A full eClosing occurs when all closing documents are electronically signed and notarized online; including the eNote and security instrument. There are variations such as hybrid eClosings, where only certain parts of the lending process are brought online. Based on arecent study of Notarize customers conducted by MarketWise, implementing eClosings (whether hybrid or full) has shown the most impact on ROI for lenders — saving them time and improving loan quality and customer satisfaction.
Here are some key figures from the study that showcase the benefits of eClosings.
Click hereto access the full study and find out how eClosing increases ROI for lenders.
To view the original blog post from Notarize, please click here.
Find out how much you can save switching from paper to hybrid or even fully digital closing using our eClosing ROI calculator.