Fifth Third Embraces E-Delivery And E-Signing

*Fifth Third Embraces E-Delivery And E-Signing*
**By Tony Garritano**

TonyG***PROGRESS has learned that the world electronic signing and electronic delivery just got a boost. How you might ask? DocMagic, Inc., a provider of fully-compliant loan document preparation, compliance and eDelivery solutions for the mortgage industry, has been approved by Fifth Third Mortgage Company, a subsidiary of Fifth Third Bank, as an eDelivery and eSignature vendor for correspondent lenders who sell their production to the bank.

****“We’re delighted by this approval and expect this to open up potential relationships between our existing clients and Fifth Third’s correspondent division,” said Tim Anderson, director of eServices for DocMagic. “This will also create opportunities for existing Fifth Third correspondents to take advantage of DocMagic’s free eSign technology and our industry-leading compliance services.”

****According to the bank, Fifth Third will now permit electronic delivery and electronic signature of eligible initial disclosure documents from approved correspondent sellers, as published in Section 1.08 Electronic Transaction in its Correspondent Seller Processing Guide, that utilize DocMagic as an eServices vendor. As set forth in its Correspondent Seller Processing Guide, the Bank must approve the use of any eServices vendors in advance.

Tony Garritano

Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at tony@progressinlending.com.