Houston-based Encomia, a provider of end-to-end e-mortgage technology, has provided new product enhancements with the release of Encomia eDisclosures 2008.5, 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 eDisclosures enables brokers and lenders to create an electronic loan document package in their loan origination system (LOS) 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 explains.
Enhancements include a drag-and-drop signature function that enables users to apply eSignatures to any document. Users can sign documents from any LOS and save the signature layouts as templates for future use. Other product enhancements include faster system response and improved reporting for the loan originator on the signing and viewing statuses of their document packages.
‘Together as a company, we have focused the last two eDisclosure releases on building an even better user experience for lenders and borrowers, on the foundation of an already rock-solid engine,’ says Phil Boyer, chief information officer of Encomia. ‘Not only does this keep Encomia on the leading edge of electronic mortgage technology, it enables us to continue providing our customers with superior technology that makes their jobs easier.’