EasySign launched in September as a pilot in select markets
Retail lender Movement Mortgage has introduced EasySign, a feature that allows borrowers to sign most loan documentation electronically before closing, to enhance its digital mortgage offering.
EasySign launched in September as a pilot in select markets. Movement plans to roll out the feature across its nationwide footprint by the end of 2018.
Movement said the addition provides borrowers more time and transparency as it allows them to sign loan documents before their scheduled closing using a tablet, laptop, or desktop computer.
"EasySign delivers a simple, convenient, transparent, and secure closing experience for our customers," Movement COO John Third said. "This is one more step in our journey to provide the best digital mortgage experience for borrowers, real estate agents, and loan officers."
Movement said EasySign allows for a drastic reduction in the number of documents to be signed at closing appointments. In trial programs, participants saw a 75% or more reduction in the number of physical signatures required at closing, depending on product type and location.
While EasySign covers all electronic signatures allowed by law, some state and local regulations require a limited number of documents to be signed in-person by the borrower in most cases.
The feature is powered by Docutech’s document generation engine Solex eClose, which Movement uses to create electronic documents. The documents are automatically and electronically delivered to the borrower to review and electronically sign.
