Integration accelerates mortgage closing process with leading eSignature and digital mortgage platforms
Mortgage Cadence LLC, an Accenture Company (NYSE: ACN), is announcing an all new integration with award-winning electronic signature and Digital Transaction Management (DTM) provider DocuSign, Inc. (DocuSign®), and the vaulting, transaction and transferable records services of eOriginal, Inc. This new integration helps to expedite the mortgage origination process while creating a more streamlined, reliable and secure digital experience for borrowers, lenders and investors.
With Mortgage Cadence’s proprietary Document Center solution, documents are generated dynamically in just seconds based on loan-level data and are then delivered for electronic signature using DocuSign. Lenders and borrowers alike are now able to securely review and electronically sign disclosures and closing packages in minutes – anytime, anywhere, on nearly any device.
“DocuSign and Mortgage Cadence share a vision for a digital future where the hassles, costs and lack of security from the reams of paperwork required to apply for, process and close a mortgage are a thing of the distant past,” said Georg Gerstenfeld, Vice President of Real Estate Solutions at DocuSign. “The integration of DocuSign and eOriginal into Mortgage Cadence’s Document Center advance us towards that digital future today by empowering anyone to transact business all-digitally.”
eOriginal extends the Mortgage Cadence loan experience by allowing lenders to deliver a fully electronic mortgage process built around its best-of-breed solution, which was recently certified as a Fannie Mae eMortgage solution provider.
“With a new generation of homebuyers and increasing demands for transparency from regulators and investors, we have reached a tipping point in the digital transformation of the mortgage industry,” stated Stephen Bisbee, CEO and president of eOriginal. “Working with great partners like Mortgage Cadence and DocuSign, we have paved the way for an outstanding end-to-end solution that offers a practical migration path for adopters while addressing an acute need for data exchanged between counterparties.”
All signed documents are tracked, retrieved, and stored in the Mortgage Cadence Enterprise Lending Center or Loan Fulfillment Center, ultimately driving additional tasks and keeping the lender on-platform and focused on the lending process. DocuSign and eOriginal will help enable the following benefits:
- Security: All communication occurs using encrypted technology with two-factor authentication, while documents and loans are protected with security measures for encryption, data backup and 24/7 monitoring of all systems.
- Borrower–Lender transparency: All parties are notified when major milestones are achieved, such as the borrower successfully signing all of the required documents. Also, reminders are configurable to set follow-up tasks, reminding staff to reach out to the borrower if they have not received the all-signed notification.
- Greater simplicity: The electronic signing process walks borrowers through signing documents using an intuitive and familiar screen flow, making review-only documents easily accessible. Mortgage Cadence’s loan origination solutions also track which documents have been signed and which still require signature, allowing the borrower to complete the process at their leisure.
- Stability: Advanced nfrastructure, technology and solutions help to ensure that eSigning is a stable, reliable and dependable part of the mortgage transaction.
- All-digital: Provides clients with consumer engagement tools like eSign, eClose and other closing collaboration tools.
“Most borrowers today – whether millennials or baby boomers – are accustomed to doing just about everything online,” said Trevor Gauthier, president of Mortgage Cadence. “In order to increase borrower satisfaction, lenders require tools that allow them to originate and close mortgages digitally. Integrating with DocuSign’s and eOriginal’s best-in-class eSignature and eClosing solutions, along with our proprietary loan origination and document preparation and delivery solutions, allows us to provide an incredibly robust service to our clients and their borrowers – a testament to our dedication to the mortgage industry.”
Mortgage Cadence has been partnering with lenders since 1999, offering the industry’s only true one-stop-shop mortgage technology solutions designed for point-of-sale through post-closing. In a time when efficiency, speed and the customer experience are paramount to the success of lenders, Mortgage Cadence offers the most reliable software and dedicated people, supporting lenders every step of the way. Visit www.mortgagecadence.com for more information.
DocuSign® is changing how business gets done by empowering anyone to send, sign and manage documents anytime, anywhere, on any device with trust and confidence. DocuSign and Go to keep life and business moving forward. For more information, visit www.docusign.com, call +1-877-720-2040, or follow us on Twitter, LinkedIn and Facebook.
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eOriginal offers an end-to-end digital mortgage solution — from signature to notarization and recording through warehousing and custodial services — that addresses the gaps that have long hampered broader adoption of digital mortgage platforms. eOriginal is spearheading the collaboration to deliver a fully digital process that includes eNotarization, eRecording, eWarehousing, eCustodian services and integration with Mortgage Industry Standards Maintenance Organization (MISMO) compliant SmartDocs and Forms. Well-designed for disruptive lending markets, eOriginal already is delivering its lending and asset management platform to the student loan, vacation ownership and vehicle finance industries, among others.
Integrated with eOriginal’s eAsset Management Platform and the newly released DatalyticsTM solution, the eMortgage platform will empower greater data transparency, better analysis and regulatory compliance capabilities throughout the mortgage loan process.