Pandemic Spotlights Importance of Remote Online Notarizations
Prior to our current situation where everyone is encouraged, or in some cases required, to stay at home except when conducting “essential activities”, the use of technology in mortgage closings had already taken a hold. Learn More
On March 26, 2020, the CFPB issued a press release that it is providing flexibility for financial companies during the pandemic period... Read More
Compliance Term of the Month
The closing of a loan by some electronic means, including borrower signatures and/or notary signatures, seal affixation and signature. An eClosing includes three hybrid variations where all but the following are eSigned: paper note, paper note and notary, or paper notary.
On April 1, 2020, Fannie Mae and Freddie Mac (the “GSEs”) issued additional guidance regarding the transition from LIBOR to SOFR ARM loans including eligibility, underwriting, and delivery requirements. Read More