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Accurate Group, a provider of real estate appraisal, title and compliance services, has announced the launch of its eSign closing solution. Accurate eSig is designed to help mortgage lenders streamline loan closing and improve the borrower’s experience. The solution will enable lenders to provide documentation to borrowers more quickly, in compliance with Consumer Financial Protection Bureau (CFPB) regulations, and allow borrowers to review and sign real estate closing documents from anywhere at any time that is convenient for them.
Accurate eSign combines documentation, process flows and secure e-signature technology in an easy-to-use web-based platform. The solution is compliant with the Uniform Electronic Transaction Act (UETA), the Electronic Signatures in Global and National Commerce Act (E-Sign Act) and standards set by the Mortgage Industry Standards Maintenance Organization (MISMO).
“Our goal with Accurate eSign is to improve the borrower experience during closing and help lenders and title companies meet the CFPB requirement to provide accurate, complete documentation to borrowers at least three days before closing,” said Paul Doman, president and CEO of Accurate Group. “By combining secure e-signature technology with a complete documentation package, we are streamlining the closing process for all parties. Borrowers benefit from greater transparency and lenders gain compliance and a detailed record of signed documents stored electronically, complete with borrower consents and signature timestamps.”