TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/1205400
8 | M R EP O RT MTECH Flexing Mortgage Capabilities DOCUTECH AND MORTGAGEFLEX ARE JOINING FORCES THROUGH THE CONFORMX ENGINE. D ocutech, a provider of doc- ument, eSign, eClose, and print fulfillment technol- ogy, announced an agreement of integration for dynamic document and digital mortgage capabilities with MortgageFlex Systems, a leading loan origination software (LOS) and servicing provider. Once live, the integration will enable lenders utilizing MortgageFlexONE to gener- ate loan documents through Docutech's ConformX dynamic document engine and enable relevant documents for eDeliv- ery, eSign, and eClose through Docutech's Solex platform. "As we continue to grow and extend our reach in the mortgage industry, we're focused on improv- ing the experience for borrow- ers while decreasing origination costs, streamlining processes, and improving compliance for lenders," MortgageFlex Systems COO, Craig Bechtle said. "Integration with Docutech's industry-leading doc gen, eSignature, and eClosing tech- nology is key to that pursuit." MortgageFlexONE is an intuitive system operating on a modern, relational database. The system enables support for both mortgage and consumer lending operations through the entirety of the origination process. Paired with a variety of interfaces, users have heightened security with PPE technology, a graphical workflow tool, and a reporting dashboard building tool. "We are thrilled to be partner- ing with MortgageFlex," said Amy Brandt, President and CEO of Docutech. "MortgageFlexOne's unique vision and single system of record for all mortgage and consumer loan types aligns well with Docutech's integrated doc gen and digital mortgage capabili- ties. As lenders strive to optimize efficiency and deliver a true digital mortgage to their customers, strategic technology integrations that enable them to do more are critical." Absolute Home Mortgage Acquires Retail Presence THE INTEGRATION OF THE HAUSM BRAND NAME WILL ENABLE EXPANSION INTO CHICAGO. A bsolute Home Mortgage Corporation, which origi- nates consumer mortgages, announced that it has entered into an agreement to acquire the origination platform of Haus Mort- gage (HausM), a local residential mortgage originator and digital marketing provider, headquartered in Chicago. The integration of the HausM brand name will enable Absolute to streamline and advance the expan- sion process in the Chicago market for consumers who purchase homes through HausM and its retail organization force. This is consistent with Absolute's strategy to cre- ate an expanded retail presence in target markets through a technology backed retail organization model. Absolute will continue its cur- rent line of business, offering mort- gages to consumers and increasing technology-based efficiencies to both consumers and mortgage in- dustry professionals. Expanding to the Chicago market will allow the company to develop new tools and partnership opportunities, includ- ing expanding its technology based digital marketing approach. Both companies demonstrated consistent growth year-over-year. In 2019, Absolute's expansion included a 50% increase in retail loan originators, and the company intends to continue its focus on growth in retail originators for years to come. HausM, supported by state-of-the-art digital marketing firm ParadigmNEXT, exceeded its origination goals by 60% this year and forecasts more than 200 per- cent growth through its integration with the Absolute brand. "Absolute's culture and technol- ogy are going to allow the HausM