offers a simple enterprise solution for middle-market correspondent lenders featuring 100 percent transfer of data elements necessary for initial three day disclosure and closing documents
CONCORD, CA (Oct. 21, 2005) - Online Documents Inc., a leading mortgage document solutions provider, and Northern Pacific Mortgage, a wholesale mortgage banker based in Santa Rosa, Calif., today announced completion of an enterprise-level integration which will fully automate creation and delivery of compliant mortgage documents using advanced MISMO 2.3.1 XML technology.
Steve Weaver, managing director of Northern Pacific Mortgage commented: "Our alliance with Online documents has major benefits for us. We now have a state-of-the-art integration, which enables us to seamlessly pass 100 percent of the information necessary for the creation of mortgage documents directly to Online with no additional keystrokes or intervention. More importantly, we depend on Online for compliant documents and have the assurance of knowing their documents meet state and federal standards as well as our own unique requirements. We depend on Online and consider them to be an integral partner in our closing process."
Terry Ward, CMB and vice president for Online's corporate development division, stated: "Northern Pacific Mortgage is a prime example of the type of lender who can quickly and directly benefit from Online's Integration Manager™ technology. Until now, many mid-sized lenders have had to settle for less efficient, partial integrations. Online's Integration Manager™ now offers the full benefits of an enterprise-level MISMO-based XML application featuring 100 percent data transfer.
"Integration Manager™ levels the playing field and offers the added benefit of accurate, on-time documents from the nation's premier provider of compliant mortgage documents," added Ward.
Weaver continued: "As a mid-size mortgage banker, Northern Pacific must stay on the leading edge of technology and advanced mortgage processes to build our business and compete in the marketplace. Strong alliance partners like Online help us build our business and stay on the right track."
Online's Integration Manager™ offers an efficient MISMO "lights out" enterprise solution for correspondent lenders producing 300 to 700 initial disclosures or closing document sets per month. The product's 100 percent transfer of data with no re-keying of data and advanced Web delivery options accelerates the loan closing process.
About Northern Pacific Mortgage
Northern Pacific Mortgage of Santa Rosa California operates in California, Nevada, Arizona and Oregon. Northern Pacific's success is based on a unique mix of rigorous execution, advanced technology and the entrepreneurship typical of middle market lenders in today's market. Northern Pacific takes pride in its people's ability to quickly bring new products to market and to expand rapidly into new areas when opportunities are presented.
About Online Documents, Inc. "A Solution for Every Lender"™
Established in 1988, Online Documents (www.onlinedocuments.com) provides compliant* mortgage documents and related services to lenders, nationwide. Online offers web based and desktop installations (Online Express™ Web and Online Express™) for local lenders and more comprehensive enterprise solutions (Integration Manager™) for regional and national lenders. Online delivers Initial Disclosures and Closing Document packages via the web and to local print destinations within minutes of an order, 24/7. Additionally, Online provides Print and Mail Services for Initial Disclosures from its central processing center and offers unique support to Attorneys who draw documents for lender clients through its advanced Document Review Manager technology.
*See Online's License Agreement for details
Online Documents Inc. is a subsidiary of Stewart Mortgage Information (SMI) (http://smi.stewart.com).
SMI is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), a technology-driven, strategically competitive, real estate information and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries through more than 8,000 policy-issuing offices and agencies in the United States and international markets. Stewart also provides post-closing lender services, automated county clerk land records, property ownership mapping, geographic information systems, property information reports, flood certificates, document preparation, background checks and expertise in tax-deferred exchanges. More information can be found at http://www.stewart.com.