Like any changing model, eClosings can be done via several hybrid methods, but a fully digital mortgage is exactly that: applying for, getting approved, and completing paperwork for a paperless mortgage done 100% online. Even old money is coming around as the benefits of a digital mortgage far outweigh the potential risks; And once researched, most concerns are easily assuaged.
Digital mortgages remove the added costs of locating and sourcing closing agents/ They make the job of a loan officer easier and more organized; Reducing the amount of people involved in each transaction reduces the potential for errors. As does recording the session itself and storing it for ten years.