Document Systems, Inc. Adds New Web Services; Company Making Proven Technology Available Using Cutting-Edge Technology.

CARSON, Calif. -- Document Systems Inc. (DSI) is making the mortgage loan document preparation functionality that the company has built into its DocMagic Direct Web-based document preparation platform for larger lenders available as Web services. By making its software components available as published services accessible to any lender using software built on a Services Oriented Architecture (SOA), DSI will give lenders greater control over how they use the tools the company has created.

"Our software has always been built around ease of use," said DSI president and CEO Don Iannitti. "With DSI's Web services, we are making it easy for lenders to get access to the powerful functionality we have built without having to use our standard client-based applications to do it. Our clients can now access our back-end servers directly to get exactly what they want when they want it and seamlessly integrate the desired functionality into their own processing environments."

DSI developed its Web service tools to serve larger lenders that wanted to build the company's document processing and compliance solutions into their own internal platforms. Now, the company is making the functionality available to any lender that wants to access it directly. However, Iannitti admits that larger lenders are more likely to take advantage of the power that the new, Web-based functionality offers.

Unlike traditional applications that require interaction with a human user, Web services allow automated systems to reach out for the data automatically, as long as the systems are built on SOA and the Web services they contact are published services that the company is authorized to access. Beyond that, it allows lenders to access powerful functionality developed by other vendors and integrate it seamlessly into their existing software. Users may not even be aware that the buttons they are pressing are now activating updated toolsets.

"SOA is very powerful when properly leveraged and when the right Web services are available," Iannitti said. "Lenders are finding that having access to our document preparation and compliance functionality in this manner offers them some powerful advantages."

Chief among these is the speed with which data can be accessed, often within two seconds, and the flexibility the system offers the users. Companies can build business rules into their systems that will automatically determine when the company reaches out to access DSI products or services and under what conditions. By allowing automation to take over more of the process, companies can save time and money as they move their loans to the closing table faster.

DSI's compliance products are among the most popular of the firm's new Web services. The company's in-house compliance department develops and maintains thousands of quality control audits, Section 32, high-cost loan tests that provide legislative compliance in all 50 states and much more. Having access to such tools via Web service makes it easy for lenders to access a particular test whenever their lending automation determines that a loan may be in danger of violating an anti-predatory lending ordinance. The functionality provides fast answers that ensure compliance without slowing down the lending process.

Other functionality is also available via Web service, such as DSI's Add-A-Plan system that facilitates instant access to more than 10,000 loan programs for over 1000 lenders nationwide, aggregate impound account forecasting and other computations such as APR's, payment amounts, simple interest and bi-weekly computations, complete loan amortizations and more.

These new tools came from the work DSI completed to bring its DocMagic Direct product to market, which uses an XML stream delivered via SOA to return a complete document package to a lender's LOS system within seconds.

"As the industry continues to embrace SOA and Web services, DSI will continue to focus on adding functionality to its growing menu of Web services," Iannitti said. "The new functionality we are offering now is being leveraged by lenders of all sizes to lower their costs, increase the accuracy of their documents and increase the satisfaction of their customers."

Iannitti expects the offerings to be attractive to lenders that already realize the value of outsourcing certain functionalities to third parties. Unlike traditional outsourcing, where human intervention requires a meshing of cultures to ensure effectiveness, Web services and SOA are outgrowths of the Internet and Web-based applications and are easier to integrate, cheaper to use and don't stand between the lender and its customer.

About Document Systems, Inc.

Founded in 1988 and headquartered in 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. Along with its loan document production system, DocMagic(R), DSI provides legal expertise regarding the completion of all applicable forms, and both guarantees and warrants that all agency forms are up-to-date and in compliance with GSE requirements. DSI's staff includes a team of compliance experts that constantly monitor legal and regulatory 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 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.