![\"Click](\"https:\/\/www.send2press.com\/wire\/images\/23-0214-s2p-click-n-close-800x600.jpg\")
Image Caption: Click n’ Close, Inc.<\/em><\/p>\n
\u201cWe have been blown away by the non-delegated correspondent eNote process offered by Click n\u2019 Close,\u201d said Elizabeth Moore, Chief Operations Officer at Barr Group Mortgage. \u201cWorking with Ameris Bank\u2019s warehouse division SVP Jill Gainer helped ensure the set-up process was straightforward, and our first two loans were purchased the day after closing. Using eNotes has eliminated the need for allonges, overnight shipping costs, note corrections and chasing down lost notes.\u201d<\/p>\n
Through the eNote program, non-delegated correspondents can decrease turn times on their warehouse line to 48 hours or less, ultimately saving them money in the form of reduced interest charges and enabling them to turn over their warehouse lines far more frequently. Click n\u2019 Close has established partnerships with multiple warehouse lenders, such as Ameris Bank, to expand warehouse line access to qualified program participants previously financially ineligible for these lines of credit. The approval process for program participants captures most of the relevant financial statements and insurance exhibits requisite to the warehouse approval process, thus materially accelerating the warehouse approval timeline.<\/p>\n
\u201cWe are thrilled to have our first eNote executed in such efficient timing \u2013 less than three weeks from application to closing \u2013 and with such renowned partners,\u201d said Click n\u2019 Close Owner and CEO Jeff Bode. \u201cOur non-delegated correspondent eNote program provides emerging mortgage bankers with a tremendous opportunity to incorporate incredible agility and operational efficiencies into their business from the get-go and enables them to differentiate themselves with their customers, as well as their title and real estate partners, through a convenient digital closing experience.\u201d<\/p>\n
As Click n\u2019 Close\u2019s primary technology partner, DocMagic played an integral role in the success of this first transaction. Total eClose is DocMagic\u2019s comprehensive eClosing system that provides everything necessary for a paperless eClosing. DocMagic\u2019s powerful end-to-end technology provides an intuitive interface that all participants \u2014 lenders, settlement service providers, notaries and borrowers \u2014 can use immediately, without a steep learning curve.<\/p>\n
\u201cEvery lender is on the path to digital with the goal of closing electronically and delivering eNotes into the secondary market, but there are many challenges facing smaller lenders,\u201d said Brian D. Pannell, Chief eServicing Executive at DocMagic. \u201cClick n\u2019 Close, a long-time client, had been seeking a way to support their correspondent lenders who don\u2019t have the resources nor the relationships to support conducting transactions with eNotes. We\u2019re proud to have been part of their solution.\u201d<\/p>\n
To learn more about Click n\u2019 Close\u2019s non-delegated correspondent eNote program, contact Kerry Webb at\u00a0kerry.webb@clicknclose.com. For existing clients, contact your Click n\u2019 Close account executive to find out how your warehouse lender can participate.<\/p>\n
About DocMagic:<\/strong><\/p>\n DocMagic, Inc. is the leading provider of fully compliant document generation, automated compliance, eSignature and comprehensive eMortgage solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops award-winning software, mobile apps, and web-based systems for the production and delivery of compliant loan document packages. The company\u2019s solutions connect industry participants, promote collaboration, and ensure data integrity to execute precision-based digital lending transactions. The company\u2019s compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit https:\/\/www.docmagic.com\/<\/a>.<\/p>\n About Click n\u2019 Close, Inc.:<\/strong><\/p>\n Click n\u2019 Close, Inc., formerly known as Mid America Mortgage, is a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels and is also the nation\u2019s leading provider of Section 184 home loans for Native Americans. In operation since 1940, Click n\u2019 Close has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings and eNotes.<\/p>\n Combining this culture of innovation with a risk management mindset enables Click n\u2019 Close to deliver new products to market that address the challenges facing both borrowers and third-party originators (TPOs). These innovations include its USDA one-time close construction loans, proprietary down payment assistance (DPA) program and reverse mortgage division. Its direct relationships with Fannie Mae, Freddie Mac, Ginnie Mae and private investors afford Click n\u2019 Close direct access to the capital markets, thus ensuring maximum liquidity for its product innovations. By servicing its loan programs in-house, Click n\u2019 Close provides its wholesale and correspondent partners with an additional level of certainty regarding loan salability and superior borrower service over the life of the loan.<\/p>\n![\"DocMagic,](\"https:\/\/www.send2press.com\/wire\/images\/22-0517-s2p-docmagic-800x600.jpg\")
Image Caption: DocMagic, Inc.<\/em><\/p>\n