"LenderLogix, a provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks and brokers, announced on Tuesday the launch of LiteSpeed eSign, a native eSignature experience built into its LiteSpeed point of sale (POS) platform. LiteSpeed eSign allows lenders to request and manage electronic signatures directly in Encompass, eliminating the need to switch platforms. Borrowers can sign documents in a mobile-ready dashboard using a tap-to-sign workflow, with two-factor authentication via email or mobile for security."
"Signed disclosures are automatically added to the loan's Encompass eFolder with a full audit trail, the company's release confirmed. Processors can tag documents for signature directly in the Encompass eFolder, and LiteSpeed eSign also handles signature requests for third parties, including gift donors and Realtors. Loan teams select documents, tag signatures, initial, add date fields and send requests. Completed documents return to the eFolder with timestamps, IP addresses and tamper-evident verification."
"Borrowers shouldn't have to leave the application, nor lenders leave the LOS, just to sign documents, said Patrick O'Brien, CEO and co-founder of LenderLogix. LiteSpeed eSign delivers eSignatures within the mortgage workflow to avoid disruptions. It's a zero-detour experience that reduces friction for borrowers, simplifies the work for loan teams and keeps the signature process connected to the Encompass eFolder from start to finish."
LiteSpeed eSign is a native eSignature feature integrated into the LiteSpeed point-of-sale platform that enables lenders to request and manage electronic signatures directly in Encompass. Borrowers use a mobile-ready dashboard with a tap-to-sign workflow and two-factor authentication via email or mobile. Signed disclosures are automatically added to the loan's Encompass eFolder with a full audit trail. Processors can tag documents for signature and the system supports third-party signers such as gift donors and Realtors. Loan teams select documents, tag signature and date fields, and completed documents return with timestamps, IP addresses and tamper-evident verification.
Read at www.housingwire.com
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