USA. SureDocs software can generate documents for mortgage disclosures

Sunday, 09 July 2006

MILA, Inc., a leading e-commerce wholesale lender based in Mountlake Terrace, Washington, said it has evaluated a la mode's new SureDocs electronic document creator for mortgage originators and will accept electronically signed RESPA disclosures generated by SureDocs from its 40,000-plus broker/subscribers.

a la mode's SureDocs is desktop software that allows brokers to generate PDF versions of origination documents directly from their LOS or any other program they can print from. It works just like a standard print driver. The SureDocs intelligent document recognition feature also automatically recognizes forms from leading LOS software such as Calyx Point, Ellie Mae Encompass and CBC BytePro and will automatically place electronic signature tags and guide borrowers through e-signing from any web browser.

"Because our electronic process mimics the traditional pen and paper process, it's very easy for borrowers to understand and sign documents quickly," said Brad Eaton, VP of Mortgage Products for a la mode. "And with a no transaction fee model we make it easy for brokers and loan officers to deliver this sought-after service to their customers."

SureDocs is fully compliant with federal ESIGN legislation signed into effect in 2000, as well as state level UETA laws, which give electronic signatures the same legal enforceability as traditional wet ink signatures on paper.

MILA continually enhances its customer service and overall technology experience. Unlike other e-commerce lenders, MILA delivers a seamless platform that empowers brokers to manage their entire business, from point-of- sale through closing.

"MILA strives to make sure our brokers have all the tools necessary to manage their businesses themselves," said Layne Sapp, MILA's founder and CEO. "a la mode's SureDocs fits that philosophy because it enables brokers to speed up the loan closing without being at the mercy of delivery services, printers, per document fees or the time it takes to get paper documents reviewed and signed."

Last Updated ( Sunday, 09 July 2006 )