Leading Mortgage Processing Firm DPS Revamps Industry and Delivers Paperless eMortgages with Oracle(r) 10g Software
Company Relies on Oracle 10g for Web-Based Mortgage Solutions
REDWOOD SHORES, Calif. 19-FEB-2007 Document Processing Systems, Inc. (DPS), a pioneer in the electronic mortgage processing industry, is using Oracle(r) Database 10g for its DPS eMortgage Studio(tm), the company’s new paperless, electronic mortgage document management system. Running a Linux platform, DPS provides its customers with the ability to electronically create, execute, register and store all mortgage settlement documents -- greatly improving efficiencies, delivering enhanced quality control, and ensuring that each mortgage closing is accurate and complete.
Headquartered in suburban Detroit, DPS provides a secure, Web-based, electronic mortgage document management system to lenders, document custodians, title companies, settlement agents, notaries and borrowers that helps to streamline the entire mortgage settlement process. The company’s DPS eMortgage Studio eliminates many of the problems -- misplaced documents, missing or incorrect signatures, and improper document sequencing -- previously faced during the mortgage settlement process. DPS eMortgage Studio uses Oracle 10g software, including Oracle Database 10g, Oracle Data Guard and Oracle Enterprise Manager 10g, to offer customers a highly reliable IT infrastructure that can handle high volumes of transactions as well as secure highly sensitive data shared during the course of a typical closing. As a fast-growing company, it is important that DPS have a secure and stable infrastructure; one that could scale as their business grows.
“We chose Oracle because of its reputation as a high-performing, enterprise-class database that could handle highly sensitive data in the most secure manner,” said Paul Rakowicz, President, DPS. “In this industry, information is critical and confidentiality is crucial. It is vital that we have an infrastructure that is stable, secure and scalable, and enables us to keep pace with a growing number of transactions.”
Enhanced Data Protection and System Management Capabilities
In conjunction with Oracle Database 10g, DPS implemented Oracle Data Guard to provide added assurance that their application and data is fully protected and quickly recoverable in the event of data center failure or disaster. To shield DPS’s data from failures, disasters and corruptions, Oracle Data Guard creates, maintains, and monitors one or more standby databases that can be used as consistent copies of the production database � helping to ensure high availability and data protection.
Additionally, DPS uses Oracle Enterprise Manager 10g to easily maintain and monitor its IT infrastructure to help improve every aspect of service performance � from database operations to business applications to end-user services. Oracle Enterprise Manager 10g has helped DPS to simplify the management of its Oracle Database by reducing the learning curve and amount of interaction needed for managing backups and other regular maintenance operations. “With the ease of management that Oracle Enterprise Manager 10g has brought to our platform, our administrators have noticed a dramatic decrease in the time they spend troubleshooting issues with database backups, connections and response times,” added Rakowicz.
DPS’ patent-pending Electronic Mortgage Document Management (EMDM) System, the DPS eMortgage Studio(tm), sets the standard in the Industry by providing outsourced, enterprise-quality access to a fully paperless eMortgage process. An established pioneer and leader in the mortgage technology industry since 1982, DPS also supports lenders with their DIRECT-DOCS(r) web-based closing document preparation service and a full complement of compliance and technology professional services. http://www.documentprocessing.com
Oracle (NASDAQ GS: ORCL) is the world’s largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com .
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