Processing
Our eDelivery and eCollaboration services provide the speed and accuracy you need during the paper-intensive loan processing phase, enabling processers, brokers and third-party vendors to operate in an electronic landscape.
The typical loan folder is a collection of paper documents that originate from a variety of sources and are presented in a wide variety of formats. Mortgage lenders are inundated by a flood of incoming faxed and emailed information. Furthermore, most eMail, whether used to gather PDF or Word files or to accept faxes from a fax service bureau, does not meet Gramm-Leach-Bliley requirements for protecting consumer information. Current processes make it difficult to gather everything required for closing in one place in a timely manner. And when the loan is funded, there is still no easy way to ensure it is complete and make it available to investors.
SwiftSend eLoanFolder® addresses all of these issues and more. It provides a centralized electronic repository for collecting, organizing, and distributing all documents related to a given loan. It is easy to set up, easy to use, and will return immediate savings and benefits. eLoanFolder simply revolutionizes mortgage processing.
SwiftSend eLoanFolder allows customers to create eFolders for their loan documents. An eFolder is a centralized electronic repository hosted on SwiftSend's secure servers and accessed through a secure Internet connection. The eFolder can contain in electronic form any document that a traditional paper loan folder might contain. Any document that can be printed, scanned, faxed, or uploaded electronically can be stored in an eFolder.
eLoanFolder eliminates the bottlenecks, waiting, and extra work so often associated with paper loan folders and substantially compresses the loan processing cycle time. Authorized users have direct, simultaneous access to eFolders and contents can be securely shared with other loan participants. All this allows you to provide an even greater level of service to your customers while saving time and money that helps the bottom line.
