosures. The combination of Cloudvirga’s comprehensive loan data and Docutech’s built-in compliance checks will give loan officers confidence that loan packages are accurate and compliant from the start, the companies say in a release.
As part of the partnership agreement between the companies, Cloudvirga will also offer Docutech’s Solex e-sign and e-delivery functionality by way of the Cloudvirga platform.
Solex enables borrowers to compliantly review and sign documents using any web-enabled device. When paper delivery of the loan package is required, the ConformX print and mail fulfillment service ensures documents are delivered in the required time frames.
“By seamlessly combining Cloudvirga’s automated workflow, comprehensive guidelines and calculations for all loan products with Docutech’s comprehensive suite of document and compliance solutions, we’re empowering loan officers to generate disclosures with ease – and to get it right the first time, every time,” says Kyle Kamrooz, co-founder and chief strategy officer for Cloudvirga.