Baillie Hall & Hershman and Constitution Mortgage Partner with AmTrust Bank to Offer Electronic Mortgage Closings
Cheshire, Conn. February 29, 2008
Baillie Hall & Hershman P.C. and Constitution Mortgage have partnered with AmTrust Bank to offer consumers eSignSM, an electronic mortgage loan closing solution which brings borrowers one step closer to a completely paperless closing experience. Supported by Gemstone, AmTrust's world class business to business website, eSign converts the majority of legal closing documents into an electronic format for both fixed-rate and adjustable-rate loans. As the preeminent leader in mortgage technology and one of the largest mortgage lenders in the country, AmTrust Bank has closed and sold more loans with an electronic note to Fannie Mae than all other lenders in the nation combined.
"eSign takes some of the anxiety out of the closing process because documents can be reviewed and confirmed in advance," said partner Jay Hershman of Baillie Hall & Hershman P.C. "Borrowers are always taken aback by the number of documents that must be manually signed at a closing. eSign eliminates that hassle for them; we're proud to offer this tremendous convenience to our clients."
With the click of a mouse, each electronic document is immediately and flawlessly signed. Prior to closing, consumers can elect to review their final mortgage closing documents via the Internet at any time or place. After the closing, an electronic (PDF) version of all closing documents can be provided to borrowers on disc or flash drive.
"At AmTrust Bank, we are technology innovators specializing in delivering the very best mortgage experience to borrowers and our business partners," said AmTrust Bank President, Peter Goldberg. "Borrowers want technology solutions that make their lives easier and AmTrust's eSign closings are designed with exactly that in mind."
The thousands of correspondents, brokers and closing agents partnering with AmTrust are able to make the benefits of electronic closings become a reality. Benefits include the convenience of enabling consumers to review and verify mortgage documents prior to closing via the Internet, faster closings, dramatic cost reductions through the elimination of overnight courier services and paper document storage, and the elimination of many signature errors or missing document problems.
"With eSign, the borrower is able to review their loan documents online, and 'click" their acceptance, rather than reading through stacks of paperwork &ndah; thus delivering a convenient borrower experience while closing the loan faster than ever," said Kevin Luddy, President of Constitution Mortgage Co. Inc.
Baillie Hall & Hershman P.C.
Baillie Hall & Hershman P.C. is a full-service law firm providing legal services to businesses and individuals; with U.S. operations from offices in Cheshire, Avon, Waterford, and Norwalk, Connecticut. The firm has extensive resources and experience in residential real estate matters in local and regional markets, and is Connecticut's largest supplier of real estate closing services to the employee relocation industry. The firm's subsidiary, Associated Attorney Title & Closing Company, P.C. (AATC), provides closing services on a national basis. For more information, please visit: www.bhhlegal.com.
Constitution Mortgage Co. Inc.
Constitution Mortgage Co. Inc. has been committed to providing quality customer service since 1989. Their staff has spent over 100 years in mortgage banking giving them a century of experience to offer to their clients. They are always seeking cutting edge technology to help make the mortgage process easy for their clients.
AmTrust Bank
AmTrust Bank was founded in 1889, and is one of the fastest growing financial institutions in America. AmTrust has grown from a local savings and loan with one office to a nationally recognized leader in retail banking, with branch offices in Florida, Ohio and Arizona. AmTrust Bank offers customized checking, investment and small business services; is among the top 15 home loan originators in the country; and also specializes in commercial construction lending. In addition, AmTrustDirect.com, a division of AmTrust Bank, is an online-only resource offering competitive rates on CD, savings and money market accounts. To learn more about AmTrust's industry leading eSign solution, visit www.esignmortgage.com.
|
