Utah

IDS Makes Fourth Appearance on Mortgage Technology’s Annual ‘Top 50 Service Provider’ List

Mortgage documents

SALT LAKE CITY, Utah, May 21, 2014 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS) announced it has made its fourth consecutive appearance on the Top 50 Service Providers list, issued by SourceMedia’s Mortgage Technology magazine.

Announced May 19 as a supplement to Mortgage Technology’s sister publication National Mortgage News, the Top 50 Service Providers list recognizes lenders “for their accomplishments in four criteria – continued advancement of technology and services, viable revenue model and value proposition, exceptional customer service and unique impact on the mortgage industry.” A 2013 finalist for the Lenders’ Choice Mortgage Technology Award, IDS was recognized for its achievements in electronic signature adoption amongst its client base and system upgrades made throughout the year.

According to the magazine, “[IDS] boasts that nearly 52% of the document packages and 18% of 4506-T requests that lenders generated with its technology were e-signed in 2013. The company’s document preparation system, idsDoc, was integrated with additional LOS platforms and redesigned to include an updated user interface and multi-browser compatibility.”

Over the nomination period (April 2013 to March 2014), IDS also completed all January 2014 Dodd-Frank Act changes by November 2013 to allow clients to become familiar with the changes and added E-signature support for FHA documents. In addition, IDS experienced significant corporate growth over the past year. The company increased its overall staff by 45 percent and its customer service staff by 72 percent to maintain its service levels while implementing all of the incoming regulatory changes over the past year. IDS also experienced healthy growth in its customer base, with all sales regions seeing at least a 20 percent increase in new customers.

“At the core of every business decision IDS makes is the question, ‘How will this improve service for our customers?’” said IDS Executive Vice President Mark Mackey. “To be recognized for our efforts in this endeavor is truly an honor, and we thank the editorial staff of Mortgage Technology for bestowing us with this distinction for a fourth year in a row.”

About IDS, Inc.:

IDS, founded in 1986 in Salt Lake City, Utah, is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, initial disclosures and fulfillment. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. The system is backed with compliance and document guarantees. IDS succeeds with unsurpassed customer service, sophisticated technology, and a diligent compliance team. Lenders looking to get more out of doc prep can visit the IDS website at http://www.idsdoc.com/ or call 800-554-1872.

NEWS SOURCE: International Document Services, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope®. Original syndication source of this press release: http://www.send2press.com/newswire/IDS-Makes-Fourth-Appearance-on-Mortgage-Technology-s-Annual-Top-50-Service-Provider-List_2014-05-0521-001.shtml.


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IDS Sees Significant Mortgage Document E-sign Adoption Among Customers in 2013

mortgage documents

SALT LAKE CITY, Utah, May 1, 2014 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS) announced more than half (51.6 percent) of all document packages it processed in 2013 were signed electronically. In addition, following the IRS’s approval of electronically signed 4506-T documents in late 2012, 18.5 percent of all 4506-T documents processed by IDS were E-signed in 2013.

“Electronic signature adoption continues to grow amongst lenders, particularly as more federal and state entities begin to accept E-signed documents,” said Mark Mackey, executive vice president at IDS. “Now that the Federal Housing Administration has begun accepting E-signed documents, we expect to see continued growth in E-sign adoption, both within our customer base and industry wide.”

IDS also saw 20+ percent growth in all of its sales territory regions, with the most growth occurring in the Midwest region (31 percent). Subsequently, IDS increased its overall internal staff by 45 percent and its customer service staff by 72 percent to manage the continued customer growth.

“Compliance has become a competitive advantage for lenders, and despite declining volumes in the industry, IDS saw an increase in its customer base, due in large part to the compliance features built in to idsDoc,” Mackey said. “When you take into account all of the audit capabilities and E-sign functionality idsDoc possesses, plus our integrations with numerous LOS systems and our outstanding customer service, IDS stands head and shoulders above its competitors.”

Other significant company achievements for IDS in 2013 include:

* Recognition as a “Top 50 Service Provider” by Mortgage Technology Magazine;
* Selection as a finalist for the Mortgage Technology “Lender’s Choice” Award;
* Implementation of the Dodd-Frank Act January 2014 Final Rules by November;
* Issuing the IDS’s Implementation of the Final Rules: Dodd-Frank January 2014 manual;
* Completion of integrations with LOS providers OpenClose and LendingQB; and
* A company feature in the November issue of Mortgage Banking Magazine.

About IDS, Inc.:

IDS, founded in 1986 in Salt Lake City, Utah, is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, initial disclosures and fulfillment. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. The system is backed with compliance and document guarantees. IDS succeeds with unsurpassed customer service, sophisticated technology, and a diligent compliance team. Lenders looking to get more out of doc prep can visit the IDS website at http://www.idsdoc.com/ or call 800-554-1872.

NEWS SOURCE: International Document Services, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope®. Original syndication source of this press release: http://www.send2press.com/newswire/IDS-Sees-Significant-Mortgage-Document-E-sign-Adoption-Among-Customers-in-2013_2014-05-0501-002.shtml.


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International Document Services Completes Final Major Phase of January 2014 CFPB/Dodd-Frank Changes

idsDoc SALT LAKE CITY, Utah, Dec. 17, 2013 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has completed the final phase of its planned major Dodd-Frank Act changes to its flagship document preparation system idsDoc by its self-imposed deadline of Nov. 15.

This round of changes included the addition of more panels and fields:
* New HOEPA/Section 32 APR panel;
* New fields on the Arm and HELOC panels;
* Section 32 fee indicator calculation change;
* New fields on the Mortgage Insurance panel;
* New Paid To fields on the Escrows panel; and
* Discontinuation of the Loan Discount Fee is GSE bona fide field for loans with an application date of Jan. 14, 2014 or later.

