IDS Upgrades Mortgage Document Interface with Avista Solutions to Support Mortgage Lenders’ Data Integrity, Process Improvement Efforts - September 8, 2011 by timemanagementmum

Cloud-based LOSSALT LAKE CITY, Utah, Aug. 7, 2011 (SEND2PRESS NEWSWIRE) — International Document Services (IDS), a mortgage document preparation vendor, and Avista Solutions, a leader in sophisticated Cloud-based loan origination systems, have enhanced their partner interface to centralize data entry and create a seamless interaction between their respective systems.

The new iteration of the interface embeds idsDocs directly into Avista Agile™ so that users do not have to switch between systems for origination and document preparation. All loan data is entered into both systems through Avista Agile, creating a single point of contact that ensures the integrity of the data remains intact while also streamlining the data entry process.

“There is something to be said for lenders adopting a ‘best-of-breed’ strategy for vendor selection, particularly when the stakes for failing to execute zero-default loans are as high as they are,” said IDS Executive Vice President Mark Mackey. “However, if these best-of-breed systems cannot work together, then it’s all for naught.”

“The idsDoc system is the perfect complement to Avista’s sophisticated Cloud-based LOS, and by strengthening the integration between the two, we can provide our shared customers a powerful platform to tackle origination and compliance challenges head-on,” he added.

“We want to work with the best of the best. It’s what our customers deserve and what will ultimately set Avista apart from its competitors,” said Michael Picker, Avista’s Senior Vice President of Sales. “Avista’s choice to partner with IDS for doc prep services was an easy one. IDS demonstrates dedication to its clients, as well as to continuously improving its technology, which is directly in line with Avista’s business philosophy, and the idsDoc system has provided first-rate service for Avista’s customers.”

About Avista Solutions:
Avista Solutions, the Mortgage Technology magazine “2007-2008 Mortgage Technology Help Desk Award Winner” and a perennial “Top 50 Mortgage Technology Provider,” is a leader in sophisticated Cloud-based loan origination systems. Avista Solutions’ suite of mortgage lending software provides complete, end-to-end solutions incorporating loan origination, product eligibility, pricing and imaging that can be rapidly implemented across all origination channels. For more information, please call (843) 619-4800, or visit www.AvistaSolutions.com .

About IDS Inc.:
IDS is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, reverse documents, initial disclosures and fulfillment. IDS’s solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees and a solid compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS website at www.idsdoc.com or call 800.554.1872.

News Source: International Document Services, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .


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Titan Lenders Corp Signs Eight Mortgage Lenders in First Half 2011, Including National Bank, Correspondents and Broker-to-Bankers - August 3, 2011 by timemanagementmum

mortgage fulfillment servicesDENVER, Colo., Aug. 2, 2011 (SEND2PRESS NEWSWIRE) — Titan Lenders Corp. (TLC) added eight new mortgage lender clients in the first half of 2011, including a national bank, correspondent lenders and broker-to-bankers. TLC, a U.S.-based domestic mortgage fulfillment outsource operation, offers a parallel and variable cost alternative solution to lenders that need to maintain correspondent back office and warehouse line management operations.

“Overall business growth in the first half of 2011 was stagnant due to myriad changes thrust upon the industry,” said TLC founder and president Mary Kladde. “LO compensation, plus other regulatory overlays, stifled the market in the first half of the year. Now that the dust has settled, we are seeing renewed interest in the broker-to-banker model. Additionally, correspondent lending has begun to accelerate and community banks are also vying for a leadership role as well, by absorbing market share through acquisitions of mortgage lending operations.”

In short, she explains, there are many mortgage lender business models jockeying to add competition to a Big Bank-dominated market place through innovation and common sense operations strategies.

TLC’s newest clients include Illinois-based MIE Financial Inc. and Lincoln Mortgage and Funding Corp.; Maryland-based Bayshore Mortgage Funding; Texas-based NDFC Capital Corp.; Florida-based Bankers Choice Mortgage Corp. and Advanced Mortgage Planners; Virginia-based Dominion Capital Mortgage; and New Jersey-based Fort Lee Federal Savings Bank.

According to Kladde, Illinois-based correspondent lender MIE Financial is an example of adaptation to the new realities of mortgage lending.

