Eclose | Jotup

New Research Reveals Large Gap Between eClose Technology Investment and Adoption

Retrieved on:

Mercoledì, Settembre 20, 2023

A survey of 100 top mortgage lenders identifies key trends, challenges, and best practices to adopting eClosing technology in the mortgage industry.

Key Points:

A survey of 100 top mortgage lenders identifies key trends, challenges, and best practices to adopting eClosing technology in the mortgage industry.
It found that 74% of lenders have invested in eClose technology, but only 28% of those offering eClosings have achieved an adoption rate above 60%.
Within the survey, lenders cited the challenges to achieving strong digital closing adoption are the perceived technology costs and limitations regarding security, integration capabilities, support for staff training.
“Attaining high eClose adoption at scale requires more than just offering capable technology,” said Snapdocs CEO Michael Sachdev.

Wolters Kluwer compliance expert shares insights on digital lender priorities in a down market

Retrieved on:

Martedì, Giugno 6, 2023

Professional Services, Data Management, Technology, Software, Finance, Fintech, Accounting, Online, Overalls, RON, Grace note, Risk management, Eclose, FCC, Success, Wolters, IPEN, Real estate

So argues Kevin Wilzbach, Director, Technology Product Management, at Wolters Kluwer Compliance Solutions .

Key Points:

So argues Kevin Wilzbach, Director, Technology Product Management, at Wolters Kluwer Compliance Solutions .
“A lender’s entire digital lending strategy doesn’t have to be fully in place to get started.
Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. banks, credit unions, insurers and securities firms.
The business, which sits within Wolters Kluwer’s Financial & Corporate Compliance (FCC) division, helps these financial institutions efficiently manage risk and regulatory compliance obligations, and gain the insights needed to focus on better serving their customers and growing their business.

FICS® Hosts 36th Annual Users’ Conference, Excited to be Back in Person

Retrieved on:

Martedì, Maggio 23, 2023

Commercial Building & Real Estate, Software, Construction & Property, Finance, Banking, Professional Services, Technology, Residential Building & Real Estate, Computer, Speech, Eclose, COVID, Fannie, Commercial, Conference, Total

Financial Industry Computer Systems, Inc. (FICS®), a leading mortgage loan origination software , residential servicing software and commercial servicing software provider, recently hosted its 36th Annual Users’ Conference in Dallas.

Key Points:

Financial Industry Computer Systems, Inc. (FICS®), a leading mortgage loan origination software , residential servicing software and commercial servicing software provider, recently hosted its 36th Annual Users’ Conference in Dallas.
“Our purpose is to empower our customers to be competitive in the industry by disentangling the mortgage process.
Special sessions featured comprehensive overviews of the system functionality in Loan Producer®, Commercial Servicer® and Mortgage Servicer®.
I’m always excited to see what is presented at each year’s conference.”
The 2024 Users’ Conference will be held April 10th – 12th in Dallas.

Snapdocs Builds Integration with Finastra to Enable a Seamless Closing Process for Trustmark

Retrieved on:

Martedì, Maggio 2, 2023

Snapdocs, the mortgage industry’s leading digital closing platform, today announced a new integration with Finastra’s Mortgagebot loan origination system (LOS) to support Trustmark’s eClose transformation.

Key Points:

Snapdocs, the mortgage industry’s leading digital closing platform, today announced a new integration with Finastra’s Mortgagebot loan origination system (LOS) to support Trustmark’s eClose transformation.
The integration allows Trustmark’s lenders nationwide to execute closings in one centralized workflow – using Snapdocs’ digital closing platform within the MortgagebotLOS platform – to drive faster closing times, reduce operating costs, and enhance the borrower experience.
With the new integration, Trustmark lenders can easily facilitate digital closings powered by Snapdocs and finalize transactions without leaving MortgagebotLOS.
Lenders can order required closing documents and data within MortgagebotLOS and securely transmit them to Snapdocs to initiate the closing process.

