Want to know more about electronic closing?

Have you heard about electronic closing? I hadn't either, until just the other day. Basically what electronic closing is doing, is eliminating paper and providing an entirely electronic closing process for completing mortgages. This will end up saving everyone from the lenders, to the borrowers tons of money!

Just to help you understand, with the traditional mortgage process, loan documents are created and stored as paper files. To reduce costs in process and storage, the eMortgage process use electronic closing where loan documents are converted to an electronic format and stored. From this electronic format, documents can be audited, executed, transferred, and archived.

This process is something to get excited about! Companies who are helping their process and saving us money, I am all for it! Check out this electronic closing process and see the benefits for yourself.