eDominate Inc., a Phoenix-based global provider of buying-cycle management software for financial institutions, has launched LOS Green, a paperless lending solution that allows lenders to originate and close loans electronically.
This eco-conscious solution provides an end-to-end system for origination, processing, underwriting, disposition, closing, and boarding loans – all done with electronic documentation, communications and reporting, the company says. Financial institutions will also have access to electronic signature and secure document storage.
Financial institutions can further reduce time and costs with eDominate's secure messaging center, which can ensure that all loan documents are produced correctly, reviewed, authorized and distributed to key loan parties.