Wednesday, September 5, 2007

Electronic Delivery of Documents

Do you know what's new in mortgage industries today? Here's the coolest thing I've ever heard about mortgage industries. Before if buy a house through loans as most people does, we certainly need to submit a lot of documents required of buying a house in traditional way. But now we don't need to do the traditional paper-based files anymore. Because ecomia.com came out with a new inovations that's called electronic disclosures. Electronic Disclosures process loans document by electronic format knows as SMARTDoc.

SMARTDoc are based on XML, an Internet-based technology that allows the document itself and the data that files the document to be separated. By using SMARTDoc, loan documents are queried, audited, executed, transferred, and archived entirely in the electronic medium.

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