Encomia and SigniaDocs Inc. are partnering to offer mortgage originators electronic document processing using SMART Doc and industry-approved e-commerce standards. SigniaDocs has developed a SMART Doc system built on Encomia's EC3 electronic mortgage suite, allowing originators to implement paperless mortgage within all existing processes and systems, the companies said in a press release. The system, based on Mortgage Industry Standards Maintenance Organization (MISMO) e-commerce standards, includes traditional errors and omissions (E and O) insurance. Encomia SMART Doc customers can automatically review loan documents for Truth in Lending Act and high-cost compliance disclosures on the local, state and federal levels. The software also provides customizable smart fields, automatic Mort...
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