Get the Most out of Your LOS with Egnyte Integration

Document management is a critical aspect of any loan origination process. Proper document management helps to ensure that all necessary information is collected, organized, and securely stored throughout the lending process. In this blog post, we will explore how Egnyte, a cloud-based file storage and sharing platform, can be used with SkopeLend LOS to help lenders manage documents more efficiently and effectively.

Getting started with Egnyte and SkopeLend

Before we dive into the specifics of how Egnyte and SkopeLend can work together, it’s important to understand what each platform brings to the table. Egnyte is a cloud-based file storage and sharing platform that allows users to store and access files from any device with an internet connection. SkopeLend, on the other hand, is a loan origination software (LOS) that helps lenders manage the loan application process from start to finish.

One of the key advantages of using Egnyte with SkopeLend is that it allows non-salesforce users, such as internal and external auditors, to access client documents securely. With Egnyte’s permission-based access, lenders can control who has access to loan documentation, making it easy to share files with auditors while ensuring that sensitive information remains confidential. This makes it easier for lenders to comply with internal policies and external regulations, ultimately helping to ensure that their lending practices are transparent and compliant.

By integrating Egnyte with SkopeLend, lenders can streamline their document management processes, making it easier to collect and organize the necessary documentation for loan applications.

Integrating Egnyte with SkopeLend

The integration of Egnyte with SkopeLend is a simple process that can be completed in just a few steps. Here’s how to get started:

Step 1: Enable the Egnyte integration in SkopeLend

To begin using Egnyte with SkopeLend, you’ll first need to enable the integration. Reach out to your SkopeLend account manager and they’ll help guide you through following the prompts to enter your Egnyte account information and authorize the integration.

Step 2: Create document templates in SkopeLend

During your SkopeLend LOS implementation, you’ll provide document templates to the SkopeLend team and they’ll load them to the platform and wire them for automated generation and e-signature (with any of the major e-signature providers) with the click of a button.

Step 3: Associate document templates with Egnyte folders

Once your document templates are created, you’ll need to associate them with Egnyte folders where the documents will be stored. This can be done by navigating to the “Egnyte Folders” section of the SkopeLend dashboard and selecting “New Folder.” From there, you can create a folder for each document template and associate it with the corresponding SkopeLend document template.

Step 4: Collect and organize documents in Egnyte

With your document templates and Egnyte folders set up, you can now begin collecting and organizing documents in Egnyte. As applicants provide the necessary documentation, it can be uploaded to the corresponding Egnyte folder and automatically synced with SkopeLend.

Step 5: Monitor document status in SkopeLend

Finally, as documents are collected and uploaded to Egnyte, you can monitor their status in SkopeLend.

Benefits of using Egnyte with SkopeLend

By using Egnyte with SkopeLend, lenders can enjoy a number of benefits, including:

  1. Streamlined document collection: By using standardized document templates and associated Egnyte folders, lenders can more efficiently collect the necessary documentation from loan applicants.
  2. Improved organization: By storing documents in Egnyte, lenders can better organize and manage loan documentation, reducing the risk of lost or misplaced documents.
  3. Enhanced security: Egnyte offers robust security features, including end-to-end encryption and permission-based access, which helps ensure that loan documentation is kept secure and confidential.
  4. Increased collaboration: With Egnyte’s collaboration features, multiple team members can work on the same document simultaneously, streamlining the review and approval process
  5. Mobile accessibility: Because Egnyte is cloud-based, loan documentation can be accessed from anywhere with an internet connection, making it easier for lenders to work remotely or while on the go.

Egnyte and SkopeLend make for a powerful combination when it comes to loan document management. By using standardized templates and Egnyte’s cloud-based file storage and sharing platform, lenders can streamline the document collection process, improve organization and security, and increase collaboration among team members. With these tools at their disposal, lenders can more efficiently manage loan applications, ultimately providing a better experience for both borrowers and lenders.