In today’s lending market, eClosing is the fundamental component to providing a true digital mortgage. Now, with the availability of integrated eClosing solutions, combined with the growing investor acceptance of eNotes, Lenders are making the investment in eClosing platforms to deliver a truly optimized and convenient mortgage experience.
June saw a number of changes handed down by various government agencies, investors and one state government, some of which may result in changes to our system or document library. The details are here in our monthly compliance update blog post. To stay up to the minute, you can always find compliance information on our compliance blog.
We saw several states completing the lawmaking process in May, which may result in some changes to our system or document library. The details are here in our monthly compliance update blog post. You can always find up-to-the-minute compliance information on our compliance blog. Subscribe to the blog to be among the first to learn about all the industry’s most important compliance news.
In this three-part blog series, we’ve spotlighted key indicators that the mortgage lending industry is adopting digital mortgage processes at an accelerating pace. The first blog focused on the increasing usage of digital mortgage application platforms. The second post took a closer look at the rapid eNote adoption we’re seeing in the market today.
In a previous post, we discussed increasing use of digital mortgage application platforms as the first of three indicators that digital mortgage adoption is accelerating. In this post, we will look at the second key indicator: the rapid adoption of eNotes.
While mortgage purchase origination dollar volume is down, application volume hit its highest level in 9 years last month due to dips in interest rates combined with wage gains and home price deceleration.
Each month, lenders must handle new regulations and updated interpretations of existing rules. Even now, TRID continues to provide complex issues for compliance offices. Senior Regulatory Compliance Specialist Timothy Raty peeled back a few more compliance layers with an in-depth article on one of the more intriguing conundrums of TRID. His piece rounded out a month that saw numerous document updates changes as well as investor compliance news.
We sat down with Rich Gagliano, President, Origination Technologies for Black Knight, to spotlight the importance of collaboration, the growing need for Automated Intelligence and the new innovative technology they are introducing.
Are you ready for the new URLA? Starting July 1, 2019, both Fannie Mae and Freddie Mac will begin the optional use period of the redesigned Uniform Residential Loan Application (“URLA”) published jointly by the Government-Sponsored (“GSEs”). Starting February 1, 2020, all loans with an application date on or after February 1, 2020 and purchased by Fannie or Freddie must contain the redesigned URLA.
