GMD Offers Transaction Management.(Guardian Mortgage Documents)

Guardian Mortgage Documents (GMD) here has just released a new product dubbed GMD's Transaction Management System (TMS), which includes the basic document preparation functions with workflow capabilities and other features designed to make it more functional.

"TMS is a Web-based product that has document preparation capabilities at its core, but also includes automated workflow that enables all participants in the mortgage chain to have real time access to participating and/or viewing the status of any activity that needs to take place to close the loan," said Tim Anschutz, vice president, marketing at GMD. "Essentially it's a Web-based technology that automates all document production, management and workflow functions into one centralized and paperless portal."

The product was originally used internally at GMD to service clients on an out-sourcing basis before the company decided to spin it out and market it to the industry. "A Citibank would call us and say that they're pipeline is full, so once we originate a loan we'd like to hand it off to Guardian to handle it all the way through post closing," Mr. Anschutz noted. "Two years ago we couldn't find a piece of software that did everything that we needed it to do in order for us to service our clients in this manner so we developed our own software."

TMS was developed to streamline the process and to make it easier to flow from origination to closing in a more ...