The first Level II electronic mortgage document has been recorded in Minnesota, according to U.S. Recordings, St. Paul, Minn.The company said the Minnesota Real Estate Electronic Recording Task Force established the guidelines for various levels of document recordings. Level II electronic recording includes documents that are generated in paper form, signed and notarized with a wet signature, then scanned and sent in electronic form to the county along with indexing data. To date, six counties in the state are approved in an ERER Task Force pilot to receive Level II electronic documents: Clay, Dakota, Martin, Renville, Scott, and Wabasha counties. Dakota County Recorder Joel Beckman said the Level II submission of a mortgage by U.S. Recordings "was seamless and efficient, and we hope that electronic recording will continue to expand." Dakota County operates with Fidlar software to receive documents from U.S. Recordings.
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The ex-worker who was terminated for unprofessional conduct has allegedly disparaged the brokerage and is refusing to return loan files and leads.
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A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
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Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
August 11 -
A record percentage of homeowners renewing their insurance policy saw their fee decrease, up from 7.4% last year, according to Matic's mid-year trends report.
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The new Stratmor study sizes up a part of the business that has become an acquisition target and examines what players who use third parties to service want.
August 11 -
The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
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