ROCHESTER, N.Y. — eOriginal Inc. on Thursday completed its second all-electronic mortgage closing and announced an alliance with one of the companies that took part in the transaction.

The Baltimore technology company completed its first all-Web mortgage transaction last July with Mortgage.com. In the new partnership, it will offer mortgages online with Xerox Federal Credit Union of Rochester.

In Thursday’s transaction, the documents were prepared by Xerox Federal using the eOriginal service and processed through eSys Technologies. The borrowers signed electronically and ex-changed the documents with the Monroe County clerk’s office. The entire process took about four hours, eOriginal said. Stewart Title underwrote the title insurance policy, and Boylan, Brown, Code, Vigdor & Wilson acted as the closing agent. Xerox Federal Credit Union will keep the loan in its portfolio.

In an interview, Joseph Bryant, a president at eOriginal, called the transaction and the agreement with Xerox Federal “a very big deal.”

“Many people who are aware of e-sign and paperless mortgages have had a ‘Who goes first?’ attitude,” he said. “Those lenders will now start to take a serious look and see that there’s more to this than smoke and mirrors.”

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