Friday, September 30, 2011

Moving Toward a Tailored Approach to Doc Prep

Recently IDS Executive Vice President was interviewed by Managing Editor of Mortgage Technology Magazine to dicuss the improtance and the changes that doc prep has brought to the mortgage industry, especially in the past couple of years. This article hit doc prep right on the nose and the things that lenders are going through today.

Austin starts out by stating that mortgage document prepartion software is kind of like shopping for a new suit. Like the rows of suits in a variety of styles, colors and sizes; massive libraries contain a variety of ready-to-use electronic forms for lenders to prepare initial disclosures and closing documents. IDS has a document library of over 20,000 loan documents and we continue to add forms to our library in order to our customers in 100% compliance.

Kilgore goes ont o say that to complete the look, the store has a clerk perfectly coordinating suits with the right dress shirts and ties, while most doc prep technologies boast integrations with loan origination systems to pull relevant borrower and loan data to complete the final package. But as the technology continues to evolve it is becoming less analogous to an off-the-rack suit store and more to the custom-fit approach of an indvidually tailored piece as rules engines are increasingly incorporating real-time compliance update, documents that automatically adjust entry fields to accommodate unique data and specialized features to mee lender specifications. IDS is all about 'custom fit' with several options to add data that is specific to one lender, but not to another. IDS wants to be able to work with each of our clients in a flexible way to get them the documents they need at the closing table. IDS includes custom fields, wizards and templates that incorporate a company's ever need.

As Mackey said the change is a function of increasing lender expectations. No longer can vendors simply provide basic templates that can't be customized or quickly updated. It used to be that we were just a forms company. You now have to be able to perform the ability to customize those documents and make those documents mold to specific loan situations. Yes the IDS library full of forms has the basic outline of disclosure and closing documents, but our library is constantly being updated to reflect business changes that affect regulatory and investor compliance, as well as to provide any additional process ,workflow or additional documents that lenders want.

IDS is more than an off the rack doc prep system where you get your account set up and there are your docs. Yes they are compliance, but it won't do anything custom unique for your company. But the custom-fit option is easy to use and first lenders' needs. You hit a button and everything is done, versus you hit a button and that's when your work starts.

IDS always wants to give you an easy to use system that gives you better work flow and compliance all in the same package. For more information about getting started with IDS contact one of our sales team at 800.554.1872

*To view the full article Moving Toward a Tailored Approach to Doc Prep click here.

Wednesday, September 28, 2011

Meet An IDS Employee

Meet Customer Service Representative- Alecia Shaw
Many of you have probably worked with Alecia because she has been at IDS for seven years! She loves working at IDS because she gets to work directly with our clients and build personal relationships with them.
Alecia has four people in her family including her, her husband and her two boys
She loves a good steak dinner, being a mom and camping with her family and did I mention she loves all comedies. Alecia is always happy to help IDS customers!

Tuesday, September 27, 2011

MBA 98th Annual Convention & Expo

MBA 98th Annual Convention & Expo . Chicago . IL . October 9th-12th

Are you attending?! We are, IDS will be in booth #1111! Come say hi to Mark, Matt or Ali. We will also be joining in on the many festivites that will be going on around Chicago! Should be a great trip. There won't be any bikers at our booth this year. The IDS Bike Challenge for Atlanta Habitat for Humanity was a great event and a great success, but this year we are mixing it up! Stay tuned for more IDS events and tradeshow news and updates.

*Ali Linthorst- Marketing Communication Coordinator

To schedule any meetings, demos or dinners please contact your sales representative!

Quote of the Day

 “The difference between school and life? In school, you're taught a lesson and then given a test. In life, you're given a test that teaches you a lesson.”

Monday, September 26, 2011

Mortgage Technology Top Tech Savvy Lenders

Each year Mortgage Technology recogonizes the best tech users in the buisness. In past years the list features lenders that use technology to improve their business processes, provide exceptional customer service and increase their overall mortgae business. This year was a little bit different with nominations coming from the lenders themselves or partnering vendors nominating lender clients. IDS nominated three of our lender clients and were happy to see that eight IDS clients were featured on the list.

This year the awards recognized lenders that have a commitment to using sound technology and regularly implementing new innovations to produce marked business improvements, as it is said in Mortgage Technology Magazine.

IDS was thrilled and wants to congratulate all of our clients that were featured on this years Mortgage Technology Top Tech Savvy Lenders list!
  • 360 Mortgage
  • Benchmark Bank
  • CMG Mortgage
  • First Centennial Mortgage Corp.
  • Inlanta Mortgage
  • Michigan Mutual
  • Mortgage Network
  • Supreme Lending

Friday, September 23, 2011

Shocking Moments

Tragedy in Unexpected Places
Tragedies are often those moments that make you physically sick, you can feel your stomach drop and your mouth drop in utter shock. The silence and atmosphere seems cold and fuzzy like something in a dream. But unfortunately tragedies happen and they happen often, but as humans we get through them and it might take some time. IDS was recently struck by tragedy and as a company we are doing everything we can to keep those individuals in our thoughts and prayers. We should always be thankful for the blessing we have. Have an enjoyable weekend.

Social Butterfly

Did you know that IDS has a Twitter and LinkedIn? Also there are several IDS employees featured on LinkedIn as well. Make sure to follow us!
  • Twitter: @idsDoc
  • LinkedIn: IDS, Inc., Ali Linthorst, Matthew Mackey, Mark Mackey, Kortney Harward, Tyler Sebresos, David Pang and Alecia Shaw

Thursday, September 22, 2011

Welcome- IDS, Inc.

Welcome to the IDS, Inc. Docs in Motion blog! 

For those of you who don't know IDS stands for International Document Services and we are a leadig nationwide provider of mortgage loan documents: closing docs, initial disclosures, compliance and fulfillment. At this point you may be wondernig 'what makes IDS so special'?

First off the overall abilities and functions of our document solution, idsDoc, far exceeds other doc prep solutions. Second IDS combines finance industry expertise with certified computer experts offering you finished and legally compliant documents in a matter of seconds through an easy-to-use interface, which is always integrated with you Loan Origination System. Third the development at IDS is based off the direct requests of our customers, allowing us to create a wide array of customizable features and value added tools that cater exactly to your company needs! Fourth 100% compliance is our first priority. So if you are an IDS customer we invite you to tell us exactly what you want and how you want and you can do that right here on our blog! We are always available and ready to help. Contact us at 800.554.1872