First American Docutech offers document technology solutions for mortgage, home equity, and consumer lending from document generation to eDelivery, eSign, eClose, and digital to print fulfillment. As part of the holistic First American offering, the company’s technologies make it easier for lenders to close loans faster. Docutech’s Solex eClosing platform is an end-to-end eClosing solution for mortgage professionals that enables each transaction to be as digital as possible. Integrated with Docutech’s dynamic document engine ConformX, lenders can automatically generate digital, data-driven documents that adhere to rules-based intelligence to meet specific loan criteria. Approved by Fannie Mae and Freddie Mac features include MISMO SMART Doc for eNotes, eNotarization including RON, eRecording, and the Solex eVault integrated with MERS eRegistry & eDelivery.
- With Solex eClosing, First American Docutech has now enabled lenders to eClose nearly 600,000 loans, a 115% increase over 2020
- Borrowers can review closing packages prior to the day of closing, ensuring they are familiar with the loan documents prior to signing.
- On the day of closing, borrowers can then eSign most documents and only need to “wet sign” the note and notarized documents.
- One lender originating 12,000 mortgages per year with an average loan value of $250,000 can save approximately $155 per loan, which adds up to $1.8M in savings annually when moving from paper closing processes to hybrid eClosing.
