DocuTech Names Lawyer for Texas Mortgage Doc Reviews
Idaho Falls-based DocuTech selected Texas attorney Fredric Gooch as its preferred attorney for mortgage document preparation and review, the company announced Tuesday. This isn’t the first time Gooch has worked with DocuTech. Prior to starting his Texas law firm that specializes in mortgage lender services, he was DocuTech’s compliance counselor. DocuTech said its prior relationship with Gooch will reduce the time lenders must wait to access new mortgage documents in compliance with upcoming regulatory changes, including the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). In Texas, state law requires mortgage documents be prepared or reviewed by an attorney. Texas lenders using DocuTech’s document compliance software will have access to Gooch’s services. “The final quarter of 2009 and beginning of 2010 will bring more regulatory changes to lenders than anytime this decade,” Gooch said. “Lenders cannot afford to spend extra time waiting on new documents to be approved, so this arrangement will ensure all changes are completed by the first day of each new regulation.” Write to Austin Kilgore.