Contour Document Service Offers New Solutions; New Service Provides an Internet Based and Highly Efficient Service to Lenders.BOSTON--(BUSINESS WIRE)--Oct. 11, 1999-- Contour Document Service, a division of Contour Software Inc. is announcing the availability of the most advanced doc prep solution available. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. company officials, the new service provides a 24x7 system that uses an extensive rules based Using "if-this, do that" rules to perform actions. Rules-based products implies flexibility in the software, enabling tasks and data to be easily changed by replacing one or more rules. artificial intelligence engine. This replaces the previous human-based review offered only during business hours BUSINESS HOURS. The time of the day during which business is transacted. In respect to the time of presentment and demand of bills and notes, business hours generally range through the whole day down to the hours of rest in the evening, except when the paper is payable it a bank or by a and significantly improves overall accuracy and efficiency. Further, this system uses the Internet to transmit data and ship documents allowing lenders to print a complete set of closing documents from any Internet connection. Prior to printing, users can now perform a print preview A software function that displays on screen the way a document will print on paper. Print preview eliminates wasting paper as corrections are made before the document is printed. In addition, network printers are not always close by and easily accessible. , which eliminates printing incorrect documents. These combined solutions empower the customer to request and print closing documents anytime/anywhere. For situations that require a sign-off from an attorney or wholesaler, Contour now offer a "sign and release" service, which allows for an electronic approval before documents can be forwarded to the closing table. For those states that require attorney involvement, Contour Document Service now offers an actual attorney to approve documents prior to closing. "These are significant enhancements for the hundreds of lenders that use Contour Document Service handling thousands of loans each month. They can now use a highly efficient system that will allow them to place orders at anytime. Further, if the lenders need help, they have access to a large staff of support people," said Lucille Johnson, vice president of services at Contour. "We've created a blend of services to better meet our clients' needs." Clients can use the Contour Document Service software to access the service or import loan information into the service from The Loan Handler and other loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. systems such as Calyx calyx (kā`lĭks): see sepal. POINT and Genesis 2000. The information is sent via modem or the Internet to a customer service representative, and the file is sent back within six to eight minutes. If clients make a mistake while filling out the information during non-work hours, the service will alert them. During work hours, a customer service specialist can guide clients through the system. Contour Document Service is part of a family of services that make up the Virtual Mortgage Company offerings where any aspect of a mortgage operation may be outsourced. Contour Internet Services and Contour Processing Services can originate and process a loan that Contour Document Service can close. These enhancements are the last needed to make the Virtual Mortgage Company offerings entirely Internet based. About First American First American may refer to:
The First American Financial Corporation, based in Santa Ana Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif., is the nation's leading provider of business information and related products and services. The corporation's three primary business segments include: title insurance; real estate information and services, which includes mortgage origination, mortgage servicing Mortgage servicing The collection of monthly payments and penalties, record keeping, payment of insurance and taxes, and possible settlement of default , involved with a mortgage loan. and database products and services; and consumer information and services, which provides home warranties; automotive, subprime and direct-to-consumer credit reporting; insurance and automotive tracking services; resident screening; pre-employment screening; lender-placed flood and hazard insurance Hazard Insurance Insurance protecting a property owner against damages caused by fires or severe storms. If the owner lives in an area that is prone to natural disasters, like earthquakes and floods, he or she may need a separate policy. ; investment advisory; and trust and banking services. Through its family of companies, First American Financial has nearly 20,000 employees in more than 600 branch offices in the United States and abroad. Information about the company and an archive of its press releases can be found on the Internet at www.firstam.com. About Contour Software Inc. Founded in 1982, Contour Software offers practical solutions for the mortgage loan finance industry. The company's flagship product, The Mortgage Banking Series, is a complete line of software products for every facet of mortgage lending, from qualification to servicing. With a customer base of 40,000 active seat licenses, Contour Software is a technology leader with the most complete line of software products and the most electronic commerce connections in the industry. Customers include mortgage bankers, mortgage brokers, credit unions, commercial banks and savings institutions. A wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of First American Real Estate Information Services See Information Systems. , Contour has 115 employees and 40 additional sales representatives located across the United States. For more information, contact Scott Cooley, President, Contour Software, 700 West Hamilton, Campbell, CA 95008-0403, call 800-CONTOUR (800-266-8687) or visit www.contoursoft.com, www.mtgloan.com, www.eclose.com, or www.processloan.com. |
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