“Outsourcing our back office operation has been key to securing MIE’s status as a correspondent lender,” said MIE Financial owner Igor Velyunskiy. “On the front end, we originate through a popular LOS that manages our pipeline. When it comes to closing and selling MIE-originated loans, that’s where Titan makes all the difference.”

“Reputation is what makes a mortgage lending business viable,” he explained. “That is why it was very important to me personally that MIE Financial be able to serve its customers, then close their loans in its own name. Working with Titan Lenders Corp. has been a strategic element of our correspondent lending business model.”

MIE Financial operates largely as a one-person mortgage banking business, Velyunskiy said.

Titan Lenders Corp.’s patented, proprietary web-based software Cerberyx (CBX) supports a full suite of mortgage fulfillment services, including: funding, compliance, closing, post-closing, purchase review for correspondents and warehouse lenders, trailing documents, MERs management, FHA insuring, and document management (imaging). CBX’s flexible rules-based architecture allows TLC clients to define field level decision trees, priorities, checklists and process management specific to an investor product variance or a cross-investor climate.

About Titan Lenders Corp.:
Titan Lenders Corp. ( www.TitanLendersCorp.com ) is one of a specialized few providers of mortgage back office fulfillment services, a not-well-understood facet of mortgage lending that includes closing, funding, and post closing services. Community banks, credit unions, mortgage bankers and brokers, and warehouse line lenders use outsource providers strategically to minimize compliance risks in a time-sensitive error-averse environment. Fluctuations in mortgage lending volume also lead some mortgage lenders to outsource their entire back office operation and secure predictable “per transaction” pricing rather than maintaining an inflexible static in house staff.

TLC is a preferred provider for some of the nation’s largest mortgage bankers and warehouse lenders.

News Source: Titan Lenders Corp :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: Send2PressNewswire.com .


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Low Charge Business Mortgage – An Cheap Supply Of Finance - June 7, 2011 by timemanagementmum

Is business loan the only source of finance available to a businessperson? No, there are quite a number of strategies by which the businesspersons can elevate cash for business purposes. Business loans need to compete with authorities grants, which cost nothing to the entrepreneur. For entrepreneurs who need to not use external sources of finance, [...]
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Mortgage Doc Prep Provider IDS Appoints Mark Mackey Vice President - December 9, 2010 by timemanagementmum

mortgage documents and complianceSALT LAKE CITY, Utah, May 2, 2011 (SEND2PRESS NEWSWIRE) — International Document Services, a mortgage document preparation vendor, has promoted National Sales Director Mark Mackey to vice president. As company vice president, Mackey will guide operational aspects of IDS’s businesses, leading the company in day-to-day operations and reporting directly to IDS president Curt Doman.

“IDS growth in employees and production has accelerated in recent years to the degree that we identified our need for an additional leadership role, allowing us to maintain our commitment to superior product development while responding to increased demand on our operations,” said Doman. “From a business maturation perspective, the time is right to add another voice and empower another individual. Mark is a natural fit for this role due to his experience, determination and relationship skills.”

In the 12 years Mackey has worked for IDS, he has experienced firsthand the evolution of the company and the transformation of the mortgage industry. As its national sales director Mackey earned the business of new IDS customers, ensured the loyalty of existing customers and engaged a thorough knowledge of the idsDoc system. He has focused on developing demos and helping adapt the idsDoc system to fit any IDS customer requirements. Mackey worked in commercial development for Salt Lake City, Utah-based KMS Commercial Development before started his mortgage document sales career with IDS.

“As a mortgage doc prep company, IDS constantly deals with document updates, regulations and changes, making quick adaptation a must to ensure compliance with evolving industry rules,” said Mackey. “My hope is that years of experience navigating the cycles of the mortgage industry have prepared me to assume a leadership role with IDS as we prepare for this next wave of change.”

Mackey Graduated from Brigham Young University with a Bachelor of Arts in English and later received his Masters of Business Administration.

About IDS Inc.:
IDS is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, reverse documents, initial disclosures and fulfillment. IDS’s solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees and a solid compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS website at www.idsdoc.com or call 800.554.1872.

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News Source: International Document Services, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: Send2PressNewswire.com .


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