Northwest Bank Enhances Consumer Loan Offerings with Docutech™
To better meet its growing consumer lending needs, Warren, Penn.-based Northwest Bank recently selected Docutech, a leading provider of compliance and documentation technology, to provide their robust loan document and electronic signature capabilities. Docutech’s flagship solution, ConformX™, will help streamline Northwest Bank’s consumer loan processes and improve efficiency.
Northwest Bank executives highlighted Docutech’s industry leading service and expertise as key factors in their decision to work with the technology provider. However, the major selling point for Northwest Bank was Docutech’s dynamic process for assembling and delivering documents to borrowers quickly and easily. With the help of ConformX, Northwest Bank gains the ability to generate, distribute and track closing documents for consumers with just a few clicks.
“Having been familiar with Docutech’s position in the industry for several years now, we were extremely pleased to see the addition of consumer loan documents to the company’s current offerings and knew we wanted to work with them as soon as possible,” said Chip Pfohl, consumer loan manager for Northwest Bank, “As a result of our relationship with Docutech, we have already gained greater flexibility within our individual document sets and are now having to maintain a much smaller inventory of documents overall.”
ConformX, which is integrated into Northwest Bank’s existing LOS, enables the lender to generate documents with no additional data entry, since the loan data is pulled directly from the database. The software is designed to automatically create mortgage docs and offers eDelivery or paper-based fulfillment options, reducing operational costs and improving productivity.
“As the mortgage industry continues to experience significant changes and regulations, we provide innovative solutions for today’s lenders to help simplify day-to-day operations within their institutions,” said Ty Jenkins, chief executive officer for Docutech. “With the addition of consumer lending documentation to our existing suite of solutions, we can help progressive lenders like Northwest Bank enhance their operational efficiency while maintaining compliance with the latest regulatory changes.”
About Northwest Bank
Headquartered in Warren, Pennsylvania, Northwest Bancshares, Inc. is the holding company of Northwest Bank. Founded in 1896, Northwest Bank is a full-service financial institution offering a complete line of business and personal banking products, employee benefits and wealth management services, as well as the fulfillment of business and personal insurance needs. Northwest operates 167 full service community banking offices and nine free-standing drive-thru facilities in Pennsylvania, New York, Ohio and Maryland, and 51 consumer finance offices in Pennsylvania through its subsidiary, Northwest Consumer Discount Company. Northwest Bancshares, Inc.’s common stock is listed on the NASDAQ Global Select Market (“NWBI”). Additional information regarding Northwest Bancshares, Inc. and Northwest Bank can be accessed on-line at www.northwest.com.
Founded in 1991, Idaho Falls, Idaho-based Docutech offers a wide range of document technology solutions. From dynamic document generation to eDelivery, electronic signatures and print fulfillment, Docutech sets the standard in providing market-proven technology and unrivaled client service to you, your workforce and your clients. For more information, visit the company’s website at www.docutech.com.