Compliance and Regulatory Issues.
Who: Don Iannitti, president and CEO of Document Systems, Inc.,
can provide expert commentary on the importance of having
custom mortgage lending packages available to the mortgage
industry, the importance of having compliant documents, and
ways mortgage technology companies can ensure lenders are in
compliance with all regulations. Iannitti is available to
speak on the following key issues facing the mortgage
industry:
-- Compliance for states that have enacted predatory lending
laws
-- The preemption of state predatory lending laws by federal
law - how to obey the limits of legislation
-- Usury automation - how to prevent massive fines for
lenders and brokers
-- How customized packages save a lender time and money
-- How lenders can tailor each document within the package to
meet the demands of its jurisdiction
-- Things mortgage technology companies are doing to develop
these unique packages
What: DocMagic(R), DSI's closing loan document production software,
provides an efficient system for producing and delivering
customized closing loan documents, which can be tailored by
DSI's legal staff to the specifications of customer and
investor needs. DSI's new copyrighted mortgage lending
packages are an addition to its already extensive library of
more than 50,000 industry-standard forms available. In states
with elaborate predatory lending laws, DSI has automated the
high cost loan determination process to enable customers
to automatically get a determination of whether the loan
they are making falls within the lending laws in that
jurisdiction. The software also allows users access to
section 32 analysis. Additionally, in states that limit the
amount of points and fees a lender can finance in the loan,
DSI has created audits that alert customers to the point and
fee cap giving users a greater sense of security when
pursuing loans.
When: Don Iannitti is available to provide expert commentary
immediately.
Contact: To speak with Don Iannitti or for more information, contact
Jennifer-Robyn Dunn at 678-781-7205 or via email at
jenniferrobyn@williammills.com.
About Document Systems, Inc. Founded in 1988 and headquartered in Carson Carson, city (1990 pop. 83,995), Los Angeles co., S Calif., an industrial and residential suburb of Los Angeles; inc. 1968. Oil refining is the major industry; fabricated metals, paper, and other products are manufactured. The California State Univ. Dominguez Hills is there. , Calif., Document Systems, Inc. (DSI (Dynamic Systems Initiative) An umbrella term for a suite of Microsoft products that help manage the Windows environment in large enterprises. DSI was introduced in 2003. ), is a mortgage technology company that develops software, processes and Web-based systems for the production of compliant
tr.v. reg·u·lat·ed, reg·u·lat·ing, reg·u·lates 1. To control or direct according to rule, principle, or law. 2. changes at federal and state levels to ensure accuracy. DSI is the first company in the mortgage industry to develop a fully integrated mortgage customer contact management system, LoanMagic(TM), that is specifically designed to meet the needs of loan officers to help streamline streamline, path of a fluid flowing steadily and without appreciable turbulence. A body is said to be streamlined if its shape offers the least possible resistance to a current of air, water, or other fluid. the tasks involved with acquiring leads, managing contacts and gathering all personal and credit information necessary to secure a loan. For more information on DSI, visit the company's Web site at www.docmagic.com. |
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