Fidelity National Information Services Inc. (FIS) has introduced a Web-based loan modification and electronic signature solution that is built into its ClosingStream e-mortgage technology platform. The solution primarily is designed to help lenders save money by limiting adjustable-rate mortgage reset servicing costs, while reducing the loan modification and electronic signature time frame from the typical eight to 10 days down to as little as a matter of minutes, FIS says.
ClosingStream's loan modification and electronic signature solution is available in a service model or, in conjunction with a company's own software and branding parameters, as a private-label application, FIS notes.
‘Customers are able to conveniently e-sign documents virtually anywhere, anytime – at home, at the office or on vacation,’ says Ron Frazier, president of the LSI division of FIS. ‘The e-sign feature provides benefits to both the customer and lender by providing an effective and efficient method to present, review and sign most document types. By using our technology, most documents are signed within hours, sometimes minutes, versus the days that it traditionally takes.’
