Docs on Demand Features

Docs on Demand is an all-in-one mortgage loan closing document preparation and smart compliance software. It is secure, web-based,
easy to use, and has an intuitive design to help you accurately
and efficiently close your loans.

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compliance and business rules

Docs on Demand Compliance Audits

The Docs on Demand closing document preparation and compliance system performs hundreds of automatic compliance audits on the loan data entered. The system issues fatal errors and warning messages to the user. The loan will not proceed with any fatal errors and the user is prompted to review all warning messages. The compliance audits performed for a particular loan are customized depending on the loan type, loan purpose, loan product, investor, and many other criteria. Docs on Demand offers and produces a variety of on-screen reports, which may be printed, for the compliance audits that it performs. Compliance audit reports may be run at any time for a loan in Docs on Demand.

Some of the primary Docs on Demand compliance audits include:

  • TILA-RESPA Integrated Disclosures (TRID) Fee Variance Test
  • Section 32 High Cost Loan Test
  • Section 35 Higher Priced Mortgage Loan (HPML) Test
  • Mortgage Disclosure Improvement Act (MDIA) APR Test
  • Ability to Repay (ATR) Qualified Mortgage (QM) 3% Fees and Points Test
  • Mortgage Insurance Compliance Audit
  • Escrow Compliance Audit
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Docs on Demand screen image showing Subject Property Information
What is docs on demand?

A Deeper Dive Into Docs on Demand

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Data Entry
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.
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Business Rules
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.
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Document Production
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.
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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.
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Docs on Demand is hosted by Amazon Web Services, Inc. with its cloud web hosting.
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Customization and Updates
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.
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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.

Contact us today to learn more about Docs on Demand and see a demo

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