Mission Hills Mortgage Bankers selects eOriginal SmartSign.
In order to avoid a three-day wait for the delivery of disclosure documents that would have been imposed by last year's Truth in Lending Act (TILA) amendment known as the 3/7/3 Rule, Mission Hills Mortgage Bankers' IT staff evaluated Web-based electronic signature solutions that would enable loan officers to use straight-through processing. To prevent the ruling from delaying the loan origination cycle, increasing costs and potential closing delays, Mission Hills chose SmartSign on the basis of compliance, ease of integration and total cost of ownership.
"The implementation went in without a hitch," said Collin Cobb, Mission Hills Mortgage Bankers' marketing manager, who oversaw the training of loan officers.
"Mission Hills Mortgage Bankers joins an impressive group of financial services firms that went through a rigorous selection process before selecting eOriginal because of our compliant eSigning tools and vaulted repository services to better manage the life cycle of the electronic transactions," said Steve Bisbee, eOriginal's president and chief executive officer.
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|Comment:||Mission Hills Mortgage Bankers selects eOriginal SmartSign.(TechNewz)|
|Article Type:||Brief article|
|Date:||May 1, 2010|
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