First Houston Mortgage Originates Fully Electronic Loans with Encomia eMortgage Solution

June 4, 2007

HOUSTON --Encomia, a provider of end-to-end eMortgage technology, announced that Houston-based First Houston Mortgage Corp. has successfully launched its eMortgage solution, enabling fully electronic mortgage origination.

With full, in-house mortgage banking services, First Houston Mortgage implemented Encomia’s eMortgage solution as a comprehensive tool kit for the creation of SMART Docs, electronic signature capability and secure document archival. Using Encomia technology, the loans are stored in the electronic vault of Horesham, Pa.-based GMAC Bank. Through the elimination of manual processing, First Houston Mortgage gains a significant efficiency advantage over its competitors.

The solution enables First Houston Mortgage to alleviate dependency on communication and document transfer via telephone and fax, enabling faster processing of loans. In addition, eMortgage software prevents errors and allows for timely document review by providing a communication platform between the mortgage company, buyer and title agency.

“We share a strong vision with Encomia to increase efficiency within the mortgage industry as a whole and provide cost efficient loans to customers through electronic origination of mortgages,” said David Zugheri, president of First Houston Mortgage.

“With the Encomia eMortgage solution, we can reduce labor costs associated with manually processing loans for the benefit of the customer.”

Source: Encomia


Contact ALTA at 202-296-3671 or communications@alta.org.

North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents. SoftPro is the nation's leading provider of closing and title software, consistently pushing the technological envelope to pioneer the most powerful and comprehensive closing and title automation software on the market. SoftPro's Award-Winning Software combines cutting-edge technology with outstanding support to make your business more productive, efficient and boost your revenue.