Financial holding company BB&T Corp. has chosen Fiserv's Secure Lending solution to electronically deliver initial disclosures and other pre-closing documents, with an electronic signature option, to borrowers.
Using the Fiserv solution will enable Winston-Salem, N.C.-based BB&T to manage workflow with compliance best practices by tracking and retaining all versions of RESPA three-day disclosures and other pre-closing documents sent to borrowers, Fiserv says.
The Secure Lending solution electronically streamlines and manages the sharing of up-front loan disclosures with borrowers. BB&T sends the documents from their loan origination system to the customizable secure eLending Web site, where borrowers view, electronically sign, print or download them, according to Fiserv.
BB&T will soon have the ability to receive the electronically signed documents and any unsigned versions directly back into their loan origination system, where they will be transferred into BB&T's internal document repository. Fiserv also says that BB&T is able to see the full details and the status of documents that have been electronically distributed through the Secure Lending platform, which features expanded reporting functionality.