“When major regulatory changes like these occur, readiness is always a moving target. However, it’s important to IDS to have the majority of changes ready in time for our customers to be able to explore the changes prior to Jan. 15,” said Mark Mackey, executive vice president at IDS.

“Of course, we’ll continue to refine the changes as we receive feedback from customers, but we feel confident that the modifications we’ve made represent the bulk of what’s required by the January 2014 Dodd-Frank changes.”

About IDS, Inc.:

IDS, founded in 1986 in Salt Lake City, Utah, is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, initial disclosures and fulfillment. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs.

IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees, and a solid compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS website at http://www.idsdoc.com/ or call 800.554.1872.

Original syndication source of this press release: http://i.send2press.com/o2ebo .

NEWS SOURCE: International Document Services Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope®.

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International Document Services, LendingQB Create ‘Lights Out’ Mortgage Doc Prep-LOS Integration

IDS Inc. SALT LAKE CITY, Utah, Sept. 17, 2013 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS), and end-to-end loan origination system provider LendingQB announced the development of a joint interface designed to create a fluid integration between the LendingQB LOS and idsDoc.

The LendingQB interface with idsDoc is a flexible and all-encompassing interface to ensure LendingQB users need never leave the LendingQB system to generate zero-default initial disclosures and closing documents through IDS. With renewed focus on data integrity from regulatory agencies, such as the Consumer Financial Protection Bureau (CFPB), true seamless system integrations safeguard the transfer of data between systems, saving lenders the cost of regulatory penalties resulting from data inconsistencies.

“The LOS partnerships we develop are some of the most important to our business and what keeps our technology relevant in an always changing industry,” said IDS Executive Vice President Mark Mackey. “The kind of ‘lights out’ interface we’ve developed with LendingQB is the future of LOS-doc prep integration.”

“Now more than ever it is business-critical that lenders remain in compliance within every single facet of their business, and compliant document preparation is certainly an area of concern,” remarked Binh Dang, president of LendingQB. “The development of a completely seamless integration between our LOS and idsDoc ensures that the data used in disclosures and documents are completely accurate and compliant for our mutual clients.”

About LendingQB:

LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100 percent Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible. LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com/ .

About IDS, Inc.:

IDS, founded in 1986 in Salt Lake City, Utah, is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, initial disclosures and fulfillment. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees, and a solid compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS website at http://www.idsdoc.com/ or call 800.554.1872.

NEWS SOURCE: International Document Services Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope®.

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International Document Services idsDoc Mortgage Document Prep System Improves Productivity and Delivers Custom Docs to Mortgage Network

mortgage document preparationSALT LAKE CITY, Utah, May 23, 2013 (SEND2PRESS NEWSWIRE) — idsDoc, the flagship solution of mortgage document preparation vendor International Document Services, Inc. (IDS), has created significant savings for New England-based lender Mortgage Network, which reports added benefits from efficiency improvements and data integrity preservation since implementing the system.

According to Mortgage Network’s Director of Operations Christine Terranova, prior to IDS, Mortgage Network was entering data manually into three separate databases and using two separate systems to process loan data and ensure compliance. In addition, document customizations for certain loan products would take several days, if not weeks, to be completed.

“The IDS integration with our proprietary loan origination system has drastically improved the productivity of our staff,” Terranova explained. “Before, our closers could process four to five loans a day. Now, our closers are closing eight loans per day – and that includes initial reviews, HUD-1 reviews and all compliance checks. The integrated compliance features in idsDoc have also significantly reduced our costs because we’re not having to pay for a separate compliance check for each loan.”

“Furthermore, if we need custom docs, they’re ready in 24 hours,” Terranova added. “That kind of responsiveness is critical for maintaining our relationships with our portfolio lenders and allows us to remain flexible in the face of changing market conditions.”

“The integration between a lender’s line of business systems and its doc prep system has become a mission-critical aspect of maintaining compliance and efficiency in day-to-day mortgage lending operations,” said IDS Executive Vice President Mark Mackey. “Whether it’s a proprietary system or a vendor-provided offering, we at IDS see it as our job to ensure our system works seamlessly with our clients’ existing technology.”

About Mortgage Network, Inc.:
Mortgage Network, Inc. is a private mortgage banking company founded in 1988 by Robert McInnes and Albert Pare III who have co-managed the Company since its inception. Mortgage Network is one of the largest independent mortgage companies headquartered in New England. The Company’s unique combination of experience, product development, and commitment to providing great service has made Mortgage Network an industry leader. The Company has established over forty lending offices providing retail mortgage services. Mortgage Network can be found online at: http://www.mortgagenetwork.com/ .

About IDS, Inc.:
IDS, founded in 1986 in Salt Lake City, Utah, is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, initial disclosures and fulfillment. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees, and a solid compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS website at http://www.idsdoc.com/ or call 800.554.1872.

NEWS SOURCE: International Document Services Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope® – Copr. © 2013. Syndication source of this news item: http://www.send2press.com/newswire/International-Document-Services-idsDoc-Mortgage-Document-Prep-System-Improves-Productivity-and-Delivers-Custom-Docs-to-Mortgage-Network_2013-05-0523-003.shtml .


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Style Tech, LLC to Become Exclusive Tat’z Nail’z Distributor in Utah

Tatz NailzSALT LAKE CITY, Utah, April 11, 2013 (SEND2PRESS NEWSWIRE) — Style Tech, a provider of nail art technology for nail and beauty salons in the United States, announced it has signed an exclusive distributorship with Fashion Tec USA, Inc., a U.S. technology firm. This agreement will enable Style Tech to make the Tat’z Nail’z imaging systems available to beauty and nail salons across Utah and to expand its national service presence.

