SALT LAKE CITY, Utah /eNewsChannels/ — NEWS: Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it is on schedule and has achieved four of its five major development milestones for the TILA/RESPA Integrated Disclosures (TRID) implementation. The final development milestone for IDS is to update the Escrow and Imports sections of idsDoc, after which users will be able to test and review the documents.
“While many firms rushed their TRID solutions to market, IDS took a more measured approach to ensure our customers’ test and review period wasn’t hampered by development bugs and continuous updates,” CEO Mark Mackey said. “Not only has IDS taken a thorough and methodical approach to implementation, but we have also dedicated a significant portion of our TRID readiness activities to educating our customers on the changes they can expect.”
IDS began its implementation process in September 2014, with the first major development update completed in mid-December. While many of the software development changes were completed in the first quarter of 2015, this most recent update, according to Mackey, has been the most intricate and involved. In addition to updates to the Fees section, IDS has also been testing its TRID changes to ensure they are compatible with their customers’ other systems.
“Technology will be critical for lenders in meeting the new compliance demands TRID brings. While the accuracy and effectiveness of the TRID changes in idsDoc is certainly a top priority, it is equally as important to ensure the integrity of the integrations between idsDoc and our customers’ other line-of-business systems,” Mackey added.
A full TRID implementation timeline and additional TRID information can be found at http://ids.actonservice.com/acton/media/11314/trid-truth-in-lending-respa-good-faith-estimate-initial-disclosures-mortgage.
About IDS, Inc.:
IDS, founded in 1986 in Salt Lake City, Utah, is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, initial disclosures and fulfillment. 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. The system is backed with compliance and document guarantees.
IDS succeeds with unsurpassed customer service, sophisticated technology, and a diligent compliance team. Lenders looking to get more out of doc prep can visit the IDS website at http://www.idsdoc.com/ or call 800-554-1872.
Twitter: @idsDoc
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