Mortgage document preparation vendor International Document Services Inc. (IDS) and loan software provider MortgageFlex Systems have teamed up to develop a ‘lights out’ interface between IDS' flagship mortgage document preparation system, idsDoc, and MortgageFlex's LoanQuest loan origination system (LOS).
As per a press release, the interface between idsDoc and LoanQuest allows users to generate compliant mortgage documents in idsDoc without leaving the LoanQuest system. Also known as a blind interface, this allows LoanQuest to remain the database of record but gives users access to all the capabilities of idsDoc, such as the audit system and the E-Sign tool.
‘With all the regulatory changes lenders have faced just in the past three months, simplicity is a lender's best friend these days,’ says Mark Mackey, executive vice president at IDS. ‘At IDS, we always strive to make life easier for our clients, and integrations like these allow lenders to access multiple best-in-class systems while streamlining the origination process.’
Audit details are displayed in LoanQuest, including explanations, links to regulations and cost test results. The interface also has the ability to create custom mappings according to the lender's preference, as well as support all seven package types to generate docs. This integration allows users to conveniently include processing docs and verification forms in their packages. Borrowers also have access to idsDoc's E-Sign functionality through LoanQuest, further simplifying the document signing process.
