Tag Archives: eClosings

An upcoming webinar presented by the Five Star Institute and DocMagic will focus on adopting an all-digital mortgage lending process while addressing concerns and building rapport with borrowers during the transition.

From how they utilize technology to the psychological effects of limited human interaction, mortgage industry professionals and real estate agents helped researchers understand how a widespread health crisis is influencing the industry.

The mortgage landscape is changing. As eMortgages become the norm, here’s how impacts will be felt from closings all the way through to the mortgage-backed securities sector.

“Making the process digital is the ultimate way to serve our customers at the highest levels of transparency, efficiency and ease of experience,” said Carmen Sherman, COO of Member First Mortgage.

According to the CFPB, eClosings were chosen as a solution to address some of these pain points. Electronic mortgage closings rely on technology for borrowers to view and sign closing documents.

In an effort to create a more consumer-friendly environment, the Consumer Financial Protection Bureau (CFPB) has announced a new pilot program, centered specifically on gathering data from partners using electronic closings (eClosings) to complete mortgages.

Stewart Title announced Monday the first electronically closed FHA loan in partnership with Mountain America Credit Union. The companies joined to offer customers an eco-friendly and enhanced closing experience with eClosings.