Mortgage Cadence Announces Integration with DocuSign and eOriginal
May 24 2016 - 7:57AM
Business Wire
Integration Accelerates Mortgage Closing
Process with Leading eSignature and Digital Mortgage Platforms
Mortgage Cadence LLC, an Accenture Company (NYSE:ACN), is
announcing an all new integration with award-winning electronic
signature and Digital Transaction Management (DTM) provider
DocuSign, Inc. (DocuSign®), and the vaulting, transaction and
transferable records services of eOriginal, Inc. This new
integration helps to expedite the mortgage origination process
while creating a more streamlined, reliable and secure digital
experience for borrowers, lenders and investors.
With Mortgage Cadence’s proprietary Document Center solution,
documents are generated dynamically in just seconds based on
loan-level data and are then delivered for electronic signature
using DocuSign. Lenders and borrowers alike are now able to
securely review and electronically sign disclosures and closing
packages in minutes – anytime, anywhere, on nearly any device.
“DocuSign and Mortgage Cadence share a vision for a digital
future where the hassles, costs and lack of security from the reams
of paperwork required to apply for, process and close a mortgage
are a thing of the distant past,” said Georg Gerstenfeld, Vice
President of Real Estate Solutions at DocuSign. “The integration of
DocuSign and eOriginal into Mortgage Cadence’s Document Center
advance us towards that digital future today by empowering anyone
to transact business all-digitally.”
eOriginal extends the Mortgage Cadence loan experience by
allowing lenders to deliver a fully electronic mortgage process
built around its best-of-breed solution, which was recently
certified as a Fannie Mae eMortgage solution provider.
“With a new generation of homebuyers and increasing demands for
transparency from regulators and investors, we have reached a
tipping point in the digital transformation of the mortgage
industry,” stated Stephen Bisbee, CEO and president of eOriginal.
“Working with great partners like Mortgage Cadence and DocuSign, we
have paved the way for an outstanding end-to-end solution that
offers a practical migration path for adopters while addressing an
acute need for data exchanged between counterparties.”
All signed documents are tracked, retrieved, and stored in the
Mortgage Cadence Enterprise Lending Center or Loan Fulfillment
Center, ultimately driving additional tasks and keeping the lender
on-platform and focused on the lending process. DocuSign and
eOriginal will help enable the following benefits:
- Security: All communication
occurs using encrypted technology with two-factor authentication,
while documents and loans are protected with security measures for
encryption, data backup and 24/7 monitoring of all systems.
- Borrower–Lender transparency:
All parties are notified when major milestones are achieved, such
as the borrower successfully signing all of the required documents.
Also, reminders are configurable to set follow-up tasks, reminding
staff to reach out to the borrower if they have not received the
all-signed notification.
- Greater simplicity: The
electronic signing process walks borrowers through signing
documents using an intuitive and familiar screen flow, making
review-only documents easily accessible. Mortgage Cadence’s loan
origination solutions also track which documents have been signed
and which still require signature, allowing the borrower to
complete the process at their leisure.
- Stability: Advanced
infrastructure, technology and solutions help to ensure that
eSigning is a stable, reliable and dependable part of the mortgage
transaction.
- All-digital: Provides clients
with consumer engagement tools like eSign, eClose and other closing
collaboration tools.
“Most borrowers today – whether millennials or baby boomers –
are accustomed to doing just about everything online,” said Trevor
Gauthier, president of Mortgage Cadence. “In order to increase
borrower satisfaction, lenders require tools that allow them to
originate and close mortgages digitally. Integrating with
DocuSign’s and eOriginal’s best-in-class eSignature and eClosing
solutions, along with our proprietary loan origination and document
preparation and delivery solutions, allows us to provide an
incredibly robust service to our clients and their borrowers – a
testament to our dedication to the mortgage industry.”
About Mortgage Cadence
Mortgage Cadence has been partnering with lenders since 1999,
offering the industry’s only true one-stop-shop mortgage technology
solutions designed for point-of-sale through post-closing. In a
time when efficiency, speed and the customer experience are
paramount to the success of lenders, Mortgage Cadence offers the
most reliable software and dedicated people, supporting lenders
every step of the way. Visit www.mortgagecadence.com for more
information.
About DocuSign, Inc.
DocuSign® is changing how business gets done by empowering
anyone to send, sign and manage documents anytime, anywhere, on any
device with trust and confidence. DocuSign and Go to keep life and
business moving forward. For more information, visit
www.docusign.com, call +1-877-720-2040, or follow us on Twitter,
LinkedIn and Facebook.
Copyright 2003-2016. DocuSign, Inc. is the owner of DOCUSIGN(R)
and all of its other marks (www.docusign.com/IP). All other marks
appearing herein are the property of their respective owners.
About eOriginal
eOriginal offers an end-to-end digital mortgage solution – from
signature to notarization and recording through warehousing and
custodial services – that addresses the gaps that have long
hampered broader adoption of digital mortgage platforms. eOriginal
is spearheading the collaboration to deliver a fully digital
process that includes eNotarization, eRecording, eWarehousing,
eCustodian services and integration with Mortgage Industry
Standards Maintenance Organization (MISMO) compliant SmartDocs and
Forms. Well-designed for disruptive lending markets, eOriginal
already is delivering its lending and asset management platform to
the student loan, vacation ownership and vehicle finance
industries, among others.
Integrated with eOriginal’s eAsset Management
Platform and the newly released DatalyticsTM solution, the
eMortgage platform will empower greater data transparency, better
analysis and regulatory compliance capabilities throughout the
mortgage loan process. For more information, visit
http://www.eoriginal.com.
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Mortgage Cadence, an Accenture CompanySarah Volling, + 1
303-906-4136sarah.a.volling@mortgagecadence.com
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