We’ve Made it Easier to Deliver a Hybrid eClose Experience

As you plan for 2022, we understand the increasing focus on digitization and automation to combat margin compression. Likewise, the role of eClosing continues to be a priority to improve the customer experience, reduce costs, and close more loans faster. Historically, eClose functionality has been directly tied to a lender’s document generation engine. However, now you have the flexibility to quickly implement a hybrid eClosing process, regardless of which document generation engine you use.

Introducing Solex Orders
First American Docutech is happy to introduce Solex Orders to enable any lender, using any document generation engine to easily begin using our industry-leading Solex eClosing platform to quickly make hybrid eClosings part of their mortgage origination workflow.

The difference between a fully electronic mortgage loan closing and a hybrid eClose has to do with the number and type of documents the borrower signs electronically. With a hybrid eClosing, borrowers can electronically sign ancillary, non-notarizable documents in advance of the final closing session to reduce the closing appointment to mere minutes. Solex has been the platform of choice for some of the nation’s top mortgage originators and now has been used to complete over 550,000 eClosings.

Getting started with hybrid eClosing is quick and easy with two options:

Option 1: Access Solex Orders through your Preferred First American Title & Settlement Provider
After the initial setup is complete, if First American is your preferred title and settlement provider, simply send your closing packages as you do today, and they will take care of the rest, from placing the order, managing the in-person signing, and providing all documents, whether electronically or ink signed, after closing.

Option 2: Access Solex Orders direct through First American Docutech
Your lending closing team can access the Solex Orders application to place and manage eClose orders. Placing an order is simple with a 4-step ordering process:

            • Upload a FNMA 3.2 or MISMO 3.4
            • Confirm Property Information
            • Validate Parties on the transaction
            • Upload the closing package

Because no integration is required to utilize the functionality and power of Solex Orders, getting started is quick and easy. Any documents can be used once they are configured or “learned” by our classification and tagging tool as if they were generated by First American Docutech. We’ll review optional customizations and email notifications for the borrower signing experience, learn your documents, and you’ll be ready to eClose!

With Solex Orders, you’ll enjoy a clean, easy, intuitive process flow for eDelivery and eSigning, and you can easily manage and view order status. Document delivery and signing are accelerated, operations are streamlined, and compliance, security, and the borrower experience are all improved.

To learn how easy it is to get started, click below and we’ll follow up with you.

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