Xerox Supports Drive Toward E-Mortgages

Xerox Mortgage Services has added electronic signature and electronic vaulting capabilities to help lenders embrace a hybrid e-mortgage process. The enhancements build upon Xerox's Web-based BlitzDocs Collaboration Suite, which supports paper, imaged, and electronic loan documents. Mortgage participants can now sign home loans online by simply clicking on the document's signature line, Xerox said. Electronically signed documents are then securely managed and stored in an e-vault repository. Audit tracking detects where the documents travel to keep tabs on any transactions made during the loan's life cycle. Licensed through eSign Systems, a division of Wave Systems Corp., the electronic signature capabilities will help expand the BlitzDocs' network of mortgage participants,¬ giving users access to a larger pool of lending institutions and other service providers, Xerox said. Xerox Mortgage Services can be found online at http://www.xerox.com/mortgageservices.