Have suggestions for products that you’d like to see reviewed by our real estate technology expert? Email Craig Rowe.

E-mortgage and digital lending company eOriginal announced in a press release the availability of a newly developed solution for preclose activity as part of its Closing Center 2.2 product.

“Preclose” is the term for the transaction phase that involves assembling everything needed for a smooth close of escrow. It often reveals and aims to solve any last-minute concerns about deal integrity.

Closing Center’s Preclose starts with the lender providing access to the borrower for review and online signing of eligible documents via a web portal. Executed documents are then reviewed by the lender for approval, and documents that remain unsigned are included in the final closing package for safe in-person or curbside closing.

The intent, as with many digital closing efforts, is to minimize superfluous person-to-person contact and speed up the document-heavy closing process as a whole.

All preclose activity is mobile-ready as well, allowing users to review and approve from anywhere. EOriginal’s software supports fully electronic eNotes, hybrid and even traditional paper-based closings, as well as remote online notarization (RON)

Fully digital real estate deals took a huge leap forward in the last six months under the pressure of keeping business alive during a global pandemic. A wide range of software providers grew quickly, as did RON providers and the concept of curbside closings.

Electronic closings add value in a number of ways, from reducing manual data input errors to greatly enhancing privacy, data security and aiding in the reduction of wire fraud when integrated. They also make the process much easier to track and record than traditional manual handling.

EOriginal is one of the oldest providers of e-mortgage services and software. In April, it closed on a partnership with Guild Mortgage to enhance its digital closing offering.

Have a technology product you would like to discuss? Email Craig Rowe

Craig C. Rowe started in commercial real estate at the dawn of the dot-com boom, helping an array of commercial real estate companies fortify their online presence and analyze internal software decisions. He now helps agents with technology decisions and marketing through reviewing software and tech for Inman.

apps | homebuying | technology
Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×