That means lenders that deploy Roostify’s automated transaction platform can use DocMagic’s e-sign and e-delivery solutions natively with the platform.
With Roostify’s automated transaction platform, lenders can give consumers the ability to securely access, electronically receive, review and sign all initial disclosure documents at the time of application via computer or mobile device.
By allowing consumers to complete the mortgage application and execute disclosure documents from a single online platform, lenders can reduce errors and speed time-to-loan completion, Roostify says in a release.
“The integration streamlines the process of borrower receipt, execution and return of electronically signed initial disclosures while reducing errors and documenting compliance with a complete electronic audit trail,” says Steve Ribultan, director of business development at DocMagic. “This process improves the borrower experience while expediting loan closing.”
Roostify says within its platform, loan officers can now present consumers with real-time disclosure documents and other documentation necessary to close a fully compliant home loan, complete with proof of TILA-RESPA Integrated Disclosures rule adherence.
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