In total, 87% of 23 respondents think electronic closings will be common in five years. Adding fuel to this claim is news that Xerox Mortgage Services is up and ready with electronic vaulting capability and currently has over 35,000 e-notes already sitting in its e-vault. You can never have too many e-mortgage players in my opinion.
“We’re big believers that this is going to be the year for e-mortgages,” said Nancy Alley, vice president-product management at Xerox Mortgage Services. “We are holding over 35,000 e-notes for the industry right now. We’ve been vaulting them since 2009. We have full MERS integration. We’ve also successfully completed integration with Fannie Mae’s e-mortgage delivery system. We can support everything from selling, certify the loan and all the related servicing functions, all electronic.”
In the News
Docutech Selected for Mortgage Technology Top 50 in 2010 E-Closings Will Be Common, Believe It Or Not Retain Five Percent of Your MBS Portfolio DocuTech 2009 - Year End Review DocuTech's Notable News for 2009 Special Report: Document Services DocuTech Selected For Mortgage Technology Top 50 eMortgage Article Featured in Scotsman Guide MBA 2008 Technology Conference Wave Unveils Smart Signing Room Managing Prepayment Penalties Q & A with Closing Solution Providers The Road Less Traveled Steward Financial Inc. Closes More Loans Mortgage Technology 2006 Synergy Award Implementation or Bust“We follow the mantra that 'documents sell loans.' We are 100 percent convinced that DocuTech helps us do that efficiently. ”
