SALT LAKE CITY, Utah — International Document Services, Inc. (IDS), a mortgage document preparation vendor for closing docs, initial disclosures and reverse documents, in 2009 marked a record-setting year for document processing volume. The IDS flagship solution, idsDoc (www.idsdoc.com), is the doc prep solution of choice for mortgage lenders and attorneys requiring customized closing documents.
“We are pleased, but not particularly surprised, that idsDoc 2009 volume was 82 percent more than 2008 and 88 percent higher than 2007,” said IDS president Curt Doman. “Those were less than stellar years for lenders and the industry in general.”
“What really catches our attention, though, and demonstrates growth in the mortgage lending niche IDS serves, is the fact that our 2009 volume has already beat our 2005 volume by nearly 50 percent,” he added. “In fact, 2009 was a volume record setting year for the company.”
Doman attributes the increase in IDS volume over the last 12 months to a persistent influx of clients, specifically in the Texas market; a sound client mix, including attorney clients; a market-driven culling of competitors; IDS strategic partner integrations; and gaining preferred vendor status with reputable aggregators such as Lender’s One and Capital Markets Cooperative.
“Our strategic investments over the last three or four years have really paid off, including our commitment to helping our customers with custom documents for their ‘more estoeric’ lending,” said Doman. “We have purposely targeted mortgage lenders and closing attorneys that are doing things a little differently – that have proprietary processes specific to their business – because that is the highest and best use of our technology.”
“idsDoc was built with flexibility at its core,” he said. “IDS can build solutions on its platform and easily customize the system to meet our clients’ needs, versus the doc prep providers that have not made the same investment in that capability. IDS is focused on a market segment where cookie cutter document sets are not enough, and from what we are seeing there is pent-up demand.”
About IDS, Inc.:
IDS, Inc. has been a nationwide provider of mortgage closing documents for more than 20 years. Their services include closing documents, reverse documents, initial disclosures and fulfillment. Its solution, idsDoc, is recognized in the industry for its flexibility to customize to specific lender needs. IDS backs the system with unsurpassed customer service, innovative development and a solid compliance team. For lenders looking to move forward when it comes to doc prep, visit the IDS Web site at www.idsdoc.com or call 800.554.1872.