12.03.19

MERS eRegistry Secured Party Field Now Supported on Solex eVault

While automating the mortgage experience for consumers is a top priority in the industry, true success in adopting eMortgages includes creating the tools to support electronic workflows post-closing as well. These tools must not only ensure security and privacy, but make it easy to store, transfer and access closed eNotes.

To provide a more secure eVault experience for interim funders like warehouse lenders and secured parties like the Federal Home Loan Banks, MERSCORP Holdings, Inc., the parent company of Mortgage Electronic Registration Systems, Inc. (MERS), has launched the MERS eRegistry Secured Party and Secured Party Delegatee fields.  These new Rightsholder fields enable those parties to better identify their security interests in electronic promissory notes.

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11.15.19

Mortgage Bankers Association’s Annual Show Recap

MBA’s  annual convention is the largest and most content-packed mortgage industry conferences of the year. This year’s event in Austin, Texas, was no exception.

For those of you who may have missed the conference, key themes were eClosing and the increasing the acceptance of eNotes, economic trends and secondary market issues.

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11.07.19

October Compliance Roundup: URLA, Regulation Z, and California Privacy Laws

October saw several national and state rules and revisions announced, many of which go into effect in early 2020. In addition to an update to Regulation Z, Fannie Mae continued to provide minor updates to the URLA. However, lenders still do not have a timeframe for implementing the new applications and forms. In addition, California confirmed the details of its privacy law, which goes into effect in January. This law could impact some loan documents, so see below for additional details.

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10.29.19

Spotlight: NotaryCam, Industry Leader in Remote Online Notarization

Earlier this week, Docutech announced an integration with NotaryCam that will enable borrowers to execute a complete RON eClosing ceremony in Docutech’s Solex eClosing platform by remotely connecting to the other parties (the eNotary, the closing agent, an attorney, etc.) via NotaryCam’s virtual audio/video connections. 

We sat down with Rick Triola, Founder and CEO of NotaryCam, to spotlight their mission in creating a more widely accepted and regulated RON process, the future of the industry and the benefits of adopting a RON solution.

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10.24.19

eClosing Insights for Investors Webinar: Foundations of eClose, Requirements, and Getting Started

We recently hosted an eClosing for Investors webinar to help bring clarity to the subject of mortgage eClosings.  Docutech EVP of eStrategies Harry Gardner was joined by experts from Fannie Mae, MERS and Simplifile to discuss the foundations of eClosing, the state of the industry today, investor eClose requirements and how investors can get started. If you missed the live webinar, we encourage you to watch it at your convenience.

Watch eClosing Insights Webinar

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10.04.19

September Compliance Roundup: Taxpayer First Act, Md. Code Regs. 09.03.06 and Document Changes

September was a relatively quiet month from a rulemaking perspective. Only one state made changes to its regulations during the month that went beyond document changes. We saw nothing new from government agencies or investors.

We did make a few changes to our document library in September. Details are below. Remember that you will always be up to date, up to the minute, by following the posts in our compliance blog.

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09.26.19

The State of Remote Online Notarization Today

Remote Online Notarization, or RON, is one of the most exciting developments in the eClosing world in recent years. There are a few common misconceptions surrounding RON, and depending on who you talk to, it might be the greatest thing since sliced bread, or a flash in the pan that will never really catch on. Here we will explain the latest developments, the pros and cons, and the current reality of RON eClosings.

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09.19.19

Digital Mortgage Conf 2019: eClosing solutions

Leading into the upcoming Digital Mortgage Conference, positive momentum in the mortgage industry is helping to fuel increased excitement and investment in platforms aimed at making a true end-to-end digital mortgage a reality. Thanks in part to lowered interest rates driving heightened consumer demand coupled with improved operational efficiency, lenders are optimistic about profit margins, with 53% of those recently surveyed expecting an increase.

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