Lenders can now implement eClosings without changing their process or adding costs - drastically reducing the time and resources required for the post-close QC process. Plus, adopt eNotes without having to acquire additional technology.
See howClose loans the way borrowers expect - technology driven and eco-friendly. Allow your signing agents to close more loans by removing paper processing delays. Reduce costs, and gain efficiency with automated filing, delivering and flipping the loan package with EscrowTab.
See how
In short, it stands for In-Person Electronic Notarization. Accepted nationwide, IPEN occurs when a signer and notary signing agent are in the same location and the signer applies electronic signatures to documents. The notary signing agent is then allowed to electronically notarize the documents without any paper involved.
Simple. The title company uploads closing documents to EscrowTab for execution and assignment to a signing agent.
EscrowTab consists of four components to help you simply and efficiently implement electronic closings. These services can be used together for a full eClosing solution, or a la carte.
Make eClosing doc prep fast and frictionless.
A proprietary OCR automatically identifies fields to be signed and completed. OCR/AI auto tagging, flagging, document identification, and automated document delivery allows for short document turn times and quality control.
Creation of truly digital documents.
Auto-generate GSE and MISMO compliant eNotes from PDF documents using EscrowTab's OCR. A multi-option approach to eNote creation without work for the lender.
The most intuitive eClosing solution.
Close loans without any lender integrations using an IPEN solution that captures the borrower's handwritten electronic signature. Built-in features include organizing and stacking documents the way you like, signature validation, secure delivery and storage of documents, and more.
An in-house eVault solution.
The eNote will be auto-registered with MERS® eRegistry and securely stored in EscrowTab's proprietary eVault, meaning one less vendor and fewer expenses. EscrowTab's eVault also provides a proprietary solution to register and transfer eNotes to trading partners.
