Remote online notarization is the critical component to the industry’s realization of a truly 100% paperless, fully remote, no-touch mortgage closing. In the journey to deliver a digital lending experience, the offering and acceptance of RON completes a transformation that promises to provide benefits to lenders and the borrowers they serve.
Category: News and Trends
Roby Robertson of LoanLogics: Ignoring Income Defects Could Spell Disaster
Back in 2015, Tesla CEO Elon Musk famously promised that self-driving cars would be a common sight on American roadways within the next three years. He wasn’t alone—Nissan and other automakers thought fully autonomous vehicles would arrive by 2020.
MBA Weekly Applications Survey May 4, 2022: Applications Increase
Mortgage applications increased 2.5 percent from one week earlier, according the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 29.
JOLTS Report: Record Quits, Job Openings
The number of U.S. job openings reached a series high 11.5 million on March’s last business day, the U.S. Bureau of Labor Statistics reported Tuesday.
CoreLogic Reports U.S. Annual Home Price Growth Exceeds 20% in March
CoreLogic, Irvine, Calif., said U.S. home prices continued to post significant year-over-year gains in March, up by 20.9%, another record high.
Grandbridge’s Marcy Thomas Talks CMBS, DEI and CCMS
MBA NewsLink interviewed Marcy Thomas, Vice President and Portfolio Loan Manager with Grandbridge Real Estate Capital LLC, about CMBS servicing, DEI, the upcoming Commercial/Multifamily Finance Servicing and Technology Conference and what the CCMS designation means to her.
Dealmaker: Madison Newbond Lends $72M for Sonoma, Napa Valley Hotels
Madison Newbond, New York, originated a $72 million loan to Stratus Development Partners for two newly built hotels in Sonoma and Napa, Calif., operating under the Cambria brand.
News Briefs From ATTOM, First American Financial Corp.
ATTOM, Irvine, Calif., launched the ATTOM Rental AVM (Automated Valuation Model). The new software, built from the foundation of the company’s nationwide property database, provides rent estimates for more than 72 million single-family residences nationwide.
FHFA Announces Mandatory Supplemental Consumer Information Form Use
The Federal Housing Finance Agency announced Fannie Mae and Freddie Mac will require lenders to use the Supplemental Consumer Information Form as part of the application process for loans that will be sold to the Enterprises.
MBA Secondary & Capital Markets Conference & Expo in NYC May 15-18
The Mortgage Bankers Association’s Secondary & Capital Markets Conference & Expo returns to the Marriott Marquis in Times Square, New York City, from May 15-18.