Burrow adds e-signature function to mortgage platform

Img

As well as allowing for the electronic signing of documents, speeding up application processes and helping to reduce the user of paper, the new functionality uses geo-location data and time stamps to help authenticate the identity of document signees.

It also provides digital read receipts to help with regulatory demands.

This follows Burrow adding two modules to its platform in late April this year.

Burrow founder Pradeep Raman comments: “Often application processes are delayed by complications in administrative procedures like signing documents. Such obstacles may include an individual with limited access to a printer or being unable to meet an agreed time and date for an appointment – both end up wasting the adviser and the customer’s time.

“E-signatures overcome these barriers and make the application process fast and easy. Following on from the pandemic, people are ready to embrace technology and use it to improve the overall mortgage process.”