The latest version of Accenture Mortgage Cadence’s Loan Fulfillment Center incorporates e-signature capability, according to a company announcement.
This functionality will allow borrowers to sign disclosures electronically, which the company said will make the loan origination process easier and faster.
“Offering e-signature functionality brings the Loan Fulfillment Center one step closer to enabling the completely digital mortgage,” said Paul Wetzel, senior product line lead of Accenture Mortgage Cadence.
By enabling e-signatures, it will take mortgage originators just minutes to order documents and send them to borrowers. The software can then guide borrowers to the documents that need signing and will track outstanding documents for the lender.
The mortgage origination software will also notifies both borrowers and lender when all signatures are successfully recorded allowing for improved communication, according to Accenture, which acquired Denver-based Mortgage Cadence and its loan origination system in August 2013.
Accenture Mortgage Cadence is a cloud-based platform used by credit unions and banks for retail mortgage lending services.