If our industry has been slow to adopt an online remote closing process, we certainly have good reason to speed things up now. But remote closings are not a simple endeavor. While remote online notarizations, or RONs, are now legal in about three-quarters all U.S. states, many disparate parties and processes must work together in order to make adoption a reality. Many loan aggregators and investors aren’t fully prepared to buy RON deeds either, or even eNotes, for that matter.
Category: News and Trends
People in the News
Davis Wright Tremaine, Washington, D.C, announced Chava Brandriss joined its Banking and Financial Services Team as a partner in its D.C. office. She represents banks, mortgage lenders and servicers in class actions, mass claims, appeals and large portfolios of individual lawsuits.
Tom Millon, CMB, of Computershare on Technology and Building Efficiencies
Tom Millon, CMB, serves as CEO of Computershare Loan Services US, Ponte Vedra Beach, Fla., including Specialized Loan Servicing, Credit Risk Solutions, Capital Markets Cooperative, LenderLive Network and Property Solutions. He founded Capital Markets Cooperative in 2003 and is a recognized author, frequent speaker and expert in mortgage finance.
Nancy Alley: eClosing Best Practices, Part III: Navigating the Complexities of Settlement Agent and Notary Support
Lenders must have a clearly defined eClose strategy for supporting agents and notaries that includes the overall ease of use of the technology, methods for keeping agents informed and how to optimize support and training for their agents and notaries.
MISMO Announces Certification Program for Remote Online Notarization
MISMO®, the mortgage industry’s standards organization, announced a new Remote Online Notarization certification program for RON providers and mortgage industry participants.
FHFA: GSEs Will Purchase Qualified Loans in Forbearance
The Federal Housing Finance Agency said it would approve purchase of certain single-family mortgages in forbearance that meet specific eligibility criteria by Fannie Mae and Freddie Mac.
Online Home Shopping Activity Up—Way Up
Reports from Zillow, Seattle, and Redfin, Seattle suggest prospective home buyers are adapting to the Age of Coronavirus by significantly upping their online searches and tours.
Home Prices Rising Despite Coronavirus
Several reports this week suggest despite the crippling effect the coronavirus has had on the spring housing market, home prices continue to increase.
Black Knight ‘First Look:’ March Delinquencies First Sign of Coronavirus Impact
March is usually the strongest month of the year for mortgage performance, says Black Knight, Jacksonville, Fla. Not this year.
People in the News
Davis Wright Tremaine, Washington, D.C, announced Chava Brandriss joined its Banking and Financial Services Team as a partner in its D.C. office. She represents banks, mortgage lenders and servicers in class actions, mass claims, appeals and large portfolios of individual lawsuits.