A communication between a Wavoid and docutech.
-----Original Message-----
From: xxxxx
Sent: Monday, November 10, 2003 4:20 PM
To: docutechcorp.com
Subject: Progress with e-mortgagge alliance and Wave Systems
Dear Sir,
I am an investor in Wave Systems and am curious to learn how the 90th Annual MBA meeting went for Docutech. I am also curious about how much traction the e-mortgage alliance is gaining in the industry.
Would you please share with me any recent wins or cite trends you have seen.
Thanks,
----- Original Message -----
From: docutechcorp.com
To: 'xxxxxxx
Sent: Wednesday, November 12, 2003 4:20 PM
Subject: RE: Progress with e-mortgagge alliance and Wave Systems
Sorry it took me a few days to get back to you.
Regarding DocuTech - The one thing about docs is that everyone needs them since they are a required part of the process. We always set up meetings in advance so the main conferences like this are always booked up and a success.
Regarding the eMortgage Alliance, we established this at the start of the year knowing that this year was going to be dedicated to some basic missionary work to inform and educate the industry on two primary messages; 1) Just what are eMortgages and 2) That (like DocuTech and WAVE) real solutions do exist out there today and are ready to be implemented.
I do track what the primary industry publications write about when it comes to technology and we have received a lot of press regarding. Based on what the MBA has planned with MISMO and the believe our relationship is going to get closer to them, the trend is going to continue primarily because there really is not much else out there that holds as much promise as this initiative. Despite huge investments in technology, lenders have not really seen any improvement in operational efficiencies or costs. In fact, the cost of origination has actually gone up. Lenders know they have to find a better way to if not completely eliminate, then at least streamline their paper based processes.
2003 was dedicated to education, 2004 is going to be focused on and dedicated to implementation. FYI I have included an updated collateral we created for the show. Please don't hesitate to call me if you have any questions or just want to further validate things.
DocuTech Corporation
eMortgage Solutions
---------------------
P.S. from Snackman
On page 7 & 8 of the pdf file you can see Wave. For some reason I can't cut & paste the pdf file. If someone knows how to get it to work with a correct link, here it is: eMortgageAllianceBookletFIN.pdf.
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