Industry News

Joint effort targets loan origination

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Document Systems Inc. on Tuesday announced the merger of its FillMagic document processing engine with Framework Inc.'s LendWare credit fulfillment platform, which aims to provide lenders the ability to seamlessly develop and print mortgage documents. The FillMagic form-fill engine, which is Java-based, can run independently or via a Web server and can be scaled to accommodate virtually any volume. FillMagic enables lenders to electronically complete mortgage forms by using an XML request file to transfer data to and from the client's loan origination system. FillMagic aims to provide added security, instantaneous processing response times, unlimited scalability, flexibility and distributed processing. Unlike other document preparation services, which are application service provider-based, FillMagic can be hosted by the lender's server(s) on-site using their own hardware. LendWare is a comprehensive Web services-based credit fulfillment platform that automates the decisioning and...