Skip to main content

IDS Adds Hybrid eClosing Capabilities to Its idsDoc Platform

NationalMortgageProfessional.com
Apr 16, 2018
International Document Services Inc. (IDS) has announced that its clients now have the capability to conduct hybrid electronic mortgage closings through its flagship mortgage document preparation platform, idsDoc

International Document Services Inc. (IDS) has announced that its clients now have the capability to conduct hybrid electronic mortgage closings through its flagship mortgage document preparation platform, idsDoc.
 
“IDS’s philosophy has always been to provide solutions that help our clients meet the challenges they face today while planning for the challenges they could face tomorrow,” said IDS Vice President and General Manager Mark Mackey. “Now that investors are starting to accept hybrid eClosings, we felt the timing was finally right to add that capability to idsDoc so that our clients are able to keep pace with industry acceptance of electronic processes along the eMortgage continuum.”
 
Through this new functionality, lenders will be able to have borrowers electronically sign and execute the majority of closing documents through the idsDoc eSign room. The promissory note and any documents requiring notarization will still need to be wet-signed, though IDS plans to add eNotarization and remote notarization capabilities as those processes become legal in more states.
 
“Even though 21 states allow some form of eNotarization, investors are still wary of accepting loans with electronically notarized documents. In addition, only three states–Nevada, Texas and Virginia–have enacted legislation allowing remote notarizations,” Mackey said. “Once eNotarization and remote notarization become reality for the vast majority of IDS customers, we will be ready with the functionality to allow them to meet this new challenge head on.”
 
Published
Apr 16, 2018
More from
Tech
Report: Academy Mortgage Targeted By Ransomware Group

Group known as BlackCat steals confidential files, posts images of them on the dark web.

May 16, 2023
National MI Integrates With Vesta LOS

Lenders can now view quotes and order risk-based mortgage insurance via the Vesta LOS platform.

May 09, 2023
Redfin Joins Zillow in Adding ChatGPT

Plugin is available now for eligible ChatGPT users to install.

May 04, 2023
Zillow Launches ChatGPT Plugin For Real Estate Searches

Plugin is in alpha phase and is accessible to a select number of ChatGPT users.

May 03, 2023
Tavant Set To Add Asset Analysis To AI Lending Platform

Will help speed underwriting process and reduce costs, company said.

Apr 26, 2023
Array Announces Launch of Debt Manager App

Embeddable tool provides comprehensive view of credit and loan account information.

Apr 24, 2023