Tat’z Nail’z is a sophisticated machine that allows salon professionals to print basically any design, logo or image onto natural or acrylic nails. The touch screen makes it easy to select from hundreds of designs or the user can import their own designs via the USB interface or the camera. Tat’z Nail’z offers the most advanced technology in nail and toenail fashion and is the hot new way to make fashion come to life. Tat’z Nail’z is currently in use throughout nail salons in Europe where sales are quickly escalating due to high demand and customer satisfaction.

“We have demonstrated the Tat’z Nail’z technology at cosmetology schools and salons throughout Utah and the reviews are positive,” said Rob Benchley, CEO of Style Tech, LLC. “We are excited to be a part of such a fast-paced and ever changing industry and we are even more excited to see how Tat’z Nail’z changes nail and beauty fashion and to bring this opportunity to Utah.”

As a distributor of Tat’z Nail’z, Style Tech is able to offer the technology through purchase or a low monthly lease, making it accessible to salon owners and nail technicians. Tat’z Nail’z recently received the “Best Of Show” award at the Consumer Electronics Show in Las Vegas, Nevada. This achievement demonstrates the state-of-the-art technology and the excitement surrounding Tat’z Nail’z.

Additionally Style Tech will be displaying Tat’z Nail’z for salon professionals and the public to see and try at the What A Woman Wants expo, April 12-13, 2013 at the South Towne Expo Center. Come see the technology in action at booth 202. Style Tech will also be demonstrating Tat’z Nail’z at the Davis Chamber B2B expo at the GoDavis.biz booth on April 24, 2013.

About Style Tech, LLC:
Style Tech, LLC is a recently established technology provider of nail art technology and the exclusive distributor of Tat’z Nail’z in Utah. Located in Farmington, Utah, Style Tech is committed to bringing the latest in fashion and beauty technology to Utah. For more information visit Style Tech at http://www.styletech.biz/ .

Video: http://youtu.be/Y54jIPyYIHQ .

NEWS SOURCE: Style Tech, LLC :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. Original source: http://www.send2press.com/newswire/Style-Tech-LLC-to-Become-Exclu….


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International Document Services Breaks Its Mortgage Document Preparation Volume Records in 2012

mortgage document preparationSALT LAKE CITY, Utah, March 26, 2013 (SEND2PRESS NEWSWIRE) — International Document Services (IDS), a mortgage document preparation vendor, saw an unprecedented period of record month-over-month volume in 2012. In addition, the firm also experienced increased demand for its initial disclosure services.

Compared to 2011, IDS saw a 144.5 percent increase in initial disclosure orders throughout the year. Total 2012 document orders increased 70.4 percent from 2011, and IDS grew its client base by 40 percent over the same period.

IDS Executive Vice President Mark Mackey attributes the company’s growth in 2012 to historically low interest rates, compliance and constantly changing regulations, which contributed to lenders reevaluating their third party vendors especially on the document side of the process.

“It’s really quite simple. Lenders want a vendor that can ensure compliance, and IDS gives this assurance to our clients,” Mackey said. “Furthermore, IDS also has ramped up its customer support staff to ensure that we’re able to handle increasing volume without sacrificing our responsive customer service.”

IDS also received the Mortgage Technology Lenders’ Choice Award in October during the 99th Mortgage Bankers Annual Convention. The recipients of Mortgage Technology Magazine’s “Top Tech-Savvy Lenders and Servicers” voted on the award.

“IDS strives to create raving fans, and receiving this particular award validates our efforts,” Mackey added. “We’re so thrilled to have won the Lenders’ Choice Award in 2012 and thank all of our customers that voted for us.”

About IDS Inc.:
IDS is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, initial disclosures and fulfillment. IDS’s solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees and a solid compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS website at http://www.idsdoc.com/ or call 800.554.1872.

NEWS SOURCE: International Document Services Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. Original source: http://goo.gl/p38d5.


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International Document Services Provides E-Signature Audit Support for IRS 4506-T

SALT LAKE CITY, Utah, Jan. 23, 2013 (SEND2PRESS NEWSWIRE) — International Document Services (IDS), a mortgage document preparation vendor, has added fulfillment audit services to its e-signature platform to meet Internal Revenue Service (IRS) audit requirements for all electronically signed 4506-T forms. The IRS began accepting electronic signatures on the form on Jan. 7.

The new service, FES Reporter, is a service that builds and distributes audit reports, as well as certificates of completion, for documents signed electronically in the idsDoc system. Clients can opt to have the 4506-T audit report sent automatically on the first of the month. Certificates of completion are available upon request through IDS customer service.

“The move to finally make the 4506-T an e-sign document provides the missing piece in the ability to e-sign all origination documents. It was the main paper signature document left in the mortgage origination process, and this is the next step to a completely paperless process,” said IDS Executive Vice President Mark Mackey.

In order to meet IRS requirements for auditing of e-signed 4506-T documents, IDS began capturing additional information about signer activity in late 2012. This additional information enabled IDS to build a certificate of completion for 4506-T documents, according to IRS guidelines.

The certificate of completion indicates when activities related to a document occur, such as when the document was created in idsDoc, when notice was sent to the borrower/signer, when the borrower(s) signed into idsDoc or when each signature item on a document was completed. For IRS purposes, the certificate of completion is the documented evidence that the borrower/signer actually signed the document.

