Mortgage Tech Rundown: Blend and Docutech
Silicon Valley technology company Blend announced the launch of a new digital product, marking the company’s next step in enabling an end-to-end digital mortgage experience.
The new product, Blend Close, aims to provide lenders with an eClosing solution that adheres to all the latest regulations, directly within the borrower and lender mortgage and home equity workflows.
According to the company, Blend Close will feature all the necessary functionality for eSign, Remove Online Notarization, eNote, and eRecording, while supporting:
Hybrid Closing: Some documents are eSigned and eNotarized; others (like the security instrument) are signed in the traditional way. The Security Instrument is also referred to as the Deed of Trust or Mortgage.Remote Online Closing: Documents are eSigned and eNotarized with parties interacting through video conferencing.
“With Blend Close, consumers will be given the option to close how they want. Whether it’s an old-fashioned in-person paper closing or a remote online closing, we’ll surface the best possible closing experience for that loan while providing lenders with new levels of simplicity, efficiency, and ROI,” the company said in a statement.
Docutech, a provider of document, eSign, eClose, and digital to print fulfillment technology, announced an agreement to integrate with Origence, a provider of lending technology and solutions to the financial services industry.
In a press release, the company said the integration of the Origence mortgage lending platform with Docutech’s ConformX and Solex platforms will allow lenders to generate dynamic loan documents, enabling them for eDelivery, eSignature, and eClosing capabilities.
“Origence stands apart from other LOS and POS platforms in the market today, laser-focused on delivering a digital platform that improves both the lender’s and borrower’s experience, and powers lenders’ business for years to come,” said Roger Hull, president and chief product officer of Origence. “Integrating with Docutech’s ConformX dynamic document generation and Solex digital mortgage platforms is a strategic alignment to provide the optimal experience for lenders and their customers.”
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