Online Documents Inc. said it is helping lenders comply with a California regulation that bars brokers from preparing loan documents in their own name when funding comes from an outside source.

When a licensed broker uses Online's software to produce documents and chooses a particular wholesaler's loan program, the documents will automatically comply with the wholesaler's previously provided document requirements and be printed with the wholesaler named as the lender.

The company said that California is important to lenders desiring a national presence, and that this software will help customers keep their roles and operations in the state consistent.

-Hala Habal

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