DocuTech takes leadership position in testing CFPB rules
DocuTech Corp., an Idaho-based leader in mortgage document compliance services for lenders nationwide, has taken a leadership role in two initiatives. DocuTech is leading a response from lenders to the Consumer Financial Protection Bureau’s (CFPB) recently announced Project Catalyst, which seeks to involve mortgage executives in testing new disclosure forms, and the company has been tasked with providing monthly analysis of top compliance issues in a leading publication dedicated to the mortgage industry.
"The CFPB recognizes that what seems like a good idea in theory often hits unexpected obstacles when put into full production," said Scott K. Stucky, chief operating officer for DocuTech. "We are in a unique position to help lenders not only evaluate the disclosures from a content perspective, but to also test ease of implementation and the impact to operations."