The latest generation of DCX includes an enhanced version of DCX Workflow. The recent deployment of this version of DCX for Wolters Kluwer as part of their WK SDX Q3-2011 product release has, in turn, allowed WK clients to start processing loan applications that require multiple signatures from co-borrowers.
Interest from existing lenders has been strong and one large lender has already started processing consumer loans via WK. Through the use of DCX Workflow and DCX Web Services the lender was able to define a workflow package within their own application, add multiple signers and documents and state which signer would be involved in the signing of which document. Each signer receives the package in turn, they review the documents within the package, view and verify that the previous signers in the transaction have indeed signed the package and finally sign or reject the package themselves.
Whenever a signing occurs the e-signature of the signer is added to the package and their signature is also embedded into any PDF documents within the package. The signers and the initiator receive email notifications as the package works it’s way through the signing sequence and the completed package with all the embedded e-signatures is then returned to the initiator. No manual or desktop driven document mark-up is required in this process, thereby making it suitable for high-volume use as part of the workflow within the organization.
All the workflow signing transactions take place within the DCX framework, allowing all the same customization as found in a standard DCX system. This has allowed WK and their client to include many of the DCX features in use within the Mortgage Disclosure sector, such as package level challenge questions, reminders, proof-of-reader and finally auto expiry to paper. The expiry to paper option has allowed WK and the client to seamlessly leverage the WK printing capabilities as part of the DCX workflow.
For more information on DCX please visit our website www.isentry.com
