Customized Experience Provides Simplified Access to Key Lender Documents in Fully Digital Environment
May 31, 2018 – eOriginal, Inc. today announced a new program that will provide settlement agents customized access to key lender documents, including the eNote, in a fully digital environment. The program enables the ability to digitally execute lender documents without the need to sign a lengthy term contract, pay additional fees or attend extensive training.
“Settlement agents are integral to the scalability and adoption of digital mortgage,” said eOriginal’s Senior Vice President and General Manager of Digital Mortgage Simon Moir. “The goal of the Close with Confidence program is to reduce barriers to entry into the digital mortgage ecosystem for settlement agents without a ‘pay to play’ requirement. Settlement agents can easily support the closing of loans for lenders in the digital mortgage space.”
As the industry continues to streamline the digital mortgage closing experience for borrowers, lenders are adopting eNotes at a rapid pace. For settlement agents, digital closings improve quality control and productivity while mitigating document fraud. A digital mortgage strategy is a competitive necessity and essential to accommodate growth and provide direct access and speed of delivery of mortgage documents to the secondary market. eOriginal has helped hundreds of companies gain a competitive advantage in the digital age. The Close with Confidence program is the next step to expanding the digital mortgage ecosystem.
“Digital mortgages do not exist without the promissory note signed electronically. The Close with Confidence program is designed to make it easier for settlement providers to coordinate with lenders on their eNote initiatives,” said Kevin Wall, president of First American Mortgage Solutions, a part of the First American family of companies that provides comprehensive solutions for residential lenders and servicers covering the entire loan spectrum. “We are committed to the mutual goal of increasing adoption of digital mortgages and are pleased to work with companies like eOriginal that offer pragmatic, scalable solutions to improve consumer experience.”
An industry pioneer and recently named to HousingWire’s 2018 HW Tech100™, eOriginal supports all types of digital closing strategies that will scale in today’s environment, including eNote-only closings and lender document closing. The solution has been pivotal to the scalability and adoption of technology in the mortgage ecosystem for companies such as Fannie Mae, Quicken Loans and MERSCORP Holdings, Inc. Fannie Mae’s utilization of eOriginal’s platform validated the benefits of the company’s platform, including enhanced digital asset management capabilities, accelerated deployment, and reduced overall costs.
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eOriginal guarantees trusted transactions of digital financial assets for all parties from the borrower to the secondary market. We do this by creating a ‘digital original’ document with all the legal and enforcement rights of a paper contract combined with the capital and operational efficiency of digitization. Our proven network provides certainty in how these digital assets are created and maintained, delivering the confidence, visibility and compliance lenders and buyers need. As a pioneer in the space, major financial institutions, leading law firms and credit ratings agencies have validated and rely on eOriginal as a trusted partner for Digital Transaction Management. For more information, visit www.eoriginal.com.