June 26 - 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 its mortgage origination documents. The financial services company selected DocuTech, a provider of compliance services and documentation technology, 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 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.”
About BOK Financial Corporation
BOK Financial Corporation is a $27 billion regional financial services company based in Tulsa, Okla. The company's stock is publicly traded on Nasdaq under the Global Select market listings (BOKF). BOK Financial's holdings include BOKF NA, BOSC Inc. and Cavanal Hill Investment Management Inc. BOKF NA operates the TransFund electronic funds network and seven banking divisions: Bank of Albuquerque, Bank of Arizona, Bank of Arkansas, Bank of Kansas City, Bank of Oklahoma, Bank of Texas and Colorado State Bank and Trust. Through its subsidiaries, the company provides commercial and consumer banking, investment and trust services, mortgage origination and servicing, and an electronic funds transfer network. For more information, visit www.bokf.com.
About DocuTech Corp.
Since 1991, DocuTech Corp. has provided outstanding compliance services and documentation technology for the mortgage industry. DocuTech's software interfaces with leading loan origination systems and enables mortgage professionals to generate documents locally. DocuTech manages and secures all information needed for a loan, guaranteeing accuracy, security and compliance. For more information visit the company's website at www.docutechcorp.com.