Digital Docs, Inc.

Is a Dallas-based financial services compliance and technology provider offering web-based solutions to meet the demands of the mortgage industry.

Digital Docs responds rapidly to competitive market pressures to constantly anticipate and implement process improvement. Responsive reaction to changes in products, pricing, and business rules is in the best financial interest of the company. Digital Docs' core philosophy is that the efficient aggregation of forms facilitates the effective aggregation of data.

Digital Docs specializes in meeting the technological, compliance, and documentation requirements of the financial and banking industries. We understand the importance of being able to process "any loan, any form, any field" off one document database while accurately updating the system of record. While many of our clients are technological innovators, regulatory compliance and risk analysis is at the core of our business.

We actively work with our customers to co-develop and test new processes and products that enhance work flow, file delivery, data storage, and retrieval. Because we are transaction oriented, we recognize that the ultimate goal of any business process is consumer satisfaction and retention.

Customer Satisfaction We at Digital Docs are confident that lenders share our concern for the customer's experience, and appreciate the increased efficiency and productivity that our platform provides. We view our relationship with our customers as a strategic partnership. In that light, we are continuously developing new programs and enhancements to meet the latest changes in the technological and regulatory landscapes.

Our document database facilitates (i) the generation of new and existing loan products; (ii) creates and manages business rules for loan packaging; and (iii) integrates, audits, or re-calculates the financial calculations from the loan origination system technology. The document database is designed to electronically support any form needed to process, close, file, or service the loan package including pre-disclosures, loan applications, closing instructions, loan documentation, and funding instructions.

Integrated with Digital Delivery, Inc. a Fannie Mae tested eSign technology provider. Digital Delivery, Inc. provides lenders and investors with complete eMortgage solutions as well as eConsulting services. The application is a web-based solution which includes eDisclosures, SMART Document creation and packaging, integration with Settlement Agents with the ability to support electronically signing title forms, integration with the MERS® eRegistry (includes all eNote servicing functions), and eDelivery to the investor with a click of a button.

Functionality Digital Docs' core business is the management of a document database that supports collection of loan data through a user friendly web interface or by importing data directly from the customer's existing origination system.

It's designed to support compliance and investor audits. The loan data is utilized to automatically provide the following audits:

  • Fully compliant Truth-in-Lending calculations
  • Section 32, State Anti-Predatory Lending, and Fannie Mae/Freddie Mac Agency 5% fee tests
  • FHA Data Analytics
  • OFAC Checks for each individual borrower
  • HUD-1/HUD-1A calculations with the ability to integrate with escrow systems for settlement agent support

Features - Digital Docs integrates the following products, processes, and technologies into one service at a transactional price:

  • Standard forms creation and maintenance by Compliance Source
  • Custom forms creation and maintenance by Digital Docs
  • Product development project management in conjunction with the customer's legal and compliance department
  • Programming the loan product rules, financial calculations, and compliance audits on the document database
  • Monitoring loan products for state and federal compliance
  • Integration with Settlement Agents for dynamic HUD-1/HUD-1A preparation
  • Integration with eClosing Rooms
  • Maintenance of a secure data center meeting OCC requirements and GSE eCustodian requirements
  • Ability to use CalyxPoint with Webconnect, giving the ability to order documents without ever leaving the CalyxPoint Application.

Most vendors do not combine product development, risk analysis, product implementation, document preparation (i.e., calculations and form packaging), compliance audits (Section 32/OFAC), custom form maintenance, proactive compliance, change management, delivery options, tracking, reporting, data storage, and integration services into a single transactional price. This allows our customers to fix their costs while achieving efficient management of their loan product documentation.