SwiftSend eDisclosures

SwiftSend eDisclosures™ is a newly launched service that enables the paperless delivery, tracking and archiving of disclosures and loan applications. eDisclosures features SwiftSend’s new eLoanFolder, the industry’s most flexible and secure online electronic folder for collecting and managing loan documents. The service is easy to set up, easy to use, and is designed to help lenders meet both their compliance objectives and their marketing initiatives.

SwiftSend’s eLoanFolder™ allows disclosures, applications and other documents related to a specified loan to be transferred to and from a secure electronic folder regardless of format or file type. eLoanFolder’s unique, dynamic interface allows lenders to add documents to the folder via fax or file upload, as well as to delete, view, and print any document in the folder. Lenders can define different document groupings and deliver an appropriate group of documents to particular recipients based on these definitions. Lenders also can authorize brokers, title companies, and borrowers to add specified documents directly to the folder without any compromise to security.

Additional eDisclosures features include:

• SwiftReceive™ allows borrowers to access their application and disclosure documents anytime, anywhere, from any PC on the Internet without having to download a viewer or install special software. They simply click on an encrypted link in their browser or email to view and print disclosure documents directly from SwiftSend’s secure server. This is especially important for borrowers who need to view and print their documents from work or another environment that prohibits individual users from downloading and installing software. In addition, SwiftReceive will automatically resize legal-size documents to letter size so they can be printed on any printer.



• User-friendly SwiftSign™ allows borrowers to approve documents electronically. With SwiftSign, SwiftSend customers can customize instructions and consent language to meet a wide range of compliance objectives, marketing initiatives, SPeRS guidelines and UETA regulations.



• SwiftSend Enhanced Reporting and Archiving simplifies the compliant storage, reporting and record-keeping of loan documents by providing online reports and DVD archives. Records are kept online for 90 days after which they are encrypted and archived to easily searchable DVDs for permanent offline storage.

eDisclosures is designed so that customers can begin realizing the benefits of a paperless loan process immediately. It does not require an implementation project or the conversion of loan documents into PDF or HTML. Built with Gramm-Leach-Bliley in mind, the service provides all of the reliability, security measures, features and functionality found in SwiftSend’s LoanDocs® service, which since 2001 has enabled hundreds of lenders to deliver millions of loan closing document packages electronically.

“The loan industry is migrating towards a totally paperless mortgage process and SwiftSend eDisclosures is a huge leap forward in that migration,” said SwiftView President Steve Bachelder. “Our users can shave days off the application workflow, create a tighter bond with their borrowers, and ensure the highest levels of compliance and convenience. In particular, the dynamic power of SwiftSend’s eLoanFolder adds tremendous value to lenders by eliminating the need to manually collect and handle paper copies of loan-related documents. SwiftSend eDisclosures is another example of SwiftSend's commitment to providing lenders value-added services that help our customers cost-effectively process more loans in less time.”