DocuTech Automates Prepayment Penalty Configuration Management

Idaho Falls, Idaho, August 21, 2007

DocuTech Corporation, a leading provider of mortgage documents and compliance technology for the mortgage industry, announces the release of ConformX 3.10, which adds a new process for managing prepayment penalty configurations. The upgrade manages more than 500 prepayment penalty configurations through an intuitive, direct interface with loan origination systems (LOS).

The addition of prepayment penalty compliance to ConformX will allow users to have updated prepayment penalties automatically added to the loan. Traditionally a difficult component to manage, prepayment penalties have been simplified with ConformX 3.10. It includes more than 500 prepayment configurations that meet all federal, state and investor requirements. A rules engine simplifies the management of the configurations by presenting the applicable configurations within the LOS.

"Many lenders do not have the time to maintain the prepayment penalty guidelines and requirements from individual investors, state governments and the federal government," said Monte Larsen, Chief Marketing Officer at DocuTech. "ConformX 3.10 automatically applies the correct prepayment penalty values to the loan based on property state, loan amount and other variables. These configurations are automatically updated by DocuTech, eliminating the need for time-intensive maintenance."

In addition to the new prepayment penalty component, ConformX 3.10 offers a Web-based solution that turns any Internet connection into a loan origination or closing office. Automatic calculations and data safeguards ensure that loan documents meet state and vendor requirements. ConformX 3.10 provides print, e-mail and Web-posting options from any remote connection location.

"ConformX 3.10 eliminates the tedious work of maintaining each state's individual prepayment penalties and increases the salability of loans on the secondary market, freeing up warehouse lines of credit," Larsen said.

About DocuTech

Since 1991, DocuTech Corp. (DocuTech) has provided outstanding compliance services and documentation technology for the mortgage industry. To date, DocuTech has the largest, most complete document library in the industry with thousands of customized investor documents, federally and state compliant in all 50 of the United States.

DocuTech also offers an all-in-one fulfillment center that helps companies print, mail and track compliant initial disclosures, to prospective borrowers within government-mandated deadlines.

DocuTech's software interfaces with leading loan origination systems (LOS) and enables mortgage professionals to generate documents locally, which increases efficiency, reduces time, eliminates errors and omissions and provides added convenience to homebuyers. DocuTech manages and secures all information needed for a loan, guaranteeing accuracy, security and compliance. For more information, call 800.497.3584 or visit the company's Web site at www.docutechcorp.com.