Accenture launched a new release of its Mortgage Candence Loan Fulfillment Center, which now allows borrowers to electronically sign disclosures with e-signature functionality. This cloud-based platform will enable borrowers to sign more quickly and has improved security.
One of two origination systems provided by Accenture, the Loan Fulfillment Center offers credit unions, community banks, and regional banks retail mortgage lending functionality through its Borrower Center, Document Center and Imaging Center solutions. This is the next step in bringing lenders closer to a completely electronic, wholly web-based mortgage process.
“Enhancing process transparency and improving convenience support lenders and borrowers alike. Offering e-signature functionality brings the Loan Fulfillment Center one step closer to enabling the completely digital mortgage,” Senior Product Line Lead of Accenture Mortgage Cadence, Paul Wetzel said. “From application, to processing, underwriting, and closing, including a robust document service complete with e-signature and e-delivery provides additional convenience and efficiency for lenders and their customers.”
Delivery between ordering documents and sending them to the borrower takes mere minutes from start-to-finish with the center. The simple signing process provided by this latest release walks the borrower through which documents require a signature, and which simply need review and also tracks which documents were signed and which are still outstanding. Borrowers and lenders using the platform also receive notifications when major milestones are achieved, such as successful signature on all documents.
Accenture is a global management consulting, technology services and outsourcing company, with more than 319,000 people serving clients in more than 120 countries. The company generated net revenues of $30 billion for the fiscal year ending Aug. 31, 2014. Accenture Software combines deep technology acumen with industry knowledge to develop differentiated software products. Accenture Mortgage Cadence serves as the core mortgage loan-origination platform for Accenture Credit Services, a business service providing consulting, technology and outsourcing services to the residential mortgage, commercial lending, leasing and automotive finance industries.