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COMPUTER HARDWARE & SERVICES | IT Services / Data Storage & Security

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About Evault

EVault, a subsidiary of Seagate Technology, provides Intelligent Information Infrastructure, enabling organizations to manage the digital data explosion and deliver on next-generation workloads.

Evault Headquarter Location

Dublin, Ohio, 43016,

United States

Latest Evault News

Solex eClosing from First American Docutech provides lenders with eSigning efficiencies and eVault integration

Aug 2, 2021

Solex eClosing from First American Docutech provides lenders with eSigning efficiencies and eVault integration The Solex eClosing platform is approved by Freddie Mac and Fannie Mae for eClosing, eNote and eVault functionality Share On As lenders strive to reduce costs, close loans faster and deliver a safe, seamless and convenient borrower experience, leveraging a comprehensive eClosing platform is a top priority. Solex eClosing from First American Docutech is designed to accelerate the closing process through a streamlined, end-to-end, modern digital experience, inclusive of lenders, settlement agents, notaries and borrowers. “The combination of First American and Docutech is driving the digital transformation of the real estate closing process forward through collateral file management from the inception of the mortgage process through post-closing,” said Amy Brandt, president of First American Docutech. The Solex eClosing platform is approved by Freddie Mac and Fannie Mae for eClosing, eNote and eVault functionality. Solex provides lenders with efficiencies from point of sale through post-closing, and includes intelligent eEligibility, native SMARTDoc eNote, electronic notarization including Remote Online Notarization (RON), and its proprietary eVault with a direct integration to the MERS eRegistry. Through First American Docutech, lenders gain the benefit of an intelligent eEligibility engine that analyzes each closing package and helps determine the most appropriate eClosing path. Lenders can also provide title and settlement with secure access to review and add title documents to the closing package. The process is also convenient for the borrower as they can review their documents in advance, from any device and can eSign relevant documents, thereby shortening the actual closing ceremony. On the day of closing, Solex provides options for in-person eNotarization, RON and eRecording. For lenders utilizing First American Docutech’s dynamic document generation engine, ConformX, integrated with leading loan origination systems and borrower portal solutions, every relevant field is imported, defaulted or automatically populated through rules-based intelligence. All disclosures and closing documents are generated with eSignatures and interaction points tagged natively, eliminating manual labor and missed signature and interaction points. In addition, settlement agents can also easily upload relevant documents to the closing process for an automated and accelerated eClosing experience. Soon, lenders on any document generation system will be able to utilize Solex eClosing for hybrid closings and later for a full RON eNote eClosing. After the eClosing is completed, the eNote is registered on the MERS eRegistry through the Solex eVault, where all of the life of loan events can be managed. Once registered with MERS, lenders can manage secured parties or interim investors, transfer control to a final investor, update the servicer and location fields when needed, and later flag an eNote as being paid off, assumed, modified or other life-of-loan events. “As part of the First American family of companies, our combined expertise in title, settlement and document services technology delivers a complete suite of digital mortgage solutions to make it easy for lenders and settlement providers to close loans faster,” continued Brandt. “We are focused on accelerating the closing process for all involved through the creation, delivery, execution and perfection of the documents, from application through post-closing.” First American Docutech provides lenders with a complete and integrated digital mortgage solution that streamlines the complex closing process. Solex eClosing continues to lead the industry and has now helped lenders digitally close more than 500,000 mortgages. Amy Brandt, President of First American Docutech Amy Brandt is president of First American Docutech, a part of the First American family of companies, providing leadership and vision to deliver end-to-end integrated digital mortgage solutions that enable lenders to accelerate the real estate closing process. Most Popular Articles

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Expert Collections containing Evault

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Evault is included in 2 Expert Collections, including Cybersecurity.



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