Sunday, August 12, 2007

eMortgages is the way to go

The world of electronics has changed the way we do things. Take for instance, the mortgage process. Only a few years ago, the only method used was the manual process where the traditional paperwork was the order of the day.

Some companies are still going about the mortgage process this way however, but many have moved on to electronic mortgages or eMortgages. In this eMortgage process, loan documents are converted to an electronic format known as a SMARTDoc where the document is queried, audited, executed, transferred, and archived entirely in the electronic medium, eliminating paper and creating value for everyone involved.

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