MortgageDocs launched a document signing and management platform — myMortgageDocs — for notaries, lenders, title and escrow companies this week.
The new platform offers a number of cutting-edge enhancements that allow for timely order updates and reconciliation to assist notaries and firms with their reporting and auditability.
“With the recent volatility in mortgage industry conditions coupled with increased scrutiny on security, we understand that compliance and borrower protection are top-of-mind concerns for our clients,” said MortgageDocs CEO Christian Redmond.
With the new system, business process workflows are streamlined, quality controls are strengthened and compliance safeguards are enhanced. The safeguards are essential for a mortgage environment increasingly focused on complying with existing and newly promulgated regulations by the Consumer Financial Protection Bureau.
"We architected myMortgageDocs as an industry-leading tool with a smooth user interface, mobile-friendly architecture and an intuitive user experience that offers increased visibility into order status — enabling our clients and partners to make real-time, informed decisions for their closings," Redmond added.
myMortgageDocs provides flexibility and support for third-party software integration as well as direct order entry to the site. The platform also features real-time document tracking and adds account-level reporting and the first phase of detailed analytics.
Currently, MortgageDocs caters primarily to notary fulfillment orders, but the new system will provide the company the necessary flexibility to expand their offering into other verticals.