Docu Prep Inc. and Xerox Mortgage Services have integrated their joint services to enable lenders to incrementally implement full electronic processes. Docu Prep's EESS (short for Entire Electronic Signature Solution) provides e-disclosure, e-signature, e-modifications, e-closing, and e-vault services. This technology combines with the BlitzDocs collaborative network allowing lenders to enter the electronic world where they want to and gradually expand out to doing full e-closings. The service can be used for something as simple as allowing the borrower to e-sign a disclosure or it can allow the lender to open the electronic signing room as 'view only' to closing agents or attorneys, and makes a seamless transfer to the e-vaulting services, including MERS.
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Bill Pulte, FHFA director, has ordered Fannie Mae to update its servicer guide to mirror Freddie Mac policy regarding notifying borrowers about dropping MI.
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Seven of eight offices are open; debit cards are capped at $1,000 a day; and the bank's website is down. The bank has given no restoration date.
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It will be a promotion for Jones, currently the deputy assistant secretary for single-family housing at the Department of Housing and Urban Development.
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The Federal Housing Administration share of August new-home purchase applications hit its highest mark in three months, the Mortgage Bankers Association said.
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While Federal Reserve Chair Kevin Warsh has sought to inject some mystery into the central bank's communications with markets, an American Banker analysis shows that officials other than the chair have been speaking more and more frequently over the last few decades.
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Anxieties over AI drew attention from Democrats and Republicans during Treasury Secretary Scott Bessent's testimony at the House Financial Services Committee.
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