SAN DIEGO, CA, March 31, 2011 (Press-News.org) Axacore Inc., a provider of document imaging, fax server technology and messaging solutions that are supported by high-performance web servers and browser interfaces, reports that the company has witnessed an increase in information requests from loan origination technology providers for easy-to-integrate document management capabilities. The requests are being driven by compliance concerns on the part of lenders and have resulted in a number of LOS providers integrating the Axacore solution into their technologies over the past few months.
"Lenders are demanding functionality that will allow them to remain in compliance with current and upcoming government regulations," said Steve DeBlasio, National Sales Manager for Axacore. "LOS providers have recently been inundated with core system change requests related to regulatory compliance and investor loan quality requirements and it's taxing their internal resources. These firms just don't have the time to fit building a full-featured EDM solution into their development cycles, thus they have sought to deploy our proven, powerful document management system, XDOC."
Axacore's XDOC loan document management system offers the flexibility company clients require while providing a system that easily integrates into the LOS. Technology vendors recognize that XDOC simplifies document capture, provides effortless loan delivery, provides auto indexing, eliminates costly quality control and audit file requisitions, and provides several other time-saving benefits.
In addition, XDOC eliminates paper and ensures that lenders' data is secure, compliant with Sarbanes Oxley, RESPA, TILA, and offers disaster recovery and business continuity and many other ways to trim overhead and comply with regulations.
About Axacore
Axacore, based in San Diego, is a provider of powerful electronic document management systems that offer the flexibility of paper at a fraction of the cost. XDOC and FaxAgent offer lenders a flexible, customizable platform that reduces overhead, speeds the loan origination process, and continues to produce efficiencies throughout the life of the loan. The technology enables loan originators, processors and closers to simultaneously view and monitor the status of files, determine if documents are missing, or if additional information is required to close the loan, thus reducing turn times by days. Electronic Investor delivery, eliminates the time and expense of traditional delivery methods. Axacore, through various distribution channels has licensed their software to over 160 lenders that have realized these benefits. Find more about Axacore's XDOC document management solutions at http://www.axacore.com/xdoc/.
Axacore Mortgage Document Management Solutions
http://www.axacore.com/xdoc/
http://www.axacore.com
Steve Deblasio
858-427-4301
sales@axacore.com
Axacore Reports More LOS Vendors Seeking Out Loan Document Management Solutions
There is a trend that sees more loan originators seeking out technology with integrated document management functionality. The trend is being driven by compliance pressure.
2011-03-31
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[Press-News.org] Axacore Reports More LOS Vendors Seeking Out Loan Document Management SolutionsThere is a trend that sees more loan originators seeking out technology with integrated document management functionality. The trend is being driven by compliance pressure.