In an effort to enhance its banking and mortgage services, Mountain View, Calif.-based First Tech Federal Credit Union is now using DocuTech Corp.'s ConformX document compliance software.
The credit union opted to implement ConformX due to its strong integration with its loan origination software (LOS), LendingQB.
In a release, Todd Prior, mortgage operations manager of First Tech Federal Credit Union, says DocuTech's products ‘enable us to control the quality of our loan disclosure and document services and stay ahead of the regulatory curve.’
The credit union currently has $6.5 billion in assets. Its approximately 350,000 members are served through more than 39 branch locations nationwide.
‘Times are changing, and the rate of regulatory change poses a justifiable concern for lenders,’ says Scott K. Stucky, chief strategy officer of DocuTech. ‘As such, lenders have an urgent need for efficient loan document and compliance products. We are pleased that First Tech Federal Credit Union will now be equipped to meet high demand and stay ahead of regulatory changes that are expecting to occur over the next year.’