ENVOY GRANTED GREEN MORTGAGE LENDER AWARD
OCTOBER 27, 2010 - HOUSTON. Envoy Mortgage was recently awarded the Green Originator Award by Mortgage Technology magazine for its electronic, paperless loan origination process at the 12th Annual Mortgage Technology Awards 2010 at the Mortgage Bankers Association’s 97th Annual Convention & Expo 2010 in Atlanta. The award is granted annually to a mortgage lender that uses technology to create efficiencies, both from a business perspective as well as to help the environment.
“We owe the prestigious award to all the pioneers at Envoy Mortgage,” said David Zugheri, EVP, Marketing, Envoy Mortgage. “The paperless road was not paved when we started this endeavor in 2004. Perfecting it required hard work and more importantly, faith in the system that it would pay off. We truly believe it did.”
Envoy Mortgage’s technology includes a complete, paperless origination platform. The company also provides customers an online application for customers and e-signature capabilities.
Since 2004, when Envoy Mortgage began electronically originating loans, it has completed 25,331 paperless files. The efficiencies realized have saved more than 10 million sheets of paper (each file generates 400 pieces of paper); more than 50,000 overnight deliveries (each file would have been mailed two times using overnight delivery services); and 7,000 gallons of fuel over the 80-month period (because employees can work remotely using the technology to originate loans instead of coming into the office to work on paper files).
“The award came to us naturally from many different angles,” said Ken Weislak, EVP, National Production, Envoy Mortgage. “Our system certainly provides tremendous cost savings and ease of use. It also helps the environment, which is a win-win for all of us.”
Web Link to Award
ENVOY MORTGAGE LISTED ON MORTGAGE TECHNOLOGY’S TOP 25 TECH-SAVVY LENDERS