QRL Financial Services (QRL), a nationwide provider of residential mortgage lending services for community banks and credit unions, is using DocMagic’s e-vault technology to purchase e-notes.
This means QRL can increase new business by extending its reach to lenders that are ready to implement e-closings and sell e-notes.
It also means the company can competitively position itself for the future, as QRL will become one of the first investors outside of the GSEs to begin purchasing e-notes.
Because QRL is using DocMagic’s SmartDocs, all documents retain a tamper evident seal to ensure data and document integrity.
The solution will also create greater secondary market process efficiencies because of reduced cycle times. QRL will be able to fund faster with fewer post-closing document issues.