“We understand that our clients are concerned about the compliance with the electronic signature platform requirements promulgated by the IRS, and we’ve taken all the necessary steps to ensure that our electronic signature platform is compliant with the IRS requirements,” Mackey added.

About IDS, Inc.:
IDS, founded in 1986 in Salt Lake City, Utah, is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, initial disclosures and fulfillment. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees, and a solid compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS website at www.idsdoc.com or call 800.554.1872.

NEWS SOURCE: International Document Services :: This press release was issued on behalf of the news source by Send2Press(R) Newswire, a service of Neotrope(R). View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com/ .


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Mortgage Document Preparation Vendor International Document Services Selected for 2012 Lenders’ Choice Mortgage Technology Award

SALT LAKE CITY, Utah, Oct. 31, 2012 (SEND2PRESS NEWSWIRE) — International Document Services (IDS), a mortgage document preparation vendor, took home the 2012 Lenders’ Choice Mortgage Technology Award at the 13th Annual Mortgage Technology Awards Ceremony on Sunday Oct. 21.

Sponsored by SourceMedia’s Mortgage Technology Magazine during the Mortgage Bankers Association (MBA) Annual Convention in Chicago, the Lenders’ Choice Award recognizes the technology provider delivering the best in customer service, value proposition and overall user experience. IDS was selected by lenders and servicers named Top Tech-Savvy Lenders and Servicers in the September 2012 issue of Mortgage Technology magazine.

“It is an honor for IDS to receive recognition from Top Tech-Savvy Lenders and Servicers for its top-shelf customer service, its industry leading technology, and the user experience delivered by the IDS platform, idsDoc,” said IDS Executive Vice President Mark Mackey.

“From day 1, the IDS mentality has been about our customers’ experience and the reliable expertise they receive from our team, including the process automation that enables lenders to complete their loan documentation quickly, efficiently and in compliance,” added Mackey.

Other finalists for the 2012 Lenders’ Choice Mortgage Technology Award included QuestSoft and Xerox Mortgage, valued IDS business partners.

“IDS heartily congratulates the other 2012 Mortgage Technology Award winners and wish them continued success,” said Mackey. “It is a pleasure to see the advances our industry is achieving through its strengthened focus on customer service and technology innovation.”

About IDS Inc.:
IDS is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, reverse documents, initial disclosures and fulfillment. IDS’s solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees and a solid compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS website at http://www.idsdoc.com/ or call 800.554.1872.

NEWS SOURCE: International Document Services :: This press release was issued on behalf of the news source by Send2Press(R) Newswire, a service of Neotrope(R). View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com/ .


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IDS Named Finalist for Lenders’ Choice Mortgage Technology Award

SALT LAKE CITY, Utah, Oct. 4, 2012 (SEND2PRESS NEWSWIRE) — International Document Services (IDS), a mortgage document preparation vendor, announced it has been named a 2012 finalist for the Mortgage Technology Lenders’ Choice Award.

The Lenders’ Choice Mortgage Technology Award, sponsored by SourceMedia’s Mortgage Technology Magazine, recognizes the technology provider that offers the best customer service, value proposition and overall user experience. The winner is selected by the lenders and servicers who are named to the Top Tech-Savvy Lenders and Servicers list, which was published in the September 2012 issue of Mortgage Technology magazine.

The winner will be revealed at the 13th Annual Mortgage Technology Awards Ceremony on Sunday Oct. 21 at 7:30 p.m. CDT at the Hyatt Regency in Chicago.

“By having the 2012 Top Tech-Savvy Lenders and Servicers vote for the finalists and winner of the new Lenders’ Choice Award, some of the best users of mortgage technology get the opportunity to acknowledge the vendors that provide them with exceptional products and services,” said Austin Kilgore, managing editor of Mortgage Technology.

“At IDS, we strive to create ‘raving fans’ through our continuous improvement of idsDoc and our exceptional customer service so we’re beyond thrilled that our clients on the ‘Top Tech-Savvy Lenders’ list nominated us as finalists for this award,” said IDS Executive Vice President Mark Mackey. “It’s an honor to be recognized in the same company with mortgage industry all-stars like Xerox and QuestSoft, and we wish all the finalists the best of luck at this year’s Mortgage Technology Awards.”

About IDS Inc.:
IDS is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, reverse documents, initial disclosures and fulfillment. IDS’s solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees and a solid compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS website at http://www.idsdoc.com/ or call 800.554.1872.

NEWS SOURCE: International Document Services :: This press release was issued on behalf of the news source by Send2Press(R) Newswire, a service of Neotrope(R). View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com/ .


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Six IDS Customers Named ‘Top Tech-Savvy Lenders’ by Mortgage Technology Magazine

SALT LAKE CITY, Utah, Oct. 3, 2012 (SEND2PRESS NEWSWIRE) — International Document Services (IDS), a mortgage document preparation vendor, announced six of its customers were recognized as “2012 Top Tech-Savvy Lenders and Servicers” by Mortgage Technology Magazine in its September issue.

The list was expanded this year to include both lenders and servicers. According to the magazine, this year’s winners “have demonstrated a commitment to using technology and regularly implementing new innovations to produce marked business improvements.” IDS clients featured on the list include Benchmark Mortgage, Churchill Mortgage, Inlanta Mortgage, Nail Your Mortgage and RMC Vanguard Mortgage.

“Innovation, process improvement and top-tier customer service are the cornerstones of the IDS philosophy, and it’s not surprising that these also form Mortgage Technology Magazine’s basic criteria for selecting its ‘Top Tech-Savvy Lenders and Servicers,’” said IDS Executive Vice President Mark Mackey. “We’re thrilled to have such a strong showing on this year’s list and offer our sincerest congratulations to all the winners.”

