(BUSINESS WIRE) McKinney, Texas - Schwartz & Associates, a developer of a Web-based, intuitive mortgage document solution called "DocsDirect(TM)," launched its patent pending, DataSync(TM) technology by implementing the solution with Grand Prairie, Texas-based Realty Mortgage Corporation. DataSync automatically identifies discrepancies in information used in mortgage closing documents, via the Internet.

Realty Mortgage began using DocsDirect in 1998 and now offers DocsDirect's Web-based document closing solution, DataSync, to its brokers throughout the nation. Realty Mortgage implemented DataSync as an internal pilot program and used the technology throughout all stages of its development. Realty Mortgage's rollout to its brokers coincides with DataSync's official launch.

The DataSync system serves as an interface between multiple external databases for both the wholesale lender and its brokers. Once the broker enters the details for a loan into his loan origination system (LOS), DataSync then compares the information against the data specified by the lender and identifies any discrepancies between the external databases. Once errors have been identified, users make the appropriate changes to ensure accuracy of the closing documents before printing.

"DataSync's inherent efficiencies created room for new business and decreased document errors and, as a result, has helped bolster our earnings," said Robert Gerrard, vice president, Realty Mortgage Corporation. "The level of efficiency offered by DataSync is unparalleled. Mistakes are caught before documents are finalized, and I can rest easier knowing they are accurate on delivery."

Required information entered into the LOS and other external data sources automatically feed into the DocsDirect closing document program, eliminating the need to re-key redundancies. DataSync provides the investor the ability to customize business rules based on any available data field.

"Only the best brokers close loans with minimal errors, and the other brokers who compromise accuracy for speed and accommodating their clients cost mortgage companies millions," said Dennis Schwartz, president and founder, Schwartz & Associates. "The launch and implementation of DataSync creates new efficiencies that please the broker, the lender, and the chief financial officer."