He said: “Reaching that one million milestone is so important, and it shows what’s possible in our industry by taking an ‘eClosing’ system to a scalable platform.”
In a statement, the company acknowledged how social distancing had “sped up the mortgage industry’s adoption of digital tools”, while Hughes added that the knock-on effect of the pandemic had highlighted the need for this type of service.
He said: “I am not sure if the pandemic created another way of doing things, but it allowed a lot of regulators, lenders or even the clients themselves to recognize that there’s a better way to get these closings done.”
To coincide with the news, Amrock also released an infographic, claiming it had significantly reduced its carbon footprint on the way to achieving the eClosing record.
Hughes, however, dismissed suggestions that it could be viewed as an example of corporate ‘greenwashing’, saying it was a “win-win” result.