Loan Fulfillment Center, one of two loan origination systems (LOSs) from Accenture Mortgage Cadence, now offers e-signature functionality, the company reports.
As such, the revamped platform brings lenders that much closer to realizing a completely electronic, Web-based mortgage process.
With e-sign capability now added, lenders using the system will be able to rapidly deliver e-documents to borrowers – and borrowers will be able to complete, sign and upload the documents in merely minutes.
The system walks borrowers through the process, telling them which documents require a signature and which ones simply need review. The system also tracks which documents were signed and which are still outstanding.
The system also sports improved communications capabilities in that it notifies both the borrower and the lender when major milestones are achieved, such as successful signature on all documents. It also facilitates improved transparency into the mortgage process for all parties.
Accenture's cloud-based platform offers credit unions, community banks and regional banks robust retail mortgage lending functionality through its Borrower Center, Document Center and Imaging Center solutions.
In a release, Paul Wetzel, senior product line lead of Accenture Mortgage Cadence, says, ‘Offering e-signature functionality brings the Loan Fulfillment Center one step closer to enabling the completely digital mortgage.’
‘From application, to processing, underwriting and closing, including a robust document service complete with e-signature and e-delivery provides additional convenience and efficiency for lenders and their customers,’ he adds.