Tuesday, September 06, 2005

Guardian Mortgage Docs: Expands a relationship

Principal Bank, a member of The Principal Financial Group has added a new home equity product to its menu and is again turning to Guardian Mortgage Documents to handle the paperwork. Getting the docs right for HELOCs was a pesky problem that took doc prep firms a while to work out. Guardian is not the only company doing a brisk business in this area, but it was one of the first to come out with a product that worked every time, which it calls NGIS (Next Generation Input System).

What's not in the release: GMD doesn't just do docs. The company also owns an outsourcing division. The systems it rolled out to the market were first developed and tested by its own internal teams on live deals. That's quality assurance testing.

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