EscrowTab is a paperless mortgage closing platform that utilizes In-Person Electronic Notarization (IPEN) to enable borrowers to sign documents electronically with their handwritten signatures, eliminating the need for physical paperwork. The platform streamlines the closing process for lenders and title agencies by providing fully automated document preparation, secure storage in an eVault, and compliance with eNote standards, enhancing efficiency and reducing operational costs.
Funding
$5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional mortgage closing processes involve significant paperwork, manual signatures, and physical document storage, leading to inefficiencies, increased operational costs, and potential delays for lenders and title agencies. Borrowers often find the process cumbersome and inconvenient.
Solution
EscrowTab offers a paperless mortgage closing platform leveraging In-Person Electronic Notarization (IPEN) to streamline the entire process. The platform enables borrowers to sign documents electronically with handwritten signatures on a tablet, eliminating physical paperwork. It automates document preparation using proprietary OCR and AI, securely stores documents in an eVault, and ensures compliance with eNote standards. This allows lenders and title agencies to implement eClosings without changing their existing workflows or requiring complex integrations.
Target Audience
EscrowTab primarily targets lenders and title agencies seeking to implement efficient, paperless mortgage closing processes while improving the borrower experience.
Features
- In-Person Electronic Notarization (IPEN) for capturing handwritten electronic signatures
- Automated document preparation with proprietary OCR and AI-powered auto-tagging
- eNote generation compliant with GSE and MISMO standards
- Secure eVault for storing and managing eNotes with auto-registration with MERS® eRegistry
- Intuitive eClosing interface with document organization, signature validation, and secure delivery
- Multi-option approach to eNote creation without lender intervention
- Automated document delivery and quality control features