Electronic Closing - Need Links

Electronic Closing is generating excitement in business and lending circles alike with the promise of eliminating paper and creating value by providing an entirely electronic closing process for completing mortgages. Anyway, this electronic closing promises to revolutionize the mortgage banking industry and save lenders, settlement agents, investors, and borrowers thousands of dollars. In the traditional paper-based mortgage process, loan documents are created, executed, and stored as paper files. In the eMortgage and process with electronic closing, loan documents are converted to an electronic format known as a SMARTDoc. SMARTDocs are based on XML, an Internet-based technology that allows the document itself and the data that fills the document to be separated.