Encomia Rave

Encomia is promising to eliminate paper work and create value by providing an entirely electronic closing process for completing mortgages. Electronic closing or eclosing promises to revolutionize the mortgage banking industry and save lenders, investors, and borrowers thousands of dollars.

With electronic closing, loan documents are converted to an electronic format known as a SMARTDoc. These SMARTDocs are based on XML, and allows the document and the data that fills the document to be separated. This eliminates the need to create, execute, and store paper files.

Change to an all electronic closing mortgage process are significant to allow entire processes to be automated and some eliminated. The biggest area of change is the closing, which is done on the computer, which also materially affects the origination process.

For mortgage bankers, lenders, settlement agents, investors, and borrowers, let Encomia save you money with their eclosing technology.

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Mister Linker

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