a la mode's SureDocs e-mortgage Application Delivers for Flagstar Bank Originators and Brokers
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A La Mode, Inc.
3705 W Memorial Rd.
Oklahoma City, OK, 73134
Press release date: May 15, 2007
OKLAHOMA CITY, May 15 - Flagstar Bank, a proven leader in paperless mortgage processing, and a la mode, developer of mission critical desktop, mobile and Web tools for mortgage originators, announced the completion of a custom software plug-in to a la mode's SureDocs system, which will streamline document delivery for Flagstar brokers who use the application.
Brokers and other originators doing business with Flagstar Bank can now obtain secure e-signed mortgage documents effortlessly and efficiently with a la mode's class-leading SureDocs system. The plug-in delivers the SureDocs e-documents to the bank through Flagstar's backend processes over a secure SSL (Secure Socket Layer) connection.
Being able to send SureDocs e-mortgage paperwork directly through Flagstar's Digital Document Transfer network saves the broker time and money by eliminating manual steps by making courier fees and delivery time lag things of the past. Borrowers can be locked down more quickly and brokers can deliver more prompt, professional customer service. Once a document has been delivered through the Flagstar plug-in, a broker can also log in to check its processing status at any time. For its part, Flagstar receives fully ESIGN and UETA compliant documents securely and privately, complying with Gramm-Leach-Bliley requirements.
"Flagstar Bank is a demonstrated digital mortgage document pioneer," said Executive Vice President and Chief Technology Officer Charles Kirkpatrick of Flagstar Bank. "Working with a la mode to allow our brokers to deliver SureDocs documents and disclosures through this secure integrated connection is another innovative step in the evolution both of Flagstar Bank and the mortgage industry toward true e-mortgage capability."
"Brokers see SureDocs as the industry's most robust, reliable, and hassle free e-document creator and e-signature application," commented Brad Eaton, Vice President of Mortgage Products with a la mode. "And since there are no per-use or per-loan fees, and the system is so easy to use, the adoption rate at street level is fantastic. Brokers and originators don't have to worry about implementation headaches, and instead get to focus on lowering costs and delivering superior service to borrowers."
About a la mode
Founded in 1985, a la mode develops desktop, mobile, and Web tools for the real estate and mortgage industries. a la mode's mission-critical products are used by hundreds of thousands of appraisers, agents, inspectors, and lending professionals to complete the nation's real estate transactions. a la mode's state-of-the-art offices are located in Salt Lake City, Orlando, Oklahoma City, and Washington, DC. For more information, visit www.alamode.com.
About Flagstar Bank
Flagstar Bank is a $15.4-billion-asset federal savings bank and one of the leading originators of residential mortgage loans. Flagstar originates mortgage loans nationwide through 72 home lending centers in 18 states and a network of approximately 6,000 active brokers and correspondents across the country. Flagstar Bank, which is a wholly owned subsidiary of Flagstar Bancorp, Inc. (NYSE:FBC), also operates 156 retail banking centers in Michigan, Indiana and Georgia.
Contact: Matt Barr firstname.lastname@example.org a la mode, inc. 1-800-252-6633 ext. 239
Source: a la mode
Web site: http://www.alamode.com/