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Wed, April 18, 2012
[ Wed, Apr 18th 2012 ] - Market Wire
Lac Dore Update

eFax(R) Helps Mortgage Providers Close Deals More Efficiently


Published on 2012-04-18 05:46:22 - Market Wire
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April 18, 2012 08:38 ET

eFax® Helps Mortgage Providers Close Deals More Efficiently

Online Fax Service Enables Lenders to Complete Customer Refinance Applications More Quickly

LOS ANGELES, CA--(Marketwire - Apr 18, 2012) - The mortgage industry is expecting an influx of new loans -- [ industry estimates ] note that as many as 6.9 million borrowers could fit the new "Harp 2.0" broad requirements for refinancing fixed rate loans. For mortgage brokers, the [ regulation changes ] could mean an onslaught of customers and applications to process.

With additional business, however, comes more paperwork. eFax®, a provider of online fax services since 1995 and a brand of j2 Global, Inc. (NASDAQ: [ JCOM ]), understands the importance of handling the complicated loan documentation efficiently and offers many features and benefits that may help process mortgage loan and refinance applications more quickly.

"As a busy mortgage professional, I'm always on the go, meeting with clients and potential lenders, and this time of year has only increased the number of my responsibilities. With eFax, I never have to worry about missing any confidential documents," said Mike Trenkle, owner of MK Mortgage. "I can send and receive faxes from anywhere, which helps me to stay on top of important deals and paperwork."

To streamline the workflow process, eFax features and benefits include:

  • Keep an audit trail -- eFax offers unlimited lifetime storage and securely archives faxed documents online, providing an easily accessible digital audit trail. This not only improves accountability by helping lenders comply with regulations, but allows for a more organized document management system. Documents, which can be digitally stored on secure file servers, can be retrieved at anytime from anywhere.

  • Simplify the search for the right document -- Instead of wasting time manually searching through file folders stuffed with applications, forms and signed papers, eFax incorporates search tools into faxed documents. Queries include specific names, topics, or other keywords to find a document or group of documents. Processing time can be drastically reduced by moving from paper to eFax. To learn more about how to tag and search faxes please watch this [ YouTube video ].

  • Protect confidential data with encryption -- eFax offers secure encryption alternatives to traditional fax machines. This means no more confidential faxed documents sitting next to a fax machine. Instead, with eFax Secure™, faxes are encrypted and stored as a TIFF or PDF in a secure inbox.

  • Share large files -- In today's electronic world, businesses are often slowed down by file size constraints and attachment issues when sending and receiving information by email. This is no longer the case with eFax. An added benefit for paid accounts is the capability to reliably and securely upload and share files well over 5MB (up to 1 G) to any email address without bounce-backs or failed send attempts. For a video on sharing large files with eFax, please visit [ this page ].

  • Take notes without pen or paper -- eFax offers the ability to annotate faxes online. There is no printing or marking up contracts in the margins and then scanning or re-faxing with a traditional machine.

  • Digitized signature -- Using a digitized signature means you don't have to print, sign and scan to move a document forward. Documents that need a signature can be faxed to a user's eFax account to add a digitized signature in a snap. The approved document can then be sent along via email or fax. Please watch [ this video ] for a tutorial on eFax digitized signature.

The above eFax features can help mortgage brokers complete transactions more swiftly and expedite new Harp 2.0-related refinanced loan applications. For a free trial of eFax please visit [ www.efax.com/Free-Trial ].

The eFax branded service is a pioneer in the fax business, with a string of technology and business firsts dating back to 1995. Individuals and small businesses can learn more about sending and receiving faxes online at [ www.efax.com ]. For medium to large businesses with 10 to 10,000 employees or high volume faxing needs, more information is available at [ www.efaxcorporate.com ].

About eFax®

eFax is a brand and registered trademark of j2 Global, Inc. (NASDAQ: [ JCOM ]) and is online at [ www.efax.com ].

About j2 Global™

j2 Global (NASDAQ: [ JCOM ]) provides cloud services for business, offering Internet fax, virtual phone, hosted email, email marketing, online backup, unified communications, and CRM solutions. Founded in 1995, the company's messaging network spans more than 49 countries on six continents. j2 Global markets its services principally under the brand names eFax®, eVoice®, FuseMail®, Campaigner®, KeepItSafe®, and Onebox®. As of December 31, 2011, j2 Global had achieved 16 consecutive fiscal years of revenue growth. For more information about j2 Global, please visit [ www.j2global.com ].