Tuesday, September 11, 2007

Every Little Bit Helps

For those who don't know, Chris made his career change into the mortgage industry. He is working as an assistant/partner to an area mortgage lender. He is thrilled to be back in the business and he is jumping in head first. I am so proud of him and all his hard work.

I saw this really neat idea today. Those who have been to closings know how much paper is shuffled through, handed out, and signed. It is tough to keep up with it all and overwhelming. Your brain is swimming by the end of it all. You just bought a house! Yeah!! But, you feel like a deer in the headlights. What can be done about this craziness.

Well, check out electronic closings. There is a company called Encomia that specializes in just that. Basically, instead of all the loan documents being delivered in paper format they are converted into an electronic format and the closing is conducted on a computer. You view the documents on the computer, sign the documents on the computer, and completely close the loan...where? On the computer. Think about how much time that would be saved because no one has to shuffle through papers and wonder if they got all the appropriate copies. Not to mention how much energy that would be saved not producing all that paper. The website for Encomia claims that closing times can be cut down to 15 minutes. Wow!

Being that Chris is re-entering the mortgage industry I am excited to see the developments that are being made to make everything that much easier. Aren't you??

This post sponsored by

0 Readers Shared Their Love: