Reynolds & Reynolds, a provider of document-management software for automotive dealers, has acquired International Document Services, a provider a mortgage-document services.
Reynolds & Reynolds, in Dayton, Ohio,
IDS, in Salt Lake City, is ready to implement services for mortgage-industry customers that are compliant with the Consumer Financial Protection Bureau's TRID rules, or Truth in Lending Act-Real Estate Settlement Procedures Act
"The mortgage industry — much like automotive — is facing the dual challenge of increased pressure from regulators and the changed expectations from consumers who are looking for a more rewarding and engaging experience when handling the documents necessary to purchase a vehicle or home," Robert Burnett, senior vice president of business development at Reynolds & Reynolds, said in a Monday news release.
