Bay Equity Home Loans
has announced the launch of BE Express Closing, the company’s new e-signing platform designed to drastically reduce the time spent at the closing table.
“BE Express Closing turns the major undertaking of manually signing closing documents into a virtual piece of cake,” said Sue Melnick, Bay Equity’s Chief Compliance and Operations Officer. “Until now, home loan borrowers paged through a stack of documents, affixing hundreds of signatures. They got tired, their hand got tired. For borrowers it’s just a lot easier, and everybody’s a lot happier.”
Depending on state regulations where the loan is originated, BE Express provides two distinct e-signing options. “Full e-close” borrowers sign their name once or twice, and the system populates the rest, while “Hybrid” closing requires certain documents to be printed out and hand signed.
“We’re very excited about this platform coming to fruition,” said Bay Equity Chief Executive Officer Brett McGovern. “It’s an even better tool to fulfill our promise to our borrowers—do it well, close it on time and close it fast.”