Encomia, a Houston-based provider of end-to-end e-mortgage technology, has added 23 new customers for Encomia eDisclosures, a solution designed to speed up the residential mortgage loan application process by enabling borrowers to review and sign their up-front disclosures and loan applications online.
Encomia's eDisclosures enables brokers and lenders to create an electronic loan document package in their loan origination system and post it online for signing in SMART Doc format, saving time and money by eliminating considerable amounts of paper and overnight shipping costs, the company says. In addition, the product provides borrowers a link to the application and disclosures by e-mail, allowing them to review and sign the documents when convenient.