Magazine article Mortgage Banking

Fremont Bank Implements Encomia eMortgage Solution

Magazine article Mortgage Banking

Fremont Bank Implements Encomia eMortgage Solution

Article excerpt

Encomia, Houston, a provider of end-to-end eMortgage technology, announced it is providing electronic mortgage technology to Fremont Bank, Fremont, California, a full-service community bank with more than 20 branches.

Fremont plans to originate fully electronic mortgages through the Encomia eMortgage solution, which provides financial institutions with a comprehensive tool kit that features the creation of SMART Docs[R] electronic signature capability and secure document archival.

As more of the bank's institutional investors continue to accept these loans, Fremont will increase the size of its eMortgage portfolio, said Tami Fuller, manager of system development and administration of Fremont Bank.

"We now have the technology in place to originate mortgages electronically. As more and more investors and borrowers become comfortable with eMortgage, this piece of our portfolio will continue to grow," said Fuller. "As this percentage increases, our customers will see the benefit of a greater cost savings."

With the implementation of the Encomia eMortgage solution, which took less than 90 days, Fremont has begun a substantial shift away from paper mortgages. …

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