Solex eClosing from First American Docutech offers lenders electronic signature efficiency and eVault integration

As lenders strive to reduce costs, close loans faster, and provide a secure, seamless, and convenient borrowing experience, leveraging a comprehensive electronic closing platform is a top priority. First American Docutech’s Solex eClosing is designed to speed up the closing process with a streamlined, end-to-end, modern digital experience, including lenders, settlement agents, notaries and borrowers.

“The combination of First American and Docutech is advancing the digital transformation of the real estate closing process by managing collateral records from the start of the mortgage process to post-closing,” said Amy Brandt, President of First American Docutech.

The Solex eClosing platform is trusted by Freddie Mac and Fannie Mae for eClosing, eNote and eVault functionality. Solex offers point-of-sale-to-close efficiencies for lenders, and includes smart eligibility, native SMARTDoc eNote, electronic notarization including remote online notarization (RON), and its Proprietary eVault with direct integration into MERS eRegistry.

With First American Docutech, lenders benefit from an intelligent eligibility engine that analyzes each closing case and helps determine the most appropriate electronic close path. Lenders can also provide title and settlement with secure access to review and add title documents to the closing file.

The process is also convenient for the borrower as they can view their documents in advance, from any device, and can electronically sign the relevant documents, shortening the closing ceremony. On the closing day, Solex offers options for in-person electronic notarization, RON and electronic registration.

For lenders using First American Docutech’s dynamic document engine, ConformX, integrated with leading loan origination systems and borrower portal solutions, every relevant field is imported, either by default or automatically populated with intelligence rule-based. All disclosures and closing documents are generated with natively labeled electronic signatures and interaction points, eliminating manual work and missed signature and interaction points.

In addition, settlement agents can also easily upload relevant documents in the closing process for an automated and expedited electronic closing experience. Soon lenders on any document generation system will be able to use Solex eClosing for hybrid fences and later for a full RON eNote eClosing.

Once the electronic closing is completed, the electronic note is recorded in the MERS electronic register via the Solex electronic safe, where the entire lifespan of loan events can be managed. Once registered with MERS, lenders can manage secured parties or interim investors, transfer control to an end investor, update the service and location fields as needed, and later mark an electronic note as refunded. , assumption of responsibility, modification or other life of the loan events.

“As a member of the First American family of companies, our combined expertise in securities, settlement and document services technology delivers a comprehensive suite of digital mortgage solutions that enable lenders and settlement providers to close deals. ready faster, ”Brandt continued. “We are focused on speeding up the close process for everyone involved through the creation, delivery, execution and perfection of documents, from request to post-close. “

First American Docutech provides lenders with a complete, integrated digital mortgage solution that streamlines the complex closing process. Solex eClosing continues to lead the industry and has now helped lenders digitally close over 500,000 mortgages.