All-electronic mortgage ready to be sold on secondary market
Document Processing Systems announced this week that it had closed what it calls the nation's first successful implementation of a fully paperless, all-electronic mortgage.
The mortgage was closed using DPS eMortgage Studio, which was used by all parties, including lender, document provider, title company, settlement agent, notary and borrower to electronically create, execute, register and store all documents for the settlement.
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