SigniaDocs Releases Innovative Mortgage Servicing Solution
Process and View Mortgage Documents in Electronic Format with Guaranteed Compliance
HOUSTON -- SigniaDocs, Inc., a service provider of compliance technology and solutions for mortgage document preparation, announced the release of its fourth-generation document preparation system, Signet Direct. The product of more than three years of research and development, Signet Direct provides an innovative way to process all loan data at the origination stage, and then view, print and deliver documents in a digital format. The company assures reliability and offers guaranteed compliance.
SigniaDocs' web-based, XML supported solution is built on the latest technology and incorporates industry-best practices for digital signatures, SMART docs and regulatory compliance. Signet Direct seamlessly integrates with other mortgage solutions, including Calyx Point, Data Trak, Byte, Empower and Emcompass, to automate the loan process from origination to closing. This significantly reduces input time and further promotes accuracy. By using SMART docs technology, clients can easily transfer data to an HTML format, making documents accessible on the Web.
"We provide our clients with the latest technology to electronically process loan data as well as the ability to view and store the loan document," said Paul Anselmo, president and CEO, SigniaDocs. "Not only does this technology set us apart from our competitors, but our dedicated team of top legal professionals with more than 15 years of experience has catapulted SigniaDocs to a leader in the evolutionary shift toward truly electronic mortgages."
In addition to a top legal team, SigniaDocs' maintains a detailed, up-to-date database that is consistently monitored for all legal and regulatory changes throughout the mortgage industry to further assure compliance. Established relationships with major mortgage investors nationwide guarantee all custom mortgage loan products are maintained and compliant at all times.
Strategic partnerships with Brooks Systems and Encomia further enhance the quality of SigniaDocs' solution. Brooks System, a leading provider of compliance technology, allows SigniaDocs to provide a rapid, online response for Truth-In-Lending (TIL) calculations and High-Cost Loan Analysis. In order to provide clients the ability to generate, validate and reserve a Mortgage Identification Number (MIN) with the system, SigniaDocs uses MERS[R], an electronic loan registry created by the real estate finance industry to eliminate assignments when trading mortgage loans. MERS[R] receives all necessary data when SigniaDocs registers a loan, maximizing efficiency. SigniaDocs also established a partnership with Encomia, a leading provider of integrated solutions to electronically consolidate mortgage processes. Encomia technologically assists SigniaDocs to provide e-signature capabilities, allowing the end borrower to seamlessly view and sign the final processed loan in an electronic format.
"With the Signet Direct solution, costs associated with manually processing loans are significantly reduced, saving up to $250 per loan," said Anselmo. "Lenders are able to process loans much quicker, and our communication platform between mortgage companies, buyers, title agencies, appraisers and surveyors increases the efficiency of loan closings."
About SigniaDocs, Inc.
Headquartered in Houston, SigniaDocs is a mortgage loan product company that specializes in the area of document preparation with guaranteed compliance, as well as the capabilities to store and sell the loan in the secondary mortgage market. SigniaDocs' senior consultants possess decades of experience within the mortgage industry, and a team of attorneys is dedicated to ensuring compliance for all of the company's products. The company's premier product, Signet Direct, is a full-MISMO compliant electronic document preparation system that merges the industry's best practices using SMART docs and digital signatures with guaranteed compliance to seamlessly integrate with other mortgage solutions and automate the loan process from origination to closing and beyond, including electronic vault and secondary market delivery. For more information, contact SigniaDocs at or www.signiadocs.com.
20-Year Partnership with Law Firm Guarantees Compliance
HOUSTON -- SigniaDocs, Inc., a service provider of solutions for mortgage document preparation, guarantees compliance for all mortgage loan documents by partnering with an experienced real estate-focused law firm, Shanks Darby, P.C. The attorneys have close to 30 years of experience working with real estate regulations and the mortgage industry.
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The associates of Shanks Darby stay abreast of the latest laws and ordinances from the federal and state levels all the way down to local municipalities.
Unlike a typical client/vendor relationship, the partnership between Paul Anselmo, the president and CEO of SigniaDocs, and George Shanks, the founding partner of Shanks Darby spans 20 years. SigniaDocs' document preparation system, Signet Direct[TM], is actually the fourth-generation document preparation system that Shanks and Anselmo helped implement. Signet Direct was partially the result of the law firm's years of experience of working with competitor mortgage servicing solution companies.
"Each company always was touted as the best," said Shanks. "And, we would always find deficiencies. When Paul came to me with the idea to build a system that was truly from the ground up to help eliminate all the existing problems - usually resulting from patch-work solutions - it just made perfect sense."
Signet Direct resulted from more than three years of research and development. The document preparation system seamlessly integrates all the necessary components and provides an innovative method to process all loan data at the origination stage. Users can then view, print and deliver their loan documents in a completely digital format.
"We drew upon our collective experiences in the industry to create a product that is virtually unmatched by today's industry standards," said Anselmo. "Maintaining the partnership with Shanks Darby seals the most important part of the deal for our customers. It's a relationship that has no risk of disintegrating." Anselmo added, "In addition to the latest technological components and quality enhancements through our partnerships with Encomia and Brooks Systems, the law firm partnership gives us that final piece of the puzzle - that of guaranteed compliance in all 50 states."
A leading provider of compliance technology, Brooks Systems allows SigniaDocs to provide a rapid, online response for Truth-In-Lending (TIL) calculations and High-Cost Loan Analysis. SigniaDocs also established a partnership with Encomia, a leading provider of integrated solutions to electronically consolidate mortgage processes. Encomia technologically assists SigniaDocs to provide e-signature capabilities, allowing the end borrower to seamlessly view and sign the final processed loan in an electronic format.
At one time, George Shanks was the largest provider of mortgage loan documents. Today, Shanks Darby, P.C. brings their expertise to keep SigniaDocs up to date on any changes in compliance, HUD regulations and other relevant mortgage industry guidelines. Through this partnership, SigniaDocs keeps the law firm on retainer, as the law firm is an equity partner in SigniaDocs. "It is through this strong relationship, that we are able to go that extra mile," said Anselmo.
About SigniaDocs, Inc.
Headquartered in Houston, SigniaDocs is a mortgage loan product company that specializes in the area of document preparation with guaranteed compliance, as well as the capabilities to store and sell the loan in the secondary mortgage market. SigniaDocs' senior consultants possess decades of experience within the mortgage industry, and a team of attorneys dedicated to ensuring compliance for all of the company's products. The company's premier product, Signet Direct, is an electronic document preparation system that adheres to MISMO standards, merging the industry's best practices using SMART docs and digital signatures with guaranteed compliance to seamlessly integrate with other mortgage solutions and automate the loan process from origination to closing and beyond, including electronic vault and secondary market delivery. For more information, contact SigniaDocs at or www.signiadocs.com.
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