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Equifax announces paperless lending solution
LAS VEGAS (11/20/07)--Equifax Inc. has launched a paperless lending solution that allows financial institutions to close loans electronically. The solution was announced during the Bank Administration Institute Retail Delivery Conference and Expo in Las Vegas last week. The product was created through integration of Carleton Inc.’s SmartDocs and eCore Inc.’s advanced electronic vaulting solutions. Credit unions using the solution will be able to create electronic loan documents using SmartDocs. Credit union members can view their documents on screen and sign them using a signature pad. Documents are deposited to the eCore vault, where they are maintained and managed. Financial institutions can deploy the product within a few weeks, said Atlanta-based Equifax.


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