Stretto DMM Portal, an online platform used by more than 500 loan servicers to securely deliver documents to borrowers, is now offering DocuSign.
One of the most difficult aspects of mortgage-loss mitigation is managing the signature process, often due to lost or misplaced documents and mail delivery issues. These administrative hurdles result in both time lost and more money spent on resending the required documents for signature.
With the addition of this time-saving feature, loan servicers, attorneys and counselors scan utilize the Stretto DMM Portal to quickly and easily deliver loan modification documents, partial claims, repayment plans, DILs and short sales – all of which can be signed electronically by the borrower.
The DocuSign feature minimizes the likelihood of workout failure due to missed deadlines. Along with time efficiencies, loan servicers also enjoy cost savings, as the price of the Stretto DMM Portal is below that of a two-to-three-day mailing, the company says. The simple solution streamlines the loss mitigation process for all stakeholders and results in more homeowners better managing what is the largest source of consumer debt.
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