In addition, companies named to the “Top Tech-Savvy Lenders and Servicers” list will also have the opportunity to vote on the finalists and the ultimate winner of this year’s Mortgage Technology Lenders’ Choice Award, also sponsored by Mortgage Technology Magazine. The Lenders’ Choice category is a new addition to the awards and seeks to recognize “the technology provider that offers the best customer service, value proposition and overall user experience.” The winner will be announced at the 13th Annual Mortgage Technology Awards Ceremony on Sunday Oct. 21 at 7:30 p.m. CDT at the Hyatt Regency in Chicago.

About IDS Inc.:
IDS is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, initial disclosures and fulfillment. IDS’s solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, document guarantees and a solid compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS website at http://www.idsdoc.com/ or call 800.554.1872.

NEWS SOURCE: International Document Services :: This press release was issued on behalf of the news source by Send2Press(R) Newswire, a service of Neotrope(R). View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com/ .


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IDS Sets New Record for Mortgage Document Preparation Volume in 2012

SALT LAKE CITY, Utah, Sept. 13, 2012 (SEND2PRESS NEWSWIRE) — Data compiled by mortgage document preparation vendor International Document Services (IDS) shows that the company has significantly increased its 2012 document preparation volume over the same period in 2011.

Over the first half of 2012, IDS experienced a 52 percent increase in the number of documents ordered over the same period in 2011. In addition, IDS has had four consecutive record-breaking months in 2012 and increased its client roster by 33 percent.

IDS also achieved a record in June for the total number of closing documents and initial disclosures ordered within the idsDoc system. As compared to June 2011, doc orders increased by 46 percent and initial disclosure orders by 85 percent.

Early data from third quarter 2012 indicates that IDS is on track to achieve similar results in the second half of 2012. For example, IDS saw a 16.2 percent increase of mortgage documents from July to August and a 99.18 percent increase as compared with volume achieved during August 2011.

According to IDS Executive Vice President Mark Mackey, historically low interest rates and ever-changing regulations have contributed significantly to its new client growth and increased mortgage documents processing volume.

“With all the new proposed regulations from the Consumer Financial Protect Bureau (CFPB), particularly in the area of disclosures, the need for compliant documents is more important than ever,” Mackey explained. “Lenders want, and are actively seeking, docs vendors that can ensure compliance down to the last period, and we’re happy to accommodate them.”

“We are thrilled to see such fantastic growth in the first half of 2012. The numbers we are seeing this year are by far the best we’ve seen in the past few years,” he added. “Accordingly, we’ve ramped up our customer support staff to ensure that we’re able to handle the increased volume, per usual, without a hitch.”

About IDS Inc.
IDS is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, initial disclosures and fulfillment. IDS’s solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees and a solid compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS website at www.idsdoc.com or call 800.554.1872.

NEWS SOURCE: International Document Services :: This press release was issued on behalf of the news source by Send2Press(R) Newswire, a service of Neotrope(R). View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com/ .


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IDS Partner On The Go Technology Named ‘Harnessing Mobile’ Finalist by Mortgage Technology Magazine

SALT LAKE CITY, Utah, Sept. 6, 2012 (SEND2PRESS NEWSWIRE) — International Document Services (IDS), a mortgage document preparation vendor, congratulates its partner On The Go Technology, developer of the mobileLO 1003 mobile application, on being named a 2012 finalist in the “Harnessing Mobile” award category from SourceMedia’s Mortgage Technology magazine. IDS co-sponsored On The Go Technology’s nomination.

mobileLO is an application that enables loan originators to complete the 1003 mortgage loan application via a mobile device. Loan originators also have the ability to pull credit reports and generate Good-Faith Estimates (GFE) through the application as well. IDS partnered with On The Go Technology to provide the app’s GFE capabilities.

“Mobile is the future of so many industries, mortgage included,” said IDS Executive Vice President Mark Mackey. “On The Go Technology’s mobileLO combines the height of functionality with the seamless interface we’ve come to expect from mobile applications, which is why we chose to partner with them and nominate the incredible work they’ve done to advance mobile technology in the mortgage industry.”

“I’ve worked with IDS many times in my capacity as a mortgage banker, and I chose them to provide mobileLO’s docs capabilities because the quality of their technology and the docs it produces are unparalleled,” said Andrew Weiss-Malik, founder of On The Go Technology. “We are tremendously honored to have been named a finalist for this year’s Mortgage Technology ‘Harnessing Mobile’ Award and wish the very best of luck to all the other finalists.”

About On The Go Technology, LLC:
Austin, Texas-based On The Go Technology, LLC is a premier developer of mortgage banking software. The company’s private label web system is used across the country today by top tier lenders servicing the wholesale, retail and correspondent business channels, and On The Go’s mobileLO iPad application, which is available for free from the App Store, enables loan originators to complete the 1003 mortgage application form from a tablet device. For more information visit www.onthegotechnology.com or www.mobileLO.com.

About IDS Inc.:
IDS is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, reverse documents, initial disclosures and fulfillment. IDS’s solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees and a solid compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS website at www.idsdoc.com or call 800.554.1872.

NEWS SOURCE: International Document Services, Inc. :: This press release was issued on behalf of the news source by Send2Press(R) Newswire, a service of Neotrope(R). View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com/ .


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IDS Engages Customers in User Group to Suggest Improvements for Mortgage Document Preparation System

SALT LAKE CITY, Utah, July 9, 2012 (SEND2PRESS NEWSWIRE) — International Document Services (IDS), a mortgage document preparation vendor, announced that it has formed an advisory board of IDS customers to solicit feedback on the performance of its flagship mortgage document preparation system, idsDoc, and develop ideas for further development and refinement of the system.

