SigniaDocs Expands Electronic Modifications

Dallas-based electronic mortgage services provider SigniaDocs expanded its offerings to facilitate electronic modifications. The company expanded its paperless “eModification” services aim to cut down on paper usage and transportation time of sensitive modification documents. The modification varieties these electronic services apply to include custom lender modification agreements, multiple-step modifications, short sales, refinances, deferrals, repayment solutions and adjustable- to fixed-rate transactions. A focus on online modification platforms should streamline the process and allow for rapid turnaround time in loan modifications. The company says initial data shows that 50% of eModifications are completed the same day they are approved, and over 80% are executed within two business days. Write to Diana Golobay.