Adjustable rate mortgages (ARMs) are resetting at an alarming rate and savvy servicers are looking for innovative ways to streamline this process, while also reducing associated expenses. ClosingStream, from LPS' LSI division, has a self-service, e-signature loan-modification solution that provides servicers with the most effective and secure method for getting documents executed, while keeping their ARM reset servicing costs to a minimum.
- Shorten cycle times
- Increase response rates
- Accelerate loan fundings
- Reduce expenses
LSI's ClosingStream self service solution provides the most effective and secure method to get documents executed, and where customers can conveniently e-sign documents as quickly as the lender can post them to the system. Authentication protocols and processes create a secure environment for the presentation and electronic signing of sensitive documents.
ClosingStream is applicable to most types of document presentation, electronic signing and/or acknowledgement events:
- Customers can get account changes made quickly to mortgage, auto and credit card loan modification documents
- Simplified presentment and a recorded audit trail contain the customer’s acceptance and time/date stamps
- Online acknowledgement at origination, not a notarization, is a valid form of acceptance
- The borrower can acknowledge any other required documents or disclosures
Let us show you how ClosingStream can work for you!