Joint effort targets loan origination
March 18, 2004
Document Systems Inc. teams with tech. co. to provide document preparation services
Document Systems Inc. on Tuesday announced the merger of its FillMagic document processing engine with Framework Inc.'s LendWare credit fulfillment platform, which aims to provide lenders the ability to seamlessly develop and print mortgage documents.
The FillMagic form-fill engine, which is Java-based, can run independently or via a Web server and can be scaled to accommodate virtually any volume. FillMagic enables lenders to electronically complete mortgage forms by using an XML request file to transfer data to and from the client's loan origination system. FillMagic aims to provide added security, instantaneous processing response times, unlimited scalability, flexibility and distributed processing. Unlike other document preparation services, which are application service provider-based, FillMagic can be hosted by the lender's server(s) on-site using their own hardware.
LendWare is a comprehensive Web services-based credit fulfillment platform that automates the decisioning and delivery of financial products across all distribution channels. LendWare provides secure real-time access to all data and services. Using Web browsers and XML-based integrations, LendWare can be accessed by consumers, employees, brokers, agents, affiliates and systems. XML/XSLT capabilities allow new interfaces to be easily built and modified.
Carson, Calif., Document Systems Inc. is a mortgage technology company that develops software, processes and Web-based systems for the production of compliant loan document packages.
Framework Inc. provides financial institutions with a comprehensive platform of Web services, enabling automated transaction fulfillment in the delivery of new and innovative credit products.
Copyright: Inman News Features