mTech Services - eRecording Electronic Document Recording

The MILLENNIUM DEFAULT SYSTEM (“MDS”) is a highly sophisticated Window’s based foreclosure processing software application that was developed using 35 years of experience in the foreclosure industry.

It is tightly integrated with several Enterprise components including Imaging, MS Office, Outlook and Adobe PDF allowing totally Automated Workflow Processing and Document Management with absolutely no paper files.

MDS has built-in safeguards to prevent completing of events when information or documentation is missing." The application also allows vendors to enter information via the Web or direct transmissions to complete events.

MDS has virtually done away with “double-entry” of data and in some areas there is no entry of data at all with vendor updating.

MDS supports a higher level of technology allowing integration with custom components and customized interfaces. It is scalable from small to large enterprise systems.

MDS is licensed and installed on your network preserving data independence and integrity. It is available in modules and can be implemented to fit the requirements of your shop.

Rules Based Workflow with automated tasks and procedures that are unique to individual Lender and Public Trustee requirements.

Increases productivity and shortens foreclosure timelines.

Built-in safeguards to prevent completing of events when information or documentation is missing.

County Document Rules allow maximum flexibility for meeting individual Public Trustee requirements.

Automated emails send information and documents to Clients and Public Trustees when events are processed.

Fees and costs are automatically added to the file when events are completed.

Sale dates and publication dates are automatically calculated and scheduled.

Already set up for electronic transmission of documents to the PT when available.

Electronic connectivity to Lender and Servicer updating platforms.

Optimage and Ascent Capture (OIT)

OIT is used to capture and display foreclosure documents in a SQL Server database. MDS is also used to capture and display foreclosure documents in the OIT database.

MDS has a sophisticated interface with the OIT software that
causes relational entries to be made in the

MDS has a user-interface that browses, previews and prints the documents in OIT. This integration also allows MDS to serve as the Imaging entry point. This means MDS can control the source of the imaging document, i.e. via email, desktop scanning, windows drag and drop, which has exponentially expanded the functionality of both components, MDS and OIT. The integration of these 2 software applications has created an Enterprise system that cannot be beat!

Back To Top

Secondary integration is between MDS and MSOffice, MSOutlook and Adobe Acrobat PDF software, automatic data transmissions via XML, Web Entry and File Transfers:

MDS is built on an automated Workflow model.

MDS uses MSAccess, MSExcel and Word to create documents. Each document is automatically stored in the OIT database. Documents may be converted to tiffs or PDFs during processing. These documents may then be attached automatically or via the interface to emails or faxes using MSOutlook. Files received via email or fax are easily imported into the MDS database and then automatically stored in the OIT database.

MDS employs several means of automating input and output to reduce data entry between mTech and their customers and vendors:

The mTech Web allows Vendors and Customers to input data directly into the MDS Foreclosure database.

Nightly automatic File transfers transmit data to customers and vendors.

Real-Time XML transfers transmit data to customers and vendors.

Daily upload of invoices to New Invoice Web site.

Daily upload/download of file data between MDS and Lenstar. (see the next section for an expanded overview of MDS’s integration with Lenstar.

Back To Top

MDS and Lenstar

MDS has an automated interface to LenstarWeb allowing the exchange of information with the servicer for each file. This negates the need for duplicate data entry into Lenstar and consolidates all file information into one source - MDS. The synchronization of MDS data with Lenstar data occurs on an hourly basis. Following are the specific functions of the interface:

Download all new file information from Lenstar to MDS when a file is opened by the Servicer including their events and tracking dates.

Alert the MDS loan processor to updated file information entered by the Servicer.

Send change of loan processor message to Lenstar on each event change (if worklist employee has changed).

Send updated projected and completion dates whenever a Lenstar event date has changed.

Send projected Sale Date / Time when set or recalculated.

Send Hold Issue information when a Hold is created for a file.

Send Close file date and reason.

Retrieve messages from Servicer into Comments (info only) / Worklist (not info only).

Send messages to Servicer from Comment QuickStart.

Send Sale results to Servicer.