Mountain America CU Implements QuickClose Paperless Mortgage Closings
WEST JORDAN, Utah – Mountain America CU said it now offers the option for all of its Utah members to close mortgage transactions electronically.
The credit union said home buyers can easily access and preapprove most of the necessary documents online prior to closing with Quick Close, a paperless mortgage closing service. Quick Close serves as the primary communication and document delivery vehicle, where title agents, real estate professionals and lenders meet to compile the entire closing package from a secure website. Quick Close is powered by SureClose, a paperless transaction management system developed by PropertyInfo Corp., a Stewart Company.
Title offices that have set up Quick Close along with eClosingRoom, a program also provided by PropertyInfo, can close mortgages using designated computers and electronic signature capture pads. Members of the $2.8 billion credit union will simply sign any remaining closing documents on the PC and sign a digital signature pad once. That signature is then affixed to all of the closing documents.
Stewart Title Company and PropertyInfo Corporation are wholly owned subsidiaries of Stewart Information Services Corp.