SigniaDocs and World Wide Notary have integrated their platforms to support e-signatures and e-notarizations for any mortgage document or document set. The integration of data, from the loan origination systems through MERS registration, aims to eliminate errors that otherwise might result from fragmented paper-based systems. The resulting blend of capabilities allows lenders essentially to avoid printing mortgage documents requiring signatures by borrowers, so mortgage transactions can remain electronic from start to finish. At the MBA Technology Conference in Las Vegas, SigniaDocs said that by using SigniaDocs' eVault, all documents that are traditionally "papered out" and reviewed during the closing process are now available in advance of closing. Borrowers can review and click-to-sign the majority of documents at their leisure and then the few that need to be e-notarized or witnessed by a notary are passed to World Wide Notary's DigaSign system to complete the documents through this partnership.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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