Encomia Enhances eDisclosures Product
June 3, 2008
Encomia, a provider of end-to-end eMortgage technology, announced new product enhancements with the release of Encomia eDisclosures 2008.5, a solution designed to speed up the residential mortgage loan application process by enabling borrowers to review and sign their upfront disclosures and loan applications online.
Encomia eDisclosures enables brokers and lenders to create an electronic loan document package in their loan origination system (LOS) and post it online for signing in SMART Doc format, saving time and money by eliminating considerable amounts of paper and overnight shipping costs.
Enhancements include a drag and drop signature function that enables users to apply eSignatures to any document. Not only can users sign documents from any LOS, but they can also save the signature layouts as templates for future use. Other product enhancements include faster system response and improved reporting for the loan originator on the signing and viewing statuses of their document packages.