eDominate Announces Paperless Loan Origination System

December 4, 2007

eDominate Inc, has launch LOS Green, a paperless lending solution that allows lenders to originate and close loans electronically. This eco-conscious solution provides an end-to-end system for origination, processing, underwriting, disposition, closing, and boarding loans — all done with electronic documentation, communications, and reporting. Financial institutions will also have access to electronic signature and secure document storage.

“Community-focused financial institutions are shifting away from manual processes and wasteful paper trails, and moving towards electronic solutions that greatly reduce cycle times, resource conservation, and process efficiencies,” said Mike Einsel, VP Global Channel Development at eDominate. “Our new LOS Green technology supports those efforts while improving departmental communications, compliance and audit procedures, and overall customer satisfaction with lending.”

Financial institutions can further reduce time and costs with eDominate’s secure messaging center which can ensure that all loan documents are produced correctly, reviewed, authorized, and distributed to key loan parties: Borrowers, realtors, title, insurance, etc. Over the next several months eDominate will be holding a series of Webinars to showcase the LOS Green solutions; schedule your time today by visiting www.edominate.com/green.asp.

Source: eDominate