The Real Estate Settlement Procedures Act (RESPA) requires that initial disclosures be postmarked within three business days of receiving the loan application. Satisfying this requirement can be a labor intensive process involving preparation, postage fee. E-Disclosures with eSign changes all of this technology delivers Initial Disclosure documents electronically to your borrowers within a few seconds and the document review and signing process is completed immediately. If the electronic documents are not accessed within 48 hours, the documents are automatically printed and mailed to the borrowers.
At ESS all set of loan Documents will be created through Document Express or Encompass or CALYX according to the loan program, state disclosures and also as per investor requirements.
Apart from disclosures we review all the loan documents such as Forms 1003 & 1008, W2s, pay stubs, borrower's authorization, GFE, TIL and so on, making sure that all necessary documentation has been filed and compliant with state and federal regulations. We also obtain the appropriate VA and FHA case numbers online.
ESS expedites processing by collecting supporting documents, viz., bank/mortgage/pension statements, escrow documents, divorce decrees, child support documents, etc. We can also order homeowner's insurance and the flood certificate for the property. We also help you with preparation of the mandatory GFE and TIL disclosures.