DALLAS, TX--(Marketwired - October 12, 2016) - PathSoftware™, a new highly structured, cloud-based mortgage loan origination software (LOS) from CalyxSoftware®, today announced that it is now integrated with idsDoc, the flagship solution from mortgage document preparation vendor International Document Services, Inc. (IDS).
Through their integration, idsDoc and PathSoftware have developed a seamless interface that streamlines the ordering process, data transfer and the generation and fulfillment of loan estimates and closing disclosures.
PathSoftware is the industry's first completely data-driven not form-driven, LOS, which means users input all borrower and property information once in logical data fields (not across multiple forms) and then the software uses this data to populate the forms. This also makes it easier to adapt to and comply with new regulations, unlike form-based systems that have to be nearly completely rewritten when rules change. When a new form is required, for example the upcoming Uniform Residential Loan Application (Freddie Mac Form 65 or Fannie Mae Form 1003), Path developers simply add the new fields and map them to the correct lines on the new forms.
"At IDS, we're committed to making our document solution as easy as possible for our customers," said Mark Mackey, Executive Vice President at IDS. "That's why we're proud to partner with a like-minded LOS, such as Path, to ensure our customers have a seamless, efficient and productive experience."
"PathSoftware is transforming the mortgage origination process and our integrations are a critical reason why," said Doug Mitchell, director of sales and support at PathSoftware. "By partnering with IDS, we're making the mortgage origination process significantly easier and less time-consuming for our joint clients, while also assuring document compliance."
PathSoftware is a new loan origination software (LOS) from Calyx Technology, Inc, and the first data, not form, driven LOS. Conceived and engineered for mid-tier to large, enterprise-level financial institutions, PathSoftware is a highly structured, end-to-end, cloud-based system with flexible, yet precisely configured, workflows for maximum visibility and productivity in a single, integrated, multi-channel platform. The depth and breadth of crafted workflow management and role-based functionality-and the resulting visibility, accountability and scalability-set PathSoftware apart. For more information, visit www.pathsoftware.com.
About IDS, Inc.
IDS, a Reynolds and Reynolds company, was founded in 1986 in Salt Lake City, Utah, and is a nationwide provider of mortgage documents and compliance. IDS services include electronic signatures, closing documents, initial disclosures, document fulfillment and integration with leading loan origination systems and eClosing platforms. The IDS flagship doc prep solution,
idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs, particularly in regards to major industry compliance changes. (http://info.idsdoc.com/)