Lenders One, a St. Louis-based national alliance of independent mortgage bankers, and Houston-based Encomia, a provider of end-to-end e-mortgage technology, have launched a marketing partnership aimed at providing Lenders One members with electronic disclosures technology.
Through the partnership, Lenders One members can utilize Encomia's e-mortgage solution to create e-signature-capable 1003 and upfront disclosure documents and enable electronic signatures while originating, funding and selling loans to the secondary market.
According to the companies, this capability will enable members to access technology that saves time and money by eliminating considerable amounts of paper and overnight shipping costs associated with lending procedures. Furthermore, Encomia's platform is expected to simplify the lending process for members by allowing their borrowers to access, review and sign applications and disclosures over the Web.