Santander Bank Selects Docutech’s™ ConformX™ to Optimize Loan Processing Efficiency with Compliant, Automated Document Generation
IDAHO FALLS, IDAHO, JULY 25, 2017 – Boston-based Santander Bank is now live with Docutech’s ConformX, the leading dynamic document generation and compliance technology for mortgage, home equity, and consumer lending. Using ConformX as part of its mortgage loan processing allows Santander to increase efficiency, reduce the cost of maintaining compliance and enable the convenient, secure, electronic transmission of loan packages to clients.
“ConformX ensures that Santander is complying with all applicable regulatory requirements while helping us deliver a superior customer experience to our clients,” said Joseph Monk, Chief Information Officer at Santander Bank. “By generating compliant mortgage loan documents locally, we will be able to deliver them to our customers quickly, securely and electronically, providing them with the added convenience of being able to review them anytime and anywhere.”
In less than five months, Docutech seamlessly integrated ConformX with the Bank’s current Loan Origination Software (LOS) on an expedited schedule. The technology is also being integrated as part of Santander Bank’s upcoming migration to Empower, Black Knight’s premier LOS.
Serving 15 of the top residential mortgage lenders, ConformX enables lenders to generate dynamic loan documents, provide SolexTM eSign functionality anytime, anywhere, through any device, and provide the most robust LOS Pushback architecture to integrate efficiently to the industry’s leading LOS vendors. Docutech’s attorneys and legal experts work with investors and key regulatory agencies to maintain the most accurate updates to changing regulations and investor requirements, ensuring lenders remain compliant with the latest regulations.
“Lenders not only need robust technology solutions to drive their business forward, they also need partners who can ensure that the implementation and integration with existing platforms runs efficiently,” said Ty Jenkins, CEO of Docutech. “We strive not only to provide powerful and modern document technology solutions, but to also deliver outstanding integration, implementation, and ongoing support that lenders such as Santander Bank can leverage to optimize their day-to-day operations as quickly as possible.”
About Santander Bank
Santander Bank, N.A. is one of the country’s largest retail and commercial banks with more than $83 billion in assets. With its corporate offices in Boston, the Bank’s 9,500 employees, more than 650 branches, 2,100 ATMs and 2.1 million customers are principally located in Massachusetts, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania and Delaware. The Bank is a wholly-owned subsidiary of Madrid-based Banco Santander, S.A. (NYSE: SAN) – one of the most respected banking groups in the world with more than 125 million customers in the U.S., Europe, and Latin America. It is managed by Santander Holdings USA, Inc., Banco Santander’s intermediate holding company in the U.S. For more information on Santander Bank, please visit www.santanderbank.com.
Founded in 1991, Idaho Falls-based Docutech offers a wide range of document technology solutions for mortgage, home equity, and consumer lending from document generation to eDelivery, eSign 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 at www.docutech.com or follow them on social media at LinkedIn or Twitter @Docutech.