The Solution: SmartSigning Service for Mortgage Disclosures

The first generation of the SmartSigning Service will enable residential mortgage Originators to request electronic disclosure packages for their Borrowers. Borrowers will be able to review, annotate and electronically sign mortgage disclosure documents within a secure, personal signing room. Originators will be able to manage the eDisclosure process from start to finish with a single service.  Wave eSign Systems offers this solution as a hosted service in conjunction with Compliance Source, Inc. The SmartSigning Service can also be implemented via other document or mortgage industry platforms. 

SmartSigning Service for eMortgage Closings
The second generation of the SmartSigning Service will support the ability to perform an eClosing within a SmartSigning Room. The eClosing service will expand the SmartSigning Service to include the following:

• Validation and viewing of Category 1, 3 and 7 SMARTDocs
   -- Presentation
   -- Data
   -- XML
   -- Audit and Signer information
• Ability to sign Category 1 SMARTDocs
• Auto registration of eNote with MERS ® eRegistry

Check out eSign Systems latest solutions for the mortgage industry….

SmartSigning™ Service
Wave eSign Systems and Compliance Source Inc. introduce their new SmartSigning Service, allowing Originators, Investors and Third-Party Service Providers to electronically manage the creation of signing packages and Borrower signing events. Leveraging Wave Systems’ SmartSigning Room and SmartSAFE applications, the signing of mortgage documents has never been more efficient, seamless and effective.

The first generation of the SmartSigning Service will enable Originators to request electronic disclosure packages for their Borrowers. Borrowers will be able to review, annotate and electronically sign disclosure documents within a secure, personal signing room. Originators will be able to manage the eDisclosure process from start to finish with a single service.

SmartSigning Benefits:
Originators

• Reduced costs associated with printing, mailing and processing Borrower disclosures.
• Improved Borrower communications through collection of electronic contact information.
• Improved compliance with Investors and Federal and State Regulators through complete, accurate and timely disclosures.
• Increased Borrower conversion due to immediate delivery and execution of disclosure documents.
• Reduced storage and retrieval costs via online access to all electronically signed disclosures.

Investors

• Reduced costs associated with redisclosure (printing, mailing and processing). Service includes unlimited re-draw for 30 days.
• Improved compliance with Federal and State Regulators through complete, accurate and timely electronic disclosures on Third-Party originated loans.
• Reduced storage and retrieval costs via online access to all signed disclosures.
• Improved control of Originator processes related to electronic disclosures.
• Increased opportunity for quality business via multiple approved Third-Party Service Providers.

Third-Party Service Providers

• Increased customer satisfaction via value-added services.
• Increased revenue opportunity without added infrastructure.
• Improved competitive position.

A la mode, inc. SureDocs
a la mode’s SureDocs can create electronic versions of an Originator’s loan documents, securely deliver them and get signed copies returned in minutes.  SureDocs is designed to be as easy to use as a printer.  Users prepare disclosures and other documents in their LOS or any other Windows program, and simply print to the SureDocs "virtual printer" instead of a paper printer. SureDocs creates industry standard PDF files, lets users review and mark them up if desired, and then uploads them automatically to a secure encrypted website.
Leveraging Wave Systems’ SmartSignature Server and SmartSAFE products, SureDocs can complete the document lifecycle by capturing electronic signatures and securely retaining the signed document. 
           
SureDocs Benefits:
Originators

• Reduced costs associated with printing, mailing and processing Borrower disclosures.
• Improved Borrower communications through collection of electronic contact information.
• Improved compliance with Investors and Federal and State Regulators through complete, accurate and timely disclosures.
• Increased Borrower conversion due to immediate delivery and execution of disclosure documents.
• Reduced storage and retrieval costs via online access to all electronically signed disclosures.

Investors

• Reduced costs associated with redisclosure (printing, mailing and processing).  
• Improved compliance with Federal and State Regulators through complete, accurate and timely electronic disclosures on Third-Party originated loans.
• Reduced storage and retrieval costs via online access to all signed disclosures.
• Improved control of Originator processes related to electronic disclosures.
• Increased opportunity for quality business.

SureDocs Demo