DocuTech, a provider of compliance services and documentation technology for the mortgage industry, has added automated document delivery via sFTP to its document compliance software, ConformX.
ConformX's sFTP functionality creates a snapshot of every loan disclosure package as it is generated, the company says. This enables lenders to better track and manage documents requiring borrower signatures, improving accuracy and ensuring that all documents are signed and returned. The sFTP feature also supports e-signatures, enabling lenders to automatically image, store and retrieve signed documents.
‘ConformX's sFTP automatically captures every page of a disclosure package, eliminating the need to manually copy, file, search and retrieve documents to ensure compliance with laws and investor guidelines,’ says Scott K. Stucky, chief operating officer of DocuTech.