SAN DIEGO— February 9, 2015—Axacore, a Scrypt company, Scrypt, Inc. (OTC Pink: SYPT) and provider of electronic document management solutions for the lending industry, announced that Gateway Mortgage has expanded their use of the XDOC platform beyond loan origination, and into their human resources and loan servicing departments.
Gateway recently implemented paperless workflows to help eliminate the regulatory and management risks inherent with paper. XDOC’s built in scalability and flexibility made it easy for Gateway to initiate paperless processes across more of their organization. XDOC worked with Gateway to create multiple projects that are integrated and configured independently of each other, which helped Gateway achieve their company-wide goal of expanding document controls past loan originations.
“Our loan origination process was paperless, however, certain back office and servicing functions were still relying on paper which created a lot of risk,” said Kevin Osuna, Senior Vice President of Mortgage Servicing at Gateway. “Because XDOC is so flexible and scalable we were able to easily deploy paperless workflows independent of what we had in place, yet on the same platform very simply,” added Osuna. “We have relied on XDOC's expertise in all things document management for several initiatives in the past few years and they always deliver.”
“All too frequently we see lenders go paperless for their loan originations, then forget about the back office and post origination functions. In today’s highly regulated environment, the risks do not stop after a loan funds,” Said Aleks Szymanski, CEO Scrypt, Inc. “Gateway’s ability to recognize these risks, and their willingness to tackle them head on by expanding their use of XDOC made them a pleasure to work with.”
ABOUT GATEWAY MORTGAGE
Founded in 2000, Tulsa, Okla.-based Gateway Mortgage Group LLC is a complete end-to-end mortgage banking firm that specializes in originations, subservicing and correspondent lending. The company services more than $5.0 billion in residential mortgages. For more information about Gateway, visit www.gatewayloan.com