AmTrust sets closes 10,000-plus loans electronically MortgagePress.comAmTrust, eSign, electronic signature
AmTrust has announced promising new life in the mortgage
industry by closing more than 10,000 mortgage loans using its
proprietary eSign closing solution. As one of the largest mortgage
lenders in the country, AmTrust Bank has closed and sold more loans
with an electronic note (eNote) than all other lenders in the
nation combined. eSign is an electronic mortgage loan closing and
electronic signature solution that brings borrowers one step closer
to a completely paperless closing experience.
Supported by Gemstone, AmTrust's
business-to-business Website, eSign converts the majority of legal
closing documents into an electronic format for both fixed-rate and
adjustable-rate loans. In addition, closing documents can be
reviewed in advance via the Internet at any time or place to ease
borrower anxiety and eliminate the guess work. After closing,
borrowers get their own copy of all closing documents on disk or
flash drive to take with them.
"The AmTrust model is an incredible win for everyone - the
consumer, our mortgage and closing partners and even the
environment," said Jon Baymiller, AmTrust Banks EVP of mortgage
lending. "Implementation of the fully integrated AmTrust eVision
value proposition represents an ongoing effort across many
constituents. We are especially appreciative of the support and
technical assistance we have received from Fannie Mae and MERS, key
partners in our eSign strategy."
"In the face of significant turmoil within the mortgage
industry, I am proud of AmTrust's continued long-term focus while
we have dramatically grown our business and invested in technology,
such as eSign, to offer the most convenient solutions to our
customers," said AmTrust Bank President Peter Goldberg.
For more information, visit www.esignmortgage.com.