recently debuted its integrated auto-fulfillment service for mortgage disclosures, the latest enhancement to SimpleNexus’ integrated disclosures solution, which enables mortgage loan originators and applicants to securely share, review and sign mortgage disclosures and other loan documents online or in a lender’s SimpleNexus mobile app without logging into multiple portals.
Loan applicants who have consented to receive loan documents electronically (eConsent) receive instant push notifications when it’s time to review or sign disclosures. They can eSign most disclosures—including custom documents created by lenders—directly from the SimpleNexus mobile app or online. If a document needs to be wet-signed, SimpleNexus makes it easy to print, sign and upload the completed document in seconds.
In the event that a loan applicant does not eConsent, SimpleNexus will mail disclosures packages in accordance with regulatory deadlines, complete with a cover letter and table of contents to help borrowers navigate the documents. Alternatively, mortgage lenders that have their own fulfillment desk can download all of the loan’s disclosure documents as a single file for easy printing and mailing.
"With SimpleNexus, borrowers can use any device and access disclosures in one place—the familiar place they’ve been going throughout the homebuying process,” said SimpleNexus Chief Operating Officer Ben Miller. “We’ve developed our disclosures solution with lender input to eliminate more than a dozen pain points that occur in other solutions. For instance, we streamline the login process by auto-filling the correct email address associated with the borrower’s eConsent, and our system is smart enough to know that minor changes like the addition of a middle initial on a loan document shouldn’t require applicants to eConsent again. These are just a few examples of small optimizations that add up to a better borrower experience, massive time savings and stronger pull-through.”