According to the Salt Lake City-based company, eClose is the process of electronically signing some or all mortgage closing documents. PRMI said it was among the few lenders offering this service to its borrowers.
"eClose is a real advantage for borrowers," said Ruth Green, PRMI chief operations officer. "Unlike standard closings, eClose lets borrowers review the closing documents at home, or anywhere really, before their closing appointment. Then they can choose to sign them on their own computer, tablet or smart phone, or sign with a settlement agent."
Jessica Rackham, PRMI director of closing operations, added: "It's not complicated and doesn't require any additional software. This process is one more way we can create a more seamless borrower experience."