Guild Mortgage has formed a strategic partnership with digital lending technology provider eOriginal to offer enhanced e-closing capabilities to its customers.
Guild will incorporate eOriginal’s technology into its e-close solution to create, execute and deliver e-notes, adding a crucial function to its digital mortgage origination process. Guild customers will now have the option to review and sign the e-note remotely, wherever they may be.
Additionally, eOriginal provides an eVault, a secure platform for the management of electronically signed assets, such as e-notes, after they are executed. Once an e-note is signed by a customer, it transfers to additional parties, such as warehouse banks or investors, including Fannie Mae and Freddie Mac, directly through the eVault.
“This is a critical time for the mortgage lending industry in needing to find more efficient and secure solutions for completing a mortgage transaction while limiting personal contact and keeping people safe,” says Mary Ann McGarry, CEO of Guild. “We’re committed to offering our customers personalized digital mortgage options, and adding the ability to sign the note electronically is a big step toward a complete e-closing.”
Guild currently offers a secure e-close solution powered by its proprietary technology and DocuSign to make the signing of closing documents easier and less time-consuming than a traditional mortgage closing. Guild’s hybrid e-close process enables customers to sign most loan documents digitally, with a select few documents signed in ink at closing.
Photo: Guild CEO Mary Ann McGarry