SEPTEMBER 13, 2018 (STL.News)
Docu Prep, Inc. today announced that it has integrated eOriginal’s digital mortgage solution to provide a complete, signable digital loan document package along with a compliant SMARTDoc® eNote to lenders who want a simplified, comprehensive pathway to transform its business.
“We believe that eOriginal’s proven digital mortgage solution combined with Docu Prep’s leading document platform will provide clients with the tools they need to enter this new and exciting era of digital lending,” said Kortney Harward, Docu Prep Director of Sales and Business Development. “Docu Prep is able to provide clients with a variety of digital closing options to borrowers and enable the management of eNotes.”
The real estate finance industry is undergoing rapid digital innovation that benefits borrowers, originators and the secondary market. Digital closings are delivering competitive advantages and operational efficiencies that cannot be obtained through traditional paper processes.
“eOriginal’s technology is designed to provide clients with greater scale, efficiency, and accuracy. The solution delivers a fully digital mortgage that meets regulatory requirements and is accepted by top lenders, government-sponsored enterprises, and other stakeholders across the digital mortgage ecosystem,” said Simon Moir, eOriginal Senior Vice President and General Manager of Digital Mortgage. “We are excited to collaborate with Docu Prep and its clients to increase digital adoption across the mortgage ecosystem.”
An industry pioneer and named to HousingWire’s 2018 HW Tech100™, eOriginal supports all types of digital closing strategies that will scale in today’s environment, including eNote-only closings and lender document closing. The solution has been pivotal to the scalability and adoption of technology in the mortgage ecosystem for companies such as Fannie Mae, Quicken Loans and MERSCORP Holdings, Inc. Fannie Mae’s utilization of eOriginal’s platform validated the benefits of the company’s platform, including enhanced digital asset management capabilities, accelerated deployment, and reduced overall costs.
About Docu Prep, Inc.
Since 1986, Docu Prep, Inc. has been providing lenders with the documents, technology and compliance to support lending operations across the nation. For more information
eOriginal guarantees trusted transactions of digital financial assets for all parties from the borrower to the secondary market. We do this by creating a ‘digital original’ document with all the legal and enforcement rights of a paper contract combined with the capital and operational efficiency of digitization. Our proven network provides certainty in how these digital assets are created and maintained, delivering the confidence, visibility and compliance lenders and buyers need. As a pioneer in the space, major financial institutions, leading law firms and credit ratings agencies have validated and rely on eOriginal as a trusted partner for Digital Transaction Management. For more information, visit http://www.eoriginal.com.