Major lender conducts first live Solex eClosing, SMART®

Doc eNote registration and transfer

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Docutech, the leading provider of document, eSign, eClosing, and

compliance technology for mortgage, home equity and consumer lending,

today announced that its Solex eClosing and eVault solution has been

approved by Fannie Mae for eClose, eNote, and eVault functionality. In

addition, the Solex eVault has received certification from the MERS

eRegistry for all eNote management transactions.

Solex eClosing and eVault enables lenders to securely close and register

electronic notes on the MERS eRegistry and deliver them with full

confidence that each mortgage satisfies investor requirements.

Leveraging Docutech’s proprietary and enhanced Solex eVault, lenders can

securely and automatically store eNotes, register them on the MERS

eRegistry and transfer control to investors via direct VPN connectivity

to Solex. The MERS eRegistry serves as the legal system of record for

identifying the Controller (holder in due course) and Location

(custodian) for the Authoritative Copy of every registered eNote in the

country today.

In conjunction with Solex’s Fannie Mae approval and MERS certification,

Docutech announced that a top five retail mortgage originator has

executed its first eClosing using Solex, including registering an eNote

on the MERS eRegistry and delivering it to Fannie Mae.

The Solex eClosing platform, in partnership with Simplifile, provides

lenders with a comprehensive Integrated eClosing solution, with eSigning

efficiencies from initial document generation through post-closing.

Combined with Docutech’s dynamic document generation engine ConformX,

lenders can automatically generate digital, data-driven documents that

adhere to rules-based intelligence and meet specific loan criteria.

Docutech and Simplifile’s intelligent eEligibility engine analyzes each

closing package to be as “e” as it can be, according to state, county,

and investor variations. Hybrid options include eSigning of ancillary

documents, plus options for SMART Doc eNotes, eNotarization and

eRecording.

“We are honored to work side-by-side with leading lenders in the spirit

of driving innovation and delivering an exceptional customer

experience,” said Amy Brandt, Docutech’s president and CEO. “Fannie Mae

and MERS have been critical to the actualization and furtherance of

eMortgages within our industry. With their backing, we can ensure that

our solutions meet the highest standards and are able to comprehensively

serve lenders and their customers in the evolution to a fully digital

mortgage.

About Docutech

Founded in 1991, Idaho Falls, Idaho- and Scottsdale, Arizona-based

Docutech offers a wide range of document technology solutions for

mortgage, home equity, and consumer lending from document generation to

eDelivery, eSign, eClose and print fulfillment. The company sets the

standard in providing market-proven technology and unrivaled customer

service to the financial industry. Docutech’s knowledge and solutions

empower lending professionals to efficiently produce accurate loan

packages in all 50 states to ensure compliance with constantly changing

laws and regulations. For more information, visit the company's website

or follow them on social media at LinkedIn

or Twitter @Docutech.

Contacts

For Docutech

Stephen Sprayberry, 678-781-7207

or

Maddie

Russo, 678-781-7230