Simplifile, Docutech Partner to Enhance E-closing Capabilities
September 28, 2017
Simplifle and Docutech announced the integration of technologies that offers a new electronic closing solution for title agents, lenders and borrowers, and allows each transaction to be as digital as possible.
In a release, the companies said the solution will give title agents “the ability to confidently conduct e-closing ceremonies, e-sign, e-notarize and e-record effortlessly, while lenders will be equipped with a solution that extends beyond the closing table well into post-closing.”
“As more and more lenders strive to make e-close their transactional standard, we are focused on delivering the comprehensive solutions they need to optimize this process and provide their borrowers with the most streamlined experience,” said Amy Brandt, president and COO of Docutech. “Our integration with Simplifile enables us to bring the industry one step closer to a mainstream paperless mortgage process, and we couldn’t be more excited about this advancement.”
Through the agreement, borrowers will be able to preview their closing packages and (optionally) e-sign any documents that don’t require notarization prior to closing. From there, the closing agent and borrower can complete the closing electronically, with full e-notarization capabilities. Once the closing is complete, closing agents can electronically submit documents to counties for recording. The recorded documents and data along with other trailing documents will then be electronically returned to the lender.
“We’re thrilled to announce our agreement with Docutech, a company as passionate as we are about helping the industry achieve the benefits of mortgages that are as paperless as possible,” said Paul Clifford, president of Simplifile. “By working together, we are creating the necessary infrastructure to transform digital mortgages from whiteboard to reality today.”
Contact ALTA at 202-296-3671 or communications@alta.org.