The IDS Super User Group was initially conceived as a forum where IDS clients and partners could give ideas on how to improve the idsDoc platform. Through the group, members will also be able to discuss specific topics such as compliance issues, special features within idsDoc and the overall look and feel of the idsDoc web portal, as well as industry best practices.

“The first priority at IDS is to our users and their needs. We want to provide them with the highest quality system that does exactly what they want it to do,” said IDS Executive Vice President Mark Mackey.

“The Super User Group should have a ‘the sky’s the limit’ mentality when it comes to voicing their wants and needs for the idsDoc system,” Mackey added. “We’re looking to our customers to help define the future of our system. There’s no reason, outside of legal or regulatory requirements, that we can’t make idsDoc do everything that our customers want it to do and more.”

The IDS Super User Group currently has 10 participating organizations – 1st California Funding Group; Churchill Mortgage; Dime Bank; Extraco Mortgage; Farmers State Bank of Madelia; Magna Bank; McGlinchey Stafford Youngblood & Associates LLP; Nail Your Mortgage; ProLender Solutions; and Sentry Credit Union – and hopes to gain more clients over the next year, ultimately creating an IDS User Conference in Salt Lake City where IDS headquarters are located.

“We are happy to be participating in the super user group for IDS. We are very much looking forward to getting some insight, learning and possibly helping with features within the idsDoc software,” said Peter Vassilatos, chief technology and services officer at Nail Your Mortgage and IDS Super User Group member. “This is not only a great opportunity for us at Nail Your Mortgage, but a great way to continue to build our existing relationship with IDS and the IDS team.”

About IDS Inc.:
IDS is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, reverse documents, initial disclosures and fulfillment. IDS’s solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees and a solid compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS website at http://www.idsdoc.com/ or call 800.554.1872.

News Source: International Document Services, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com .


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IDS Named ‘Top 50 Service Provider’ for Second Year by Mortgage Technology Magazine

SALT LAKE CITY, Utah, June 27, 2012 (SEND2PRESS NEWSWIRE) — International Document Services (IDS), a mortgage document preparation vendor, has been listed among the 2012 Top 50 Service Providers, issued by SourceMedia’s Mortgage Technology magazine. This marks the second year in a row IDS has been honored with this distinction.

According to the magazine’s June issue, the Top 50 Service Providers list recognizes “the technology and service vendors that excel in four categories – continued advancement of technology and services, viable revenue model and value proposition to customers, exceptional customer service and unique impact on the mortgage industry.”

Placing particular emphasis on IDS’s accomplishments over the period between May 2011 and April 2012, the magazine noted the follow as the primary reasons for IDS’s selection:

* Various mortgage technology integrations, including the most recent with On The Go Technology’s mobileLO point-of-sale (POS) iPad application;

* Enhancements to idsDoc’s e-sign capabilities that allow borrowers to select loan options and type selected information directly into specific areas of the loan documents; and

* IDS’s deployment of Assistly’s SaaS-based social media customer service platform.

“The caliber of companies named to Mortgage Technology’s Top 50 Service Providers is always high,” said IDS Executive Vice President Mark Mackey. “Our first priority at IDS is to provide our clients with the most sophisticated technology and the absolute best customer service possible. Honors such as these validate our strategy, and we’re truly thankful to have been bestowed with this honor for the second year in a row.”

About IDS Inc.:
IDS is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, reverse documents, initial disclosures and fulfillment. IDS’s solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees and a solid compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS website at http://www.idsdoc.com/ or call 800.554.1872.

News Source: International Document Services, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com .


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International Document Services Modifies Mortgage Document Preparation Software to Accommodate FHA MI Hike

SALT LAKE CITY, Utah, June 5, 2012 (SEND2PRESS NEWSWIRE) — International Document Services (IDS), a mortgage document preparation vendor, has revised its flagship mortgage document preparation system, idsDoc, to reflect the Federal Housing Administration’s (FHA) mortgage insurance (MI) premium increase. The increase, one quarter of one point, will be applied to all 15-year and 30-year mortgages backed by the agency.

The increase is in response to a congressional mandate permitting the FHA to increase premiums and keep its insurance fund liquid. The higher premiums were also outlined in President Obama’s 2012 fiscal budget, which estimates that FHA will insure $218 billion in loans during the 2012 fiscal year.

In order to accommodate for these regulation changes, on May 1 IDS added a new field called “FHA Endorsement Date”, which allows lenders to select the appropriate MI rate based on the date of application. The FHA MI rate increase was initially implemented on April 9 and is scheduled to increase again on June 11.

“Our main concern with any regulatory change is to ensure that our customers are able to demonstrate without a doubt their adherence to both the letter and spirit of that change,” said IDS Executive Vice President Mark Mackey. “Whether, as in this case, it’s a small system change or a large-scale development overhaul, we’re willing to do whatever it takes to keep our customers compliant.”

According to IDS customer Andrew Weiss-Malik, chief operating officer of 360 Mortgage Group, his company, while not an advocate of increasing charges to borrowers, recognizes that the FHA must do what is necessary stay profitable.

“Interest rates are at record lows and an increase in the actual rate, taking into account the mortgage insurance, still results in a phenomenal rate,” Weiss-Malik said. “These changes will affect the industry by making private mortgage insurance more competitive. I would expect to see more FHA eligible business move over to conventional programs.”

