Encomia ENC3 Loan Application and Closing Solution

Solutions:     Loan Application Solution | Closing Solution | Secure Storage Solution

Capture and Deliver Loan Application and Disclosure Documents
Encomia's software eliminates the burden and many of the costs associated with mortgage loan application paperwork. Easy to deploy and use, our revolutionary software automatically streamlines every aspect of the loan application process.

How it works:

eSign 1003 & Upfront Disclosures
Borrowers go to your website and click on a link when they are ready to either apply for a loan or fill out their 1003 and disclosures. From there, Encomia's software engine gathers the information, downloads data into your existing LOS system and electronically delivers documents for loan applications and closings. Key fields from these forms will be checked and cross validated automatically, so you can stop worrying about data errors and focus on loan production.

Generate and Deliver eSigned Closing Documents Effortlessly
Encomia's software suite creates a complete closing document package. Standardizing your documents on the Encomia solution will also enable a seamless transition to eMortgages, as more of your loans are initiated and closed electronically. Encomia also provides first-class customer support.

Closing Documents
Upon logging into Encomia's website, you will quickly find the lender document package needed for your loan product. Forms can be either signed online (electronically) or printed for a traditional "paper" closing. Both paths will get you to the closing table with the right documentation in all 50 states. Encomia's electronic closing docs can be filled out, signed, delivered and downloaded anywhere there is web access, including your office or the borrower's own home!

Solutions:   Encomia offers three MISMO-compliant document products.

Electronic 1003 & Disclosures
Once the borrower's data are entered at the beginning of the loan application process, all the remaining documents will be generated automatically with the same information. Encomia's intuitive web-based interface and eSign capability revolutionize loan application documents.

Print2SMARTDoc
Now you can easily transform documents from existing common formats into Fannie Mae and Freddie Mac endorsed, MISMO-compliant SMART Docs. Automatically convert documents to an eMortgage format using your computer's normal print function. They also can be printed to paper, ready to sign.

Doc Prep
Encomia offers document preparation for both traditional and electronic mortgages. Our innovative and secure online document solution was designed to provide compliance and reliability for mortgage institutions of any size. Relationships with major investors nationwide ensure that custom loan products are available at all times. We guarantee compliance at the federal, state, county and municipality levels, using more than 200 error checks and edits for each transaction.
   

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