SmartDoc

In the traditional paper-based mortgage process, loan documents are created, executed, and stored as paper files. In the eMortgage process, loan documents are converted to an electronic format known as a SMART Doc. SMART Docs are based on XML, an Internet-based technology that allows the document itself and the data that fills the document to be separated. Loan-specific data is used in the SMART Doc and throughout the process, eliminating the need for duplicate data entry. Using SMART Doc, loan documents are queried, audited, executed, transferred, and archived entirely in the electronic medium.