About IDS Inc.:
IDS is a nationwide provider of mortgage documentation and compliance services. IDS’s services include software for the preparation of closing documents, initial disclosures and fulfillment. IDS’s solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees and a solid compliance team. Lenders looking for additional information concerning IDS’s products and services can visit the IDS website at http://www.idsdoc.com or call 800.554.1872.

News Source: International Document Services, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .


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Progressive Finance Unveils Online Customer Management System

SALT LAKE CITY, Utah, May 24, 2012 (SEND2PRESS NEWSWIRE) — Progressive Finance, a merchandise lease to own financer, is announcing the launch of a new online customer account management system. “This has been something we know our customers have been looking forward to, and we’re extremely excited about everything this new system will be providing,” said Progressive Vice President Nate Roe.

“We will always pride ourselves on providing friendly and helpful service whenever one of our customers calls in, but giving the option to manage your account online brings a whole new dimension to customer service.”

The Progressive Customer Portal, as the account management system is called, allows customers to log in through Progressive’s website and manage their account 24 hours a day, 7 days a week. Customers will have the ability to make payments, view their balance, update their information and make other changes to their account.

“Everything the customer can do from the Portal, they can do by calling in to our support line, but these features give the customer the kind of hands-on view of their account that they haven’t really had before. The reaction from our customers has been universally positive,” Roe said.

“We’ve always felt that our customer service and our technology have been two of the things that have set us apart, and it’s been great to roll out a service that combines both of those features.”

Roe said that Progressive has utilized an email campaign and training sessions over the phone to increase awareness of the Portal among their current customers, and he alluded to even more changes coming down the road. “This is just the first of many features we’re working on right now. We’ve set automation and ease of use as two of our highest goals for 2012, and the Customer Portal does a lot to move us in that direction, but we’re not done yet.”

For more information about Progressive, visit http://progfinance.com .

News Source: Progressive Finance :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .


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GoDavis.biz Announces the Launch of Enhanced Website

FARMINGTON, Utah, April 30, 2012 (SEND2PRESS NEWSWIRE) — GoDavis.biz announces the launch of their new and improved website www.GoDavis.biz. This site, focused on Davis County, Utah, offers consumers a centralized place to search for and find local businesses and services. Additionally, consumers are able to read about local upcoming events, entertainment and even search classifieds. GoDavis is a one-stop resource for the Davis County consumer.

“We are very excited about the capability our new website offers to the small business owners and consumers of Davis County,” states Rob Brenchley, Managing Director of GoDavis. “It provides the resources and opportunities they need to make decisions about not only where to find the best plumber, health clinic or restaurant in town, but it also allows them to find reviews on services and professionals written by their Davis County neighbors.”

In conjunction with the website release, GoDavis.biz is hosting a “Better YOUR Business” seminar for local Davis County business owners. This seminar features Jon Bodnar, of Nexstar Broadcasting, who will offer a free website analysis and help companies maximize their website’s potential. For additional information about the “Better YOUR Business” seminar please visit http://www.GoDavis.biz .

The new GoDavis website is now available for general use and offers a modern approach and flexibility to the classifieds search. Whether searching for local news, a business professional, medical services or an automotive shop, www.GoDavis.biz is THE resource for Davis County consumers. Check out the site and begin your search today!

About GoDavis:
GoDavis.biz, based in Farmington, Utah, offers consumers a centralized place to search out and find local businesses and connect with them through social media. GoDavis.biz also allows businesses to market directly to their consumers and promote their services through social media, Deals of The Day, coupons, expert reviews, multi-media and search results. For more information please call 888.330.6866 or email contact@godavis.biz.

News Source: GoDavis.biz :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .


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Progressive Finance Rolls Out Electronic Signature Service for Customers

SALT LAKE CITY, Utah, April 18, 2012 (SEND2PRESS NEWSWIRE) — Progressive Finance, a merchandise lease to own financer, has recently integrated click-sign functionality with their online contracts. This new system will allow for stores to forgo the process of printing contracts for the customers to physically sign, and instead allow the customers to digitally sign their contracts from a computer, tablet, or smart phone.

“We’re very excited about the potential behind this new technology,” said Progressive Finance Vice President Kurtis Hilton. “Our system before was already fast and efficient, but now the store no longer has to worry about faxing or scanning any documents at all. All the customer needs to do is click a few buttons and they’re done. This is a level of automation that is unrivaled in our industry. ”

The electronic signature system is the latest in a series of technologies Progressive has launched in order to more fully automate their application process.

“When you couple the e-signature with our automatic bank verification system, it creates an incredibly streamlined experience for the customer,” Hilton said.

“Basically, you can have a customer apply for financing, get automatically approved in a matter of minutes, digitally sign their contracts, and leave the store with their new merchandise. Our system has been tailored around creating a fast and comfortable process for both our stores and our customers, and we feel like this latest addition really adds to that.”

Hilton went on to explain that the e-signature program is currently being successfully used by select pilot stores, and will be completely rolled out within the next month.

More information: http://progfinance.com .

News Source: Progressive Finance :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .


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International Document Services Adds Molly Terry as Western Regional Sales Director

SALT LAKE CITY, Utah, March 20, 2012 (SEND2PRESS NEWSWIRE) — International Document Services (IDS), a mortgage document preparation vendor, has hired Molly Terry as its western regional sales director, covering Alaska, Arizona, California, Colorado Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Washington and Wyoming.

IDS hired Terry both to manage growing demand for the IDS mortgage document preparation software, idsDoc, and also to fortify internal IDS expert resources.

“Document preparation providers remain relevant and critical in this new era of intensive regulatory oversight and scrutiny, where changes occur on an almost daily basis,” said IDS Executive Vice President Mark Mackey. “Not surprisingly, lenders are finding it difficult to keep up with these changes, and are understandably concerned that their mortgage documents may not comply with the most current requirements.”

