Major lender conducts first live Solex eClosing, SMART®
Doc eNote registration and transfer
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Docutech, the leading provider of document, eSign, eClosing, and
compliance technology for mortgage, home equity and consumer lending,
today announced that its Solex eClosing and eVault solution has been
approved by Fannie Mae for eClose, eNote, and eVault functionality. In
addition, the Solex eVault has received certification from the MERS
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eRegistry for all eNote management transactions.
Solex eClosing and eVault enables lenders to securely close and register
electronic notes on the MERS eRegistry and deliver them with full
confidence that each mortgage satisfies investor requirements.
Leveraging Docutech’s proprietary and enhanced Solex eVault, lenders can
securely and automatically store eNotes, register them on the MERS
eRegistry and transfer control to investors via direct VPN connectivity
to Solex. The MERS eRegistry serves as the legal system of record for
identifying the Controller (holder in due course) and Location
(custodian) for the Authoritative Copy of every registered eNote in the
country today.
In conjunction with Solex’s Fannie Mae approval and MERS certification,
Docutech announced that a top five retail mortgage originator has
executed its first eClosing using Solex, including registering an eNote
on the MERS eRegistry and delivering it to Fannie Mae.
The Solex eClosing platform, in partnership with Simplifile, provides
lenders with a comprehensive Integrated eClosing solution, with eSigning
efficiencies from initial document generation through post-closing.
Combined with Docutech’s dynamic document generation engine ConformX,
lenders can automatically generate digital, data-driven documents that
adhere to rules-based intelligence and meet specific loan criteria.
Docutech and Simplifile’s intelligent eEligibility engine analyzes each
closing package to be as “e” as it can be, according to state, county,
and investor variations. Hybrid options include eSigning of ancillary
documents, plus options for SMART Doc eNotes, eNotarization and
eRecording.
“We are honored to work side-by-side with leading lenders in the spirit
of driving innovation and delivering an exceptional customer
experience,” said Amy Brandt, Docutech’s president and CEO. “Fannie Mae
and MERS have been critical to the actualization and furtherance of
eMortgages within our industry. With their backing, we can ensure that
our solutions meet the highest standards and are able to comprehensively
serve lenders and their customers in the evolution to a fully digital
mortgage.
About Docutech
Founded in 1991, Idaho Falls, Idaho- and Scottsdale, Arizona-based
Docutech offers a wide range of document technology solutions for
mortgage, home equity, and consumer lending from document generation to
eDelivery, eSign, eClose and print fulfillment. The company sets the
standard in providing market-proven technology and unrivaled customer
service to the financial industry. Docutech’s knowledge and solutions
empower lending professionals to efficiently produce accurate loan
packages in all 50 states to ensure compliance with constantly changing
laws and regulations. For more information, visit the company's website
or follow them on social media at LinkedIn
or Twitter @Docutech.
Contacts
For Docutech
Stephen Sprayberry, 678-781-7207
or
Maddie
Russo, 678-781-7230