Tag: MISMO

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.

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.

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.

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.