MORTGAGE SECTOR

The mortgage sector operates based on a complex process, involving developers, public notaries, financial institutions, appraisers, the Public Registry of Property, and the Bureau of Credit, among others, that requires a comprehensive approach to their efficient collaboration.

DOCSOLUTIONS addresses this need with the DOCFLOW platform, which provides an efficient tool for collaboration in managing all the documentation and the proper follow-up of the business processes involved, from the origination of the credit through its maintenance, to its final disposition through liquidation, placement or securitization, etc.

With all information and documentation in one central platform, notaries, financial institutions and other related parties benefit by a real-time exchange of information, reducing time and costs by eliminating obsolete or redundant processes. DOCSOLUTIONS’ back-office staff, using a reliable database, furnish information relative to the status of the credit application or existing loan at all times, based on supporting information, as well as clear statistics. It is important to clarify that this solution is not a sale of software. Rather, DOCSOLUTIONS’ consultants study each client’s needs and objectives, and then design an integrated, customized response using imaging, data capture, database management, document management and other systems for operation and consultation, case by case. With this powerful platform, a client can direct its resources toward solving its business needs, rather than to purchasing expensive and often generic software and equipment that may not meet its specific requirements.

DOCSOLUTIONS also offers the mortgage section its Data Room Management service for the purchase and sale of portfolios. This allows third parties to examine samples of credit files on paper or in digital format, under strict conditions of control and security, to enable them to prepare a purchase offer. Likewise, DOCSOLUTIONS can act as a neutral third party in the formal exchange of loan documentation when a purchase is carried out.

These benefits have attracted various corporate and institutional financial actors. As a result, DOCSOLUTIONS’ services are used in 2 out of every 3 mortgage transactions in Mexico.

DOCSOLUTIONS supports the modernization of the Public Registry of Property with an array of services tailored to the scope of the initiative in each state and municipality. With a long-term vision and a comprehensive solution, DOCSOLUTIONS offers not only the digitization of the registry books but also the adoption of modern and efficient processes that create a reliable, credible and secure land value registry that offers quick responses.