The eSignLive Digital Mortgage Solution includes e-signatures, e-Delivery, e-Closing and e-Vaulting. The components can be used together or as single solutions to assist with both regulatory compliance and customer satisfaction.
“Homebuyers have demanded digital mortgages for years, however many industry stakeholders were not ready to replace paper,” VASCO vice president of product strategy for eSignLive Michael Laurie said. “Today, investors, lenders, counties, title companies and others are not only ready, but rapidly adopting the digital mortgage for its speed, efficiency and ease of use.”
eSignLive’s Digital Mortgage Solution assists with each stage of the mortgage process. E-Signatures and e-Delivery facilitates quick delivery and acceptance of the mortgage application disclosure package, and includes a patented visual audit trail which captures applicant intent while providing borrowers with a pre-closing package review meeting TRID closing disclosure timing requirements.
E-Closing security and workflows allow for document review, signing and notarization in PDF while supporting SMART Doc format for the mortgage note. It also secures a secure transfer of the authoritative copy of the note to an e-Vault. E-Vaulting handles documents in compliance with federal regulations and maintains legal authority over the authoritative copy while providing automatic registration, transfers and other operations through the MERS eNote Registry required by investors, lenders, custodians and servicers.