First American Launches eSigning for Mortgage Refinance Transactions

First American Title Insurance Company said late Monday that its Lenders Advantage division has implemented WebSigning, its branded technology for electronic signing and approval of mortgage refinance loan documents.

EverBank is the first lender to utilize the WebSigning service, First American reported. The bank can upload electronic versions of loan packages to the WebSigning platform in minutes, making them accessible to the borrower through a unique password via the Internet.

“WebSigning promises to be a major advantage for EverBank and our mortgage customers,” said Buddy McCombs, senior vice president of EverBank.

“Through the use of this online document approval enhancement, many of our customers will enjoy a new level of convenience for their loan document signings. We expect that, with WebSigning, we’ll be able to close more transactions faster and with less probability of error. It will also help us achieve our goal of greater efficiency in our internal processes while improving the customer’s overall experience.”

“With more than 150 million Americans now using the Internet, progressive lenders are seeking Web-based solutions that empower consumers through speed and simplicity,” said Howard Turk, senior vice president and senior underwriter of First American Title’s Lenders Advantage division.

“WebSigning is the first completely flexible platform to allow a consumer to close a refinance loan at their convenience. There is no need to schedule anything with anyone, nor is there any need to install cumbersome software. We expect that simplicity will make it a very desirable option to consumers who have grown accustomed to the 24/7 nature of Internet transactions.”

In addition to its new WebSigning service, First American said it remains comitted to offering lenders and their customers high quality notary services through its Signature Services division.

“We believe that it should be easy for lenders to do business with us,” said Turk. “WebSigning demonstrates our commitment to developing programs for lenders that are practical and easy to implement.”

More information on First American WebSigning is available at http://www.lendersadvantage.com.