The industry shift to eMortgages and eClosings are no longer a future vision for mortgage companies, options are available now and homebuyers want access to them.
Although implementation is easier than one would think, lenders need the right tools, partnerships and trusted advisors to help accelerate them into a fully digital mortgage — all while maintaining compliance, operational efficiency and exceptional customer service. Lenders One, a leading cooperative for 220+ mortgage bankers nationwide, delivers a complete eClosing solution for borrowers, lenders and investors.
“Our eClosing technology is at the center of a growing eMortgage evolution,” said Lenders One President Brian Simon. “Our seamless connectivity to e-ready partners can accelerate your move into eMortgage.”
Lenders One platform, L1 eClosing by DocMagic, is a true all-in-one, end-to-end eClosing solution that helps enable first generation data to be recorded and delivered in a fully electronic environment.
This eClosing solution also helps keep pace with the ever-changing legal and regulatory requirements.
In addition, Lenders One advisors help users design and deploy a rollout strategy inclusive of testing, training and settlement and referral partner alignment, extending support far beyond implementation.
Lenders One members receive a number of exclusive L1 eClosing benefits:
- Negotiated pricing and single-price bundles
- White-glove service at implementation and beyond
- Managed relationships across a network of eMortgage-ready investors, warehouse lenders, title companies and servicers
- Dedicated user groups for best-practice sharing with peers
- Lenders One has an eClosing industry expert leading members’ eClose journey with consultation that is unique to the industry and free with the L1 eClosing solution
L1 eClosing integrates with all major LOS platforms for loan document creation in minutes, with zero re-keying. Users can get started with a hybrid or full eClosing solution that supports Remote Online Notarization (RON), where legally permitted. The solution also leverages an extensive library of state-specific documents enabled with eSign technology.
For eNotes, the solution provides Lenders One eNotary Technology, available for all 50 states and a support team monitoring eNotarization legislative changes to help keep users compliant at all times.
In addition, it generates a MISMO SMARTDoc eNote and offers direct connectivity with the MERS eRegistry.
Lastly, L1 eClosing provides a secure, certified eVault for long-term storage and eDelivery to warehouse banks and investors. The platform contains a date and time-stamped audit trail to help demonstrate compliance and tamper-evident seals to help ensure data integrity.
“L1 is your eClosing partner from idea to implementation to rollout and beyond. We’ll provide the support and counsel from Lenders One at every step of your eClose journey,” Simon said.
Brian Simon, President
Brian Simon leads Lenders One as president and is focused on defining and executing the overall strategic direction of the cooperative. Simon delivers unique value to members through new benefits, innovative solutions and opportunities to connect. With over 20 years of mortgage experience, Simon has held many C-level leadership positions at some of the largest independent mortgage banks in the industry. He has also been a long-time member of both the Fannie Mae and Freddie Mac Lender Advisory Boards and has been voted one of the top 100 mortgage banking executives in the industry.
Jason Wright, Director, Lenders One eMortgage Services
Jason Wright is the Director of Lenders One eMortgage Services, where he helps Lenders One members capitalize on the technological advantages and opportunities created by the technology and services provided by the cooperative and in the market. Wright has over a decade of experience in the eClosing space and has facilitated thousands of electronic closings, with a unique perspective and experience from the title, attorney, compliance, technology and lender aspects of the eMortgage transaction.