thumb tacks, thumb tech

Musings and rantings about...EVERYTHING.

Wednesday, September 05, 2007

Electronic disclosures - eDisclosures

Imagine the time, and resources wasted in the traditional paper-based mortgage process where loan documents are created, executed, and stored as paper files. Time and resources means costs. The electronic disclosures or eDisclosures process promises to reduce the amount of paperwork involved and save costs. Loan documents can now be converted to an electronic format known as SMARTDoc, and using SMARTDocs, loan documents can be queried, audited, executed, transferred, and archived electronically.

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