Blooomfield Township-based Flagstar Bancorp hit the big time with DocVelocity winning "Release of the Year" by Mortgage Technology magazine. The online system provides paperless processing for brokers and bankers in the mortgage industry.
Excerpt:
DocVelocity, an online system developed by a wholly owned subsidiary
of Bloomfield Township-based Flagstar Bancorp (NYSE: FBC), was named
"Release of the Year" by Mortgage Technology magazine at the
publication's annual Tech Awards ceremony in San Francisco Oct. 19.
DocVelocity provides independent mortgage brokers and mortgage
bankers with paperless processing technology. The Mortgage Technology
Tech Awards competition was inaugurated in 2000 to recognize practical
excellence in technology in the mortgage industry.
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