Wolters Kluwer Compliance Solutions shares digital lending adoption insights

Retrieved on:

Giovedì, Marzo 23, 2023

Legal, Technology, Finance, Consulting, Fintech, Banking, Professional Services, Software, Data Analytics, Grace note, Wolters Kluwer, Digital technology, ENotes, ROI, Eclose, Risk, Kenneth E. Wilzbach, Real estate, Pulse

“There’s no question that cost and margins are top of mind with our customers, and using eNotes addresses both of these concerns,” says Kevin Wilzbach, director, product management at Wolters Kluwer Compliance Solutions, in a HousingWire interview, “ Taking the Pulse on eNotes ,” on the state of digital technology adoption and the future of eNotes.

Key Points:

“There’s no question that cost and margins are top of mind with our customers, and using eNotes addresses both of these concerns,” says Kevin Wilzbach, director, product management at Wolters Kluwer Compliance Solutions, in a HousingWire interview, “ Taking the Pulse on eNotes ,” on the state of digital technology adoption and the future of eNotes.
“But eClosings also mitigate risk and support a focus on improved customer experience,” he says.
Wilzbach notes that a number of the country’s largest lenders are increasingly embracing digital, having seen the value of digital closings in their refinance options over the past several years, with increased pick up of solutions that support digital home equity lending.
“Just as importantly, we must recognize that the move to digital lending is a journey, not a sprint.

Avidia Bank Implements Nexus Closing by SimpleNexus to Provide Customers the Convenience of a Modern Closing Experience

Retrieved on:

Mercoledì, Febbraio 22, 2023

Nexus, Avidia Bank, Eclose, CRA, E-sign, Sale, NCino, Bank, Cryptocurrency, LEHI

A mutual savings bank with $2.3 billion in assets under management, Avidia Bank provides financial services to Massachusetts communities across eight branch locations.

Key Points:

A mutual savings bank with $2.3 billion in assets under management, Avidia Bank provides financial services to Massachusetts communities across eight branch locations.
Leading with its Honest to Goodness® brand promise, Avidia Bank seeks to provide customers with efficient financial solutions and exceptional customer service.
Nexus Closing is a comprehensive closing solution with the flexibility to support traditional, hybrid and fully remote eClosings.
Since implementing Nexus Closing to support hybrid closings, nearly all Avidia Bank borrowers have opted to review and eSign closing documents that do not require notarization before the closing ceremony.

Snapdocs Integrates with Mortgage Cadence LOS to Power Seamless Digital Closings

Retrieved on:

Martedì, Febbraio 7, 2023

Commercial Building & Real Estate, Technology, Construction & Property, Public Relations, Investor Relations, Communications, Software, Internet, Data Management, Residential Building & Real Estate, Accenture, Customer success, NYSE, Eclose, Real estate, Snapdocs

Snapdocs, the mortgage industry’s leading digital closing platform, today announced the completion of its integration with Mortgage Cadence, an Accenture (NYSE: ACN) company.

Key Points:

Snapdocs, the mortgage industry’s leading digital closing platform, today announced the completion of its integration with Mortgage Cadence, an Accenture (NYSE: ACN) company.
“Integrations with leading LOS providers like Mortgage Cadence allow lenders to easily consolidate new technologies into their existing stack, enabling a more efficient and successful implementation and ramp.
We’re excited for even more lenders to realize the value of Snapdocs within the Mortgage Cadence Platform and streamline their digital closing processes.”
With the new integrated solution, lenders can seamlessly facilitate digital closings powered by Snapdocs and finalize closing documents without ever leaving the Mortgage Cadence Platform.
“Working with great partners like Snapdocs paves the way for even more lenders to embrace digital mortgage tools and advances the entire industry toward an all-digital future.”
To learn more about the integration between Snapdocs and Mortgage Cadence, or to schedule a discovery call with Snapdocs, please visit https://snapdocs.com/mortgage-cadence .

