Guaranteed Rate is now offering its customers the option of electronically signing mortgage closing documents in advance through a solution powered by DocMagic, Inc.
The solution is called FlashClose, and it allows customers to opt-in, review and complete most documents in advance of the notary arriving, saving an hour or more at the closing table.
“Guaranteed Rate is always looking for ways to simplify the process using innovative technology to enhance the customer experience,” Guaranteed Rate Executive Vice President of Operations Jim Hettinger said in a release. “With the successful launch of FlashClose, powered through our partner DocMagic, this tool adds speed, convenience and accuracy to the closing process.”
“Guaranteed Rate is a leader in mortgage technology innovation and collaborating with them on this project has created a solid hybrid eClosing approach that saves a lot of time for both borrowers and closing agents,” DocMagic President and CEO Dominic Iannitti said. “The fashion in which Guaranteed Rate is leveraging our technology has resulted in the successful adoption of a sound, compliant, secure hybrid eClosing that is unique to their retail lending business strategy.”