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Electronic Document Management
Electronic Document Management isn’t high tech. It’s just good business sense.
Why go paperless? Cutting paper from your business process doesn’t just save precious natural resources; it also saves you time and energy, and makes life easier for your borrower. Imagine if you could securely request and receive important borrower documents with just a click of a button; if your loan officers and processors could work on the same file on the same day—even if they work in offices miles apart; if you could store all of the elements of a loan file in your software and easily access them even years later. Think of the convenience and the time you would save, not to mention the peace of mind you’d gain knowing that your clients’ data was safe and secure.
All Borrower Documents—Electronically Managed in Encompass360
- Save time and keep client data secure by requesting, receiving and storing all borrower documents within Encompass360
- Make the loan process easy and stress free for your borrower by giving them one secure site to view document requests and a toll-free fax that delivers the documents right back into your loan file
- Give your borrowers the option to eSign or wet sign disclosures
- Easily convert paper documents such as applications, appraisals, bank statements and closing packages into electronic images stored in your loan file
- Save money and shorten the time to close by receiving critical loan documents faster—no more faxes or postal mail
- Compare documents and loan data side by side and make necessary changes to your file while the document is still open on your screen
One Updated Loan File
- Keep loan officers and processors connected—even if they’re in different cities or states—by allowing everyone to access and work on the latest documents right within Encompass
- Store everything in your loan file: borrower documents, the 1003, GFE, all settlement services and any paper documents converted to electronic images
Initial eDisclosures
- Send and track federal and state disclosures for all 50 states directly from Encompass
- Track borrower acceptance or rejection of disclosures via automated emails
- Ensure the right disclosures are ordered with automated loan file auditing
Support for the Life of Your Loan
- Work in the eFolder from origination, processing and closing through underwriting and post-closing
- Track documents right from your loan file
- Easily collaborate with colleagues throughout the process
- Manage preliminary, underwriting and post-closing conditions