“Molly’s extensive knowledge and experience in the mortgage industry, combined with her business relationships, personality and work ethic, make her a great asset and valued addition to the IDS team,” Mackey added.

With 12 years’ experience in the mortgage industry, Terry has worked with technology providers using data-driven document distribution, collaboration and connectivity services for the mortgage banking and title industries.

“It is a privilege to join the IDS team,” said Terry. “Now more than ever, lenders need a document preparation provider they can rely on to ensure their documents’ compliance. IDS’ secure, compliant and cost-effective tools, plus the unmatched expertise of its client service team, meet that need.”

About IDS Inc.:
IDS is a nationwide provider of mortgage documentation and compliance services. IDS’s services include software for the preparation of closing documents, initial disclosures and fulfillment. IDS’s solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees and a solid compliance team. Lenders looking for additional information concerning IDS’s products and services can visit the IDS website at www.idsdoc.com or call 800.554.1872.

News Source: International Document Services Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .


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International Document Services Fulfills 2011 Upsurge in Mortgage Lender Demand for Initial Disclosures

International Document Services Inc.SALT LAKE CITY, Utah, March 7, 2012 (SEND2PRESS NEWSWIRE) — According to statistics calculated by the company, International Document Services (IDS), a mortgage document preparation vendor, found that 2011 was the company’s biggest year to date for initial disclosure documents.

Since regulations dealing with initial disclosures were at the forefront of industry compliance challenges in 2011, IDS experienced a corresponding jump in its initial disclosure volume – an 80 percent increase as compared to 2010. There also was a 42 percent increase in new and existing clients using IDS for initial disclosures. In addition, the number of initials ordered or requested grew 24 percent in 2011, compared to 15 percent growth during 2010. In summary, five out of 20 document requests sent to IDS in 2011 were for initial disclosures.

“IDS has experienced tremendous growth in document package volume over the past few years, but 2011 was the first year that we saw a dramatic upsurge in a specific document area,” said IDS Executive Vice President Mark Mackey. “I attribute the marked increase in initial disclosure volume and interest to continuing lender frustrations regarding compliance. Simply put, lenders are struggling to bear this particular regulatory burden and turn to providers like IDS to lighten the load.”

A recent survey of IDS customers found that lenders were overwhelmingly concerned about initial disclosure compliance. Customers that did not use IDS for their initial disclosures reported major setbacks in this area, including lack of state-level compliance and delays in system updates of regulatory changes.

“The compliance stakes for lenders have never been higher, and our instincts said initial disclosures were going to be a big concern in 2011,” Mackey added. “Therefore, we spent an exceptional amount of time refining the idsDoc system to ensure maximum compliance, as well as ease of use. It’s what our customers expect and, quite frankly, what the livelihood of their businesses rely upon for survival in the current regulatory climate.”

About IDS Inc.:
IDS is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, initial disclosures and fulfillment. IDS’s solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees and a solid compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS website at www.idsdoc.com or call 800.554.1872.

News Source: International Document Services Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .


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Mortgage Lenders Cite Compliance, Ease of Use As Top Priorities for Initial Disclosures in IDS Survey

International Document Services Inc.SALT LAKE CITY, Utah, Feb. 23, 2012 (SEND2PRESS NEWSWIRE) — International Document Services (IDS), a mortgage document preparation vendor, has compiled the results of its 2011 annual client survey to determine lender experiences and expectations regarding initial disclosure documents, an element of mortgage origination targeted by new regulations in recent and coming years.

As part of the IDS survey sent to more than 600 lenders in December 2011, respondents were asked to rate the importance of six initial disclosure features: compliance, e-delivery, e-sign, fulfillment, price and user interface.

With approximately ten percent survey participation, IDS reports the following findings:
* Compliance was cited as the single most important feature by 90.5 percent of respondents;
* Ease of use placed second, with 67.9 percent of respondents rating it important;
* Fulfillment ranked 63 percent; price, 53.6 percent; e-delivery, 42.9 percent; e-consent, 35.7 percent; and e-signatures were 32.1 percent.

“Since starting initial disclosures with IDS back in 2010, I have been very impressed by the ease of use and presentation of the IDS product,” said Marlys Wilson, Vice President of Operations at Latah Federal Credit Union. “For me, the compliance services are the best part about generating our initial disclosures with IDS. IDS stays on top of any changes, which makes my job easier and allows me to just worry about lending. When there have been changes to the idsDoc system, IDS made them on time and kept us informed about the process.”

Some respondents that did not use IDS for initial disclosures reported specific setbacks in the past two years due to issues with initial disclosures. These setbacks included: failure to comply with state regulations, downward trending per-loan amounts and software upgrades that actually degraded data integrity. The biggest and most common setback was compliance and timeliness of update releases on the required dates.

“Initial disclosures have been the nexus of mortgage industry regulation and consumer protection since 2010. With the Consumer Financial Protection Bureau’s imminent changes to initial disclosures and closing documents, plus the FHA’s acceptance of e-signatures, it’s likely that docs will remain a dominant topic of mortgage industry dialog in 2012,” said Mark Mackey, executive vice president of IDS.

“Regardless of what comes down the pike from inside the Beltway or at the state government level, IDS compliance experts stay abreast of any and all changes to support the ongoing refinement of our mortgage document solutions to provide customers the most compliant, zero-default initial disclosures available,” he said.

About IDS Inc.:
IDS is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, reverse documents, initial disclosures and fulfillment. IDS’s solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees and a solid compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS website at www.idsdoc.com or call 800.554.1872.

News Source: International Document Services Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .


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