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Doc Prep Roots

Headquartered in Novi, Michigan, with satellite production and sales offices throughout the US, Document Processing Systems, Inc. (DPS) has been a pioneer and leader in the mortgage banking industry since our inception in 1982 when Jack Shenkman, Chairman and Richard Chapin, C.E.O, began the company. DPS’ Direct-Docs® closing document preparation services have a long successful history of meeting the document needs of a national customer base including prominent mortgage banking firms, established mortgage brokers, mortgage bankers and credit unions.

Technology Leadership
DPS was one of the first companies to embrace the Internet in the 1990s and quickly transitioned its Direct-Docs® services to a web-enabled platform/on-line service. This technology leadership continues today as DPS embraces the next major Industry transition: paperless eMortgages.

Vision for Tomorrow-Paperless eMortgages Today!
To facilitate the transition to fully paperless mortgages, most companies will need to provide an alternate web presence in order for their clients and partners to execute loans. DPS provides this “Second Home on the Web,” through its DPS eMortgage Studio®, an open, yet secure, web-based collaborative work environment that serves as the central meeting place for all your electronic mortgage operation needs.

While geared toward helping lenders and title companies work together to electronically close loans, the DPS eMortgage Studio® allows all participants in the value chain (lenders, title agents, closing agents, borrowers, sellers, attorneys, investors, servicers, custodians, registrars) to use this “Second Home on the Web” in order to collaborate on the execution of an eMortgage loan. The DPS eMortgage Studio® is fully outsourced, standards-based and custom brand-able, so adding it to your current process or website operation is simple, seamless, and cost–effective.

Management Team
From the beginning, the management team at DPS has demonstrated a profound commitment to quality, customized service, “Audit-Proof” documentation and technology leadership. Today we take great pride in our successful client relationships and our continuing commitment to these goals.

The DPS team is comprised of experienced retail mortgage lending professionals, compliance officers, mortgage lending and funding operations professionals, technology security experts and web design, usability and software development veterans. Their professional experience, collective expertise and cutting-edge thinking assures accurate and seamless execution of even the most demanding processes and loan programs.

Scott W. Powers, General Counsel for Document Processing Systems, Inc., is responsible for maintaining federal and state compliance for DPS’ advanced disclosures, closing documents, and electronic mortgages. A graduate of Wayne State University Law School, Scott is a member of the Mortgage Bankers Association and serves on the MBA’s Legal, Regulatory, and Quality Assurance Committee. He has been with DPS as in-house counsel since 2000.

Lorraine Persh assumed the role of Vice President of Corporate Administration in 1997 after holding a variety of management positions with DPS in the prior 10+ years. She oversees the Project Management function as well as the Financial, Payroll, and Human Resources Departments. She has been instrumental in enhancing company-wide improvements and customer care, and managing the accounting and clerical staffs.

Robert Shanahan, Chief Architect, brings to Document Processing Systems, Inc., more than 18 years of software development and IT consulting experience and expertise. Bob directs initiatives that support DPS’ overall IT infrastructure, software architecture, and our systems integration capabilities. Prior to joining DPS in 2003, Bob served as Technology Director and Principal Consultant for Cambridge Technology Partners.