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Guild Mortgage Partners With eOriginal to Expand eClosing Capabilities

NationalMortgageProfessional.com
Apr 14, 2020
Guild Mortgage has named Michael Querrey vice president, strategic retail growth for its Mountain West Division

Guild Mortgage has announced a partnership with eOriginal to offer enhanced eClosing capabilities to its customers. Guild will incorporate eOriginal’s technology into its eClose solution to create, execute and deliver eNotes, adding to its digital mortgage origination process. Guild customers will now have the option to review and sign the eNote remotely, wherever they may be.
 
Guild Mortgage has announced a strategic partnership with eOriginal to offer enhanced eClosing capabilities to its customersAdditionally, eOriginal provides an eVault, a secure platform for the management of electronically signed assets, such as eNotes, after they are executed. Once an eNote is signed by a customer, it transfers to additional parties, such as warehouse banks or investors, including Fannie Mae and Freddie Mac, directly through the eVault.
 
“This is a critical time for the mortgage lending industry in needing to find more efficient and secure solutions for completing a mortgage transaction while limiting personal contact and keeping people safe,” said Mary Ann McGarry, chief executive officer of Guild. “We’re committed to offering our customers personalized digital mortgage options, and adding the ability to sign the note electronically is a big step toward a complete eClosing.”
 
eClose provides enhanced security protections, while reducing paperwork. Documents are retained in an encrypted electronic envelope and accessible only upon successful user authentication.
 
Lisa Klika, senior vice president and chief compliance officer at Guild, emphasized the importance of the digital mortgage in serving customers at a time when many traditional, paper-based mortgage origination processes are limited due to the restrictions put in place during the COVID-19 pandemic.
 
“The current environment should provide the motivation for more lenders to move with increased speed toward the digital mortgage,” Klika said. “Guild has been working diligently the past few years to expand our capabilities by enhancing our internal systems and integrating the best technology from trusted providers. We continue to work to get closer to a fully electronic closing process. We’re pleased to partner with eOriginal to add their technology to our eClose solution to better serve our customers.”

 
Published
Apr 14, 2020
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