Recently, First American Docutech produced an informative eClosing masterclass webinar hosted by HousingWire. The event focused on helping better clarify the eClosing process and how lenders can get started to enable the optimization of the closing process as the demand for mortgage loans shifts emphasis from refinance to home purchase.
March was a busy month for our compliance professionals. We saw a number of changes from the nation’s largest mortgage investors (FNMA and FHLMC) and a number of States. The changes are detailed below.
During the ICE Mortgage Technology Experience 21 online conference last week, First American, parent company of First American Docutech, sponsored Cocktails & Conversations with Astronaut & Space Thought Leader Leland Melvin. With the conference theme of “Together We Experience,” First American Docutech President Amy Brandt and Bob Hart, Vice President of Business Development for ICE, interviewed Melvin to help inspire attendees by offering a fresh perspective.
By the middle of the decade, digital mortgages will be the rule, not the exception. While the mortgage industry has been moving this way for more than a decade, the past year accelerated the evolution, and 2021 is poised to push lenders and consumers even further towards a fully digital mortgage.
A number of changes were identified by our compliance experts during the month of February, as detailed below. Remember that you will always be up to date, up to the minute, by following the posts in our compliance blog.
Remote online notarization is helping people plan for their future, buy homes from their couch, and replace lost or stolen passports in a fraction of the time. Connecting with a notary via your phone or computer has not only made the notarization process easier, but more accessible. Its adoption is one of the fastest enactments of public policy in our country’s history, shaping how technology can better support life’s biggest moments.
As we recap the document and compliance updates that occurred in January, we start with a reminder regarding the imminent change to the industry’s most used mortgage application document. If you have yet to begin your work in preparation for the new Uniform Residential Loan Application (URLA), now is the time and we’re here to help.
As 2020 came to an end, states and lenders were adjusting many loan documents to reflect end of year changes in the industry. These changes are incorporated into ConformX, to ensure that your documents are in compliance with state, federal and investor requirements.
As election season comes to a close, we saw the regulatory landscape and compliance landscape prepare for shifts and updates. Many states modified laws, which then required additional document changes on the First American Docutech front. These changes are automatically incorporated into ConformX, to ensure that your documents are in compliance with state, federal and investor requirements.
