In response to increasing borrower accusations toward lenders of improper disclosure processes, SigniaDocs, a Houston-based provider of complete e-mortgage services, has introduced eSign eNsure.
According to the company, this tool enforces compliant disclosure and closing practices by warranting the Good Faith Estimate, the Truth In Lending Statement and annual percentage rate calculations by creating electronic date and time stamps in key disclosure areas, signifying borrower understanding and acceptance of the loan conditions.
Developed in collaboration with Shanks Darby PC, a Houston-based law firm specializing in commercial and residential real estate law and compliance, eSign eNsure creates a legal representation and warranty around processes that involve electronic loan document disclosures.
Source: SigniaDocs