Tag Archives: eClosing

Digital mortgage is the latest buzzword in the lending market today. But, according to an eBook titled, “The True Digital Mortgage” by mortgage technology platform provider Ellie Mae, ...

Florida-based Old Republic National Title Insurance Company (ORNTIC) has unveiled a national digital strategy that involves the exclusive use of Pavaso’s eClosing solution for processing digital real estate ...

Corporate Settlement Solutions has successfully implemented DocMagic’s Total eClose solution, which will allow for high-efficiency paperless loan transactions and ensure 100 percent compliance with TRID.

DocMagic, Inc., a provider of fully-compliant loan document preparation, compliance, eSign, and eDelivery solutions, recently announced the official launch of its fully integrated eClosing solution.

Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. We all have read the results from the CFPB eClosing pilot and can all see the tremendous benefits of eClosing. However, many lenders will get it wrong on their first attempt. Mark McElroy, President and CEO of Pavaso, Inc., says that the reason for this is short-sighted approaches based poor assumptions.

Borrowers that close their mortgage using an electronic platform typically have a greater understanding toward the process and are more efficient and empowered, compared to those that take the paper route.