Partnership to Provide New Technological Innovations for Forms and Data Mapping
CARSON, Calif. - (BUSINESS WIRE) - July 22, 2003 - Document Systems, Inc. (DSI), a developer of software, tools and Web-based systems for the production of compliant loan document packages and Jacksonville, Fla.-based MortgageFlex® Systems, Inc., a leading provider of mortgage automation software, today announced an alliance to strengthen forms and data mapping for mortgage lending clients.
The partnership enables MortgageFlex clients using the LoanQuest® product suite that automates all functions inherent to the loan origination process to submit loan-specific data directly to DSI's DocMagic® Online module, a browser-based system for producing and distributing closing loan documents. The partnership brings together flexible document printing capabilities, a library of industry standard documents, the ability to create customized documents and the capability to transfer documents electronically via email or web posting.
"Our relationship with Document Systems, Inc. allows us to further broaden the reach of our LoanQuest suite, the industry's only end-to-end mortgage lending solution, in the market," Lester Dominick, president of MortgageFlex, said. "We believe integrating DocMagic Online and LoanQuest strengthens the forms and data mapping process within LoanQuest and provides an important value-add to our partners and customers."
MortgageFlex transfers data to DocMagic using extensible markup language (XML), meeting the Mortgage Industry Standards Maintenance Organization (MISMO) standards for paperless mortgages.
"The partnership between MortgageFlex and DSI brings together leaders in the mortgage technology industry to give customers proven solutions that they can depend on," said Don Iannitti, president and CEO of Document Systems, Inc.
"Integrating DocMagic Online and LoanQuest gives MortgageFlex users the ability to choose from our existing library of forms or have custom forms created, as well as benefit from having the forms packaged and electronically completed. This eliminates the existing burden of developing and managing their own forms."
About MortgageFlex Systems, Inc.
For additional information about MortgageFlex Systems, Inc., please visit the company's Web site at www.mortgageflex.com.
About Document Systems, Inc.