iDatix(R) Announces Innovation in Post-Closing Exception Handling for the Mortgage Industry at Mortgage Bankers Association's 91st Annual Convention Starting This Weekend

CLEARWATER, Fla., Oct. 23, 2004 /PRNewswire-FirstCall/ -- iDatix Corporation, a premier provider of business process automation solutions for the mortgage industry, today announced the launch of VeriDox: a significant addition to the iSynergy(R) Mortgage product suite. VeriDox is specifically designed to help mortgage lenders streamline their Post-Closing Document Review by providing rules-based exception handling functions. iDatix is making its announcement as part of its participation in the 91st Annual Mortgage Bankers Association Conference in San Francisco.

"Our mortgage industry customers have expressed their concerns about poor quality, fluctuating staffing demands and compliance requirements in their Post-Closing Document Review. And as margin compression among lenders continues to drive the requirement for process improvement, they are looking for an integrated solution to address these issues," according to Steven Allen, iDatix Chairman.

As a leader in the development of paperless solutions, iDatix designed iSynergy Mortgage to enable its users to automate their business processes throughout the loan cycle. While loan origination and portfolio administration have led the automation wave, Post-Closing review remains a time-consuming, labor-intensive activity.

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