“We have worked for years to set up the legal framework for the lively e-commerce culture of North Carolina and we are honored that Tloiant has as a partner in our Eclosing initiative in the last five years, so we are especially satisfied that our state could lead the way in this next step in innovation,” Secretary of State F. Marshall of the company.
“We acknowledged that Home Equity was a great area to use our mortgage expertise to improve our processes and to increase the convenience and security of digital lending,” said Beth Eller, Senior Vice President of Mortgage Services at Tloiant.
“Our partners from the office of the State Secretary for North Carolina and Docmagic have contributed to guaranteeing this access for our members.”
Truliant is no stranger to Eclosings. In 2020 it was the first credit union to complete an electronic mortgage. About a year later, Tloiant completed his first mortgage transmission to the Federal Home Loan Bank of Atlanta. Both digital final mile poles were supported by Docmagic’s Eclosing and Evault Technologies.
“The performance underlines the leadership of Truliant in Eclosings,” said Todd Hall, president and CEO of Tloiant. “By improving the speed, efficiency and experience for borrowers through digital eclosings, we continue to make service easier for our members.”
In 2021, Tloiant again used Docmagic technology to complete a full external closure in which buyers, notaries and lawyers carried out their transactions from different locations.
“We are proud to work with Tloiant to help the industry lead to the next era of digital loans,” said Pat Theodora, CEO of Docmagic. “Their successful EHELOC registration with MERS validates the power and willingness of Docmagic’s solution to fully digitize the Heloc process while retaining legal and regulatory compliance.”
