International Document Services, Inc. (IDS) has expanded its eClose platform to include eNotes, the company announced.
IDS said its Solitude Solution allows lenders and borrowers to execute loans digitally.
“IDS has always taken pride in our ability to anticipate our clients’ needs, and our response to their urgent need for eClosing and eMortgage technology in the current climate has been no different,” IDS Vice President and General Manager Mark Mackey said in a release.
“Our customers are already familiar with our easy-to-use eSign platform, and with our eNote capabilities, customers have the ability to digitally deliver a mortgage,” Mackey said. “As the mortgage industry strives to continue offering borrowers the ability to move forward in the loan process throughout these troubled times, IDS is proud to be part of the solution.”
IDS said Solitude Solution offers midnight automation capabilities, allowing documents to be sent to the borrowers early for review and automatically become active for eSign on the closing date. Additionally, the company said Solitude Solution is built to deliver documents to the appropriate parties, ensuring that borrowers and settlement agents only see the documents they are required to acknowledge, sign, or review.
“With so many variances regarding digital mortgage acceptance across investors, state regulators and other levels, flexibility is a crucial element to any digital mortgage platform,” Mackey said. “Solitude Solution was built to ensure that lenders have the latitude to execute their loans as digitally as possible so that they may reap the benefits of a digitally driven process and provide consistent, reliable service to their borrowers and closing partners.”