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MISMO searches for participants for closing initiative

Housing Wire

The Mortgage Industry Standard Maintenance Organization (MISMO) announced last week that the organization is looking for participants for an initiative focused on standardizing pre-closing title document data sets. MISMO hopes that the initiative will streamline the business process and improve the efficiency of the closing process.

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Reverse mortgage originator: real estate CE helps close more purchase loans

Housing Wire

Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business through the use of continuing education (CE) classes designed for licensed real estate agents. Curtis Mangus.

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Lone Wolf launches new tools designed to help buyer agents

Housing Wire

The real estate software company is launching a “Buyer’s Agent Club” that is designed to assist agents in navigating an uncertain time in the industry through resources, tools and training. The settlement closed a major class-action antitrust lawsuit over buyer agent compensation offers on MLSs owned by Realtor associations.

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Margin compression could serve as accelerant toward digital closings

Housing Wire

“In 2021, the potential for margin compression could serve as yet another accelerant towards digital mortgage closings as lenders seek to improve capital efficiency and offer a more competitive experience to borrowers.”. Martin: COVID catalyzed digital mortgage closings by creating a renewed sense of urgency.

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How DocMagic is helping accelerate digital closings

Housing Wire

The company’s powerful, end-to-end eMortgage technology is available via an intuitive interface that can be deployed quickly, and the company prides itself on its highly consultative approach designed to make the transition as easy as possible. The company quickly grew to offering custom form design and software.

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Virtual notary adoption surges as businesses rush to close transactions remotely

Housing Wire

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. A signer such as a customer closing on a loan appears before a notary on a video call and they complete, sign and notarize the document, he said.

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Remote online notarization is the proper path forward for digital closings

Housing Wire

One area in the mortgage and real estate industry that has been evolving for nearly two decades is digital closings. Much like efforts to achieve full self-driving vehicles, the road to achieve full digital closings has been bumpy. Prior to the pandemic, ALTA