Finance Articles

Discount Mortgage Company Going Green

Wilmington, NC (PRWEB) April 11, 2008 -- AAXA Discount Mortgage, a national mortgage broker that conducts business in 26 states, is working with leading wholesale mortgage lender, AmTrust Mortgage Banking, to promote the lender's new eSign? program. This technology helps to reduce the amount of paperwork needed during loan closings by allowing for electronic signatures in place of traditional "wet" signatures. The program seeks to reduce paper waste and physical storage demands while streamlining the transaction for borrowers, settlement agents, brokers, and the lender.

"Paperless mortgage technology was just a matter of time. We are thankful for the opportunity to work with AmTrust and help with this initiative," said Brian Mitchell, V.P. of Operations at AAXA. "As a company we strive to protect our clients' interests at all times and saving trees, reducing costs, and lowering energy consumption is in everyones' best interests. When you think about it, eSign? benefits every party involved in a transaction. Some settlement agents may be leery of this new process but once everyone has had a couple of closings under their belts, the benefits will be obvious. It's about time that someone took the initiative to move paperless mortgage lending forward and we are proud to be part of the movement. Anyone who has taken out a mortgage will no doubt remember the stack of paperwork they had to sign. If every lender made strides to provide this type of program, we would be doing the earth and our wallets a big favor."

About AAXA Discount Mortgage

AAXA Discount Mortgage has been offering its clients some of the lowest mortgage rates and closing costs in the Nation since 2000. AAXA conducts business in twenty-six states and is headquartered in Wilmington, NC. The company also has full service offices in Arizona, South Carolina, and Texas. AAXA uses state-of-the-art technology to simplify the lending process and drive down the cost of home financing. The company works with some of the Country's largest and most progressive wholesale lending institutions to ensure that its customers have access to some of the most competitive pricing and programs in the marketplace. Product offerings include traditional conventional financing such as 30 year mortgages and 15 year home loans, as well as, interest only loans, adjustable rate mortgages, jumbo loans, lot loans, VA loans and USDA rural housing loans.

For more information on AAXA Discount Mortgage, visit www.forthebestrate.com

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