First American Mortgage Solutions has launched a new e-closing solution designed to securely deliver digital settlement for digital mortgage.
Pilot tests of the e-closing solution, which integrates technology from Snapdocs and Nexsys, are underway with key customers, the company reports.
“We’re committed to protecting the integrity of real estate transactions, whether they are closed with wet ink or an e-signature,” says Kevin Wall, president of First American Mortgage Solutions, in a release. “Our e-closing solution will enhance the consumer experience and increase efficiency, while reducing risk and operational errors.”
The e-closing solution will include a mobile-friendly interface, consumer document preview, mobile notary digital scheduling, consumer appointment confirmation, e-signatures for hybrid e-closings and remote online notarization (RON) capabilities where approved for fully digital e-closings.
For RON e-closings, the solution will also manage “e-vault-ready” loan documents, including fully executed e-notes, ready to support a lender’s MERS e-registry and e-vaulting workflows.