Paul Anselmo: The Moment Has Arrived for Remote Closings

As the real estate industry eyes its way forward through a new era of social isolation, one of the most pressing challenges has become how to close loans safely. To be sure, the traditional loan closing has gone from a celebratory event that takes place in person between title agents, notaries and borrowers to a legitimate health hazard.

Paul Anselmo: The Moment Has Arrived for Remote Closings

As the real estate industry eyes its way forward through a new era of social isolation, one of the most pressing challenges has become how to close loans safely. To be sure, the traditional loan closing has gone from a celebratory event that takes place in person between title agents, notaries and borrowers to a legitimate health hazard.

Paul Anselmo: The Moment Has Arrived for Remote Closings

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.

Harry Gardner of Docutech on Remote Online Notarization Adoption

Harry Gardner is Executive Vice President of eStrategies with Docutech Corp. Since 2001 he has played a leading role in development, education and promotion of industry standards and guidelines for mortgage technology and eMortgages.

Harry Gardner of Docutech on Remote Online Notarization Adoption

Harry Gardner is Executive Vice President of eStrategies with Docutech Corp. Since 2001 he has played a leading role in development, education and promotion of industry standards and guidelines for mortgage technology and eMortgages.

Harry Gardner of Docutech on Remote Online Notarization Adoption

Harry Gardner is Executive Vice President of eStrategies with Docutech Corp. While at the Mortgage Bankers Association he helped lead and grow the efforts of MISMO and the eMortgage Workgroup for more eight years. After transitioning to private industry in 2009, he gained the industry perspective of the technology solutions provider, and continued his leadership role in MISMO, first as Chair of the Residential Governance Standards Committee and then as a member of the Board of Directors.

Fannie Mae, Freddie Mac Extend URLA Implementation Timeline

Freddie Mac and Fannie Mae announced yesterday they will extend the implementation timeline for the redesigned Uniform Residential Loan Application and automated underwriting systems to support the industry during the COVID-19 pandemic.