Make No Mistake: Advantage Investors Mortgage Delivers Accurate Closing Documents Through DocsDirect.Business Editors MCKINNEY McKinney, city (1990 pop. 21,283), seat of Collin co., N Tex.; inc. 1849. It is a shipping point for cotton, cattle, and grains. Manufacturing includes electronic equipment, leather and food products, marble items, and copper wire. , Texas--(BUSINESS WIRE)--Dec. 17, 2003 DocsDirect DataSync identifies discrepancies, diminishes costs of correcting errors before documents are finalized See finalization. DocsDirect, developer of a Web-based, intuitive mortgage document solution, implemented its closing document technology, DataSync(TM), with Dallas-based Advantage Investors Mortgage Corporation. The DataSync technology allows mortgage branches or brokers to independently prepare mortgage closing documents and minimizes errors in those documents to a negligible  This article or section is written like a personal reflection or and may require .Please [ improve this article] by rewriting this article or section in an . level. This saves money for the lender by eliminating the costly nuisance nuisance, in law, an act that, without legal justification, interferes with safety, comfort, or the use of property. A private nuisance (e.g., erecting a wall that shuts off a neighbor's light) is one that affects one or a few persons, while a public nuisance (e.g. of correcting documents. "Thorough checks and balances of closing documents require a number of resources," said Laurel Laurel, cities, United States Laurel. 1 Town (1990 pop. 19,438), Prince Georges co., central Md., about halfway between Washington, D.C., and Baltimore; patented in the late 1600s, inc. 1870. Meyer Mey·er , Annie Florance Nathan 1867-1951. American writer and a founder of Barnard College at Columbia University (1889). Her plays include The Dominant Sex (1911) and Black Souls (1932). , senior vice president of operations, Advantage Investors Mortgage. "DataSync opened the door to more than just cost savings and eliminating document errors. Now, we have more time to focus on customer service, and we close more loans." The DataSync system pulls loan information from the branch user's 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. software (LOS LOS Length of stay, see there ) database, compares it to information on that same loan provided by the lender's database and highlights any discrepancies between the two parties. Information is then processed and audited against statutory and lender-designated compliance standards before the documents are finalized and delivered. "Make no mistake: Error-free closing documents could save the mortgage industry hundreds of millions of dollars," said Dennis Schwartz, founder of DocsDirect. "The 'virtual handshake' DataSync creates between the wholesale lender and its brokers provides a new level of clarity in reconciling loan information." Advantage Investors Mortgage ties into DocsDirect's DataSync closing document system through an interface with San Diego-based Del Mar Del Mar is the name of several places in the United States of America:
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. Meyer, DataSync's intuitive format requires minimal training. "The technology is fool proof and the learning curve is flat. System-wide changes usually require a few days of instruction; we train our employees on DataSync in two hours." In addition, DataSync's Web-based structure enables execution of system-wide upgrades at one central location. Changes made in the incorporated business rules or closing package requirements for Advantage Investors Mortgage are instantly realized at other satellite locations. With branches in 23 states, Advantage Investors Mortgage began rolling out DataSync at its corporate office in mid-November. The remaining branches will be live by Jan. 1, 2004. About DocsDirect McKinney, Texas-based DocsDirect is a full-service document solutions provider. Founded in 1989, DocsDirect is a Web-based, intuitive, closing document system for wholesale lenders and their brokers. DocsDirect is the first system capable of reducing errors and redundancies throughout the entire loan process, saving mortgage professionals both time and money. |
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