In a move to simplify the mortgage process and enhance compliance, Tulsa, Okla.-based BOK Financial Corporation has selected DocuTech Corp.'s ConformX software to handle their mortgage origination documents.
The financial services company selected DocuTech, a leading provider of compliance services and documentation technology, in order to ensure federal, state and investor compliance and reduce associated costs.
BOK Financial chose DocuTech because of ConformX's customizable solutions that enable its employees to import data directly from their loan origination system (LOS) into dynamic loan documents and disclosures.
"DocuTech's easy-to-use platform will enable us to ensure our documents are accurate and compliant for every lending situation; we anticipate an increase in efficiency for our employees and ease of use for customers," said Ben Cowen, president of BOK Financial Mortgage. "Our staff can focus their attention on quality control and sales confidently knowing the use of ConformX allows automation of their customer documents with a seamless integration to our LOS."
BOK Financial Corporation is a $27 billion regional financial services company with 169 banking centers across seven states. BOK Financial has also decreased the time spent on maintaining a library of compliant documents through one of ConformX's many tailored features.
"The industry's challenging regulations and unprecedented rate of regulatory change places a bigger emphasis on a lender's need for quick and efficient automation," said Scott K. Stucky, chief operating officer of DocuTech. "BOK Financial will be ahead of the compliance curve due to ConformX's updates and automation that enable its staff to increase business efficiency using fewer resources."