EscrowTab

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.

Traction 6/10

Tempe, United States · HQ

Founded 201692K+ followers

Artificial Intelligence
Enterprise Software
Financial Technology
Legal Technology
Software Only

Updated 7 months ago

Funding

Raised to date

$5MRaised 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.

Funding rounds are not available yet.

Founders

2 founders

Brad Perry

Managing Partner & Founder

Kevin Cornwell

Visual Strategy Designer/Director, Entrepreneur

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