Docs on Demand easily integrates with leading loan origination software (LOS) systems to facilitate one-time data entry. It automatically performs extensive regulatory compliance audits with each set of closing loan documents, and you may also add your own custom loan data validations. The secure document image archive feature helps facilitate your paperless office environment and its document image forwarding feature gives you the ability to securely send document images with e-mail delivery notifications. Docs on Demand is a trusted closing loan document and compliance solution for mortgage lenders of all sizes nationwide.
Mortgage closers can enter data or import data from a variety of commercially available loan origination systems. Data entry is performed on a web browser, and requires no special software other than the web browser and an internet connection. All system maintenance, software, documents, and updates are administrated centrally.
A business rules database contains tables of business policies and contact information for multiple investors, brokers, and correspondents, as well as for other loan policies that vary with states, agencies, loan products, fees, and documents. The business rules database controls everything in the loan package, including the layout of data screens, the available loan products, the loan fees, the selection of documents to be printed, validation formulas, and much more.
The resulting disclosures, notes, riders, security instruments, and other documents are packaged in Adobe PDF format for quality control and distribution to the point of closing. Document packages are distributed over a secure download site with email notifications sent automatically to single or multiple parties.
The stages of processing, funding, quality control, and document delivery are traced by the program in a time-stamped record showing the time, date, and closer performing each operation. Billing for the services allows for line items within each loan either to be billed at closing or to be invoiced cumulatively to the lender.
Docs on Demand is hosted by Amazon Web Services, Inc. with its cloud web hosting.
The data entry screens, validation rules, and document selection are all created with an "Application Authoring System", which allows modification to all these features on a day-to-day basis without the need to re-write programming code.
Each closer, administrator, and other parties operating the application are set up with a specific username and password by a system administrator. Each loan file contains tracking information that traces the time, date, and user performing data modifications and producing documents for that loan.
"Always very happy with the service! I honestly don’t know what I would do if I have to change to another closing program/servicer lol! I know the screens, etc. like the back of my hand, so I usually sail right through working up our closings."
- Customer, Grove, Oklahoma