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idsDoc and PathSoftware Come Together

idsDoc and PathSoftware Come Together

The release states that PathSoftware is the industry’s first completely data-driven, not form-driven, LOS, which means users input all borrower and property information once in logical data fields (not across multiple forms) and then the software uses this data to populate the forms. The company reports that this also makes it easier to adapt to and comply with new regulations, unlike form-based systems that have to be nearly completely rewritten when rules change. When a new form is required, for example the upcoming Uniform Residential Loan Application (Freddie Mac Form 65 or Fannie Mae Form 1003), Path developers simply add the new fields and map them to the correct lines on the new forms.

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