IMS Does E-Signing for Loss Mitigation

Integrated Mortgage Solutions has expanded its loss mitigation package to include the IMS Notary Service, an e-service product that facilitates the signing and notarization of loan documents online. All IMS e-services are MISMO SMART Doc compatible. The news was released at the Mortgage Bankers Association's annual convention in San Francisco. According to recent surveys, it has been reported that 40% to 50% of loss mitigation packages are not returned from the borrower to the servicer. Notary Service is designed to eliminate barriers to the return of loss mitigation packages. With Notary Service, whether the servicer utilizes e-services technology or the traditional paper document package delivery, IMS will draw the documents and coordinate a meeting with both the notary and the borrower. IMS determines a specific date, time and location requested by either the servicer or the borrower to have the documents notarized via electronic signature pad or the actual paper documents.