Black Knight Signs Agreement to Integrate Wolters Kluwer's eNote and eVault Capabilities to Enhance Black Knight's Digital, End-to-End Mortgage Origination Offering

Retrieved on:

Giovedì, Febbraio 16, 2023

Compsoctena expers, Eclose, Wolters Kluwer, Black Knight, Inc., NYSE, BKI, Black Knight, ENotary, EVault, Grace note, Empower, E-sign, RON, Real estate

JACKSONVILLE, Fla., Feb. 16, 2023 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE:BKI) announced an agreement with Wolters Kluwer Compliance Solutions , a global information services and technology leader, to integrate Wolters Kluwer's eNote and eVault capabilities with Expedite Close, Black Knight's digital closing solution.

Key Points:

JACKSONVILLE, Fla., Feb. 16, 2023 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE:BKI) announced an agreement with Wolters Kluwer Compliance Solutions , a global information services and technology leader, to integrate Wolters Kluwer's eNote and eVault capabilities with Expedite Close, Black Knight's digital closing solution.
"Lenders need five key capabilities to close digitally: eSign, eClosing, eNotarization, eNote and eVaulting.
By integrating with Wolters Kluwer's technology, we have closed the loop on delivering a complete and unmatched digital mortgage process," said Black Knight Origination Technologies President Rich Gagliano.
The strong collaboration between Black Knight and Wolters Kluwer combines select digital capabilities and deep industry knowledge that is truly game changing for the mortgage industry."

AmeriCU to introduce a mobile mortgage lending experience powered by SimpleNexus

Retrieved on:

Martedì, Gennaio 31, 2023

Nexus, E-sign, Eclose, POS, Sale, NCino, AmeriCU Credit Union, API, United States Department of Veterans Affairs, LOS, Fixed-rate mortgage, Bank, Online shopping, LEHI

“At AmeriCU, the satisfaction of our members is always our number one priority,” said Stephanie McGuire, senior vice president of lending at AmeriCU.

Key Points:

“At AmeriCU, the satisfaction of our members is always our number one priority,” said Stephanie McGuire, senior vice president of lending at AmeriCU.
To maximize the process efficiencies of SimpleNexus, AmeriCU will activate SimpleNexus’ native integration with the credit union’s new loan origination system (LOS).
“SimpleNexus is a cost-effective resource for credit unions that want to offer members a more convenient and connected homebuying experience,” said Ben Miller, CEO of SimpleNexus.
“Our mobile toolset, made stronger by native integrations and an open API framework, facilitates a state-of-the-art homebuying experience from point-of-thought to close.”

AnnieMac Home Mortgage Selects Snapdocs to Scale Digital Mortgage Closings

Retrieved on:

Mercoledì, Ottobre 12, 2022

MOUNT LAUREL, N.J., Oct. 12, 2022 /PRNewswire/ -- AnnieMac Home Mortgage (AnnieMac), one of the fastest-growing home lenders nationwide, today announced its selection of Snapdocs to scale eClosings as it moves to a digital mortgage process. Using Snapdocs to manage all eClosings, AnnieMac will increase operational efficiencies and dramatically improve its borrower experience.

Key Points:

MOUNT LAUREL, N.J., Oct. 12, 2022 /PRNewswire/ -- AnnieMac Home Mortgage (AnnieMac), one of the fastest-growing home lenders nationwide, today announced its selection of Snapdocs to scale eClosings as it moves to a digital mortgage process.
That focus is shown in AnnieMac's strategic initiative to scale to digital closings, which includes wet, hybrid closings with eNote and full Remote Online Notary (RON) closings.
AnnieMac selected Snapdocs' digital closing platform, as well as Snapdocs eVault, to scale AnnieMac's digital closing footprint and realize the company's potential for digital mortgage programs.
AnnieMac will also use Snapdocs eVault, an eVault purpose-built for mortgage and designed to scale eNotes, to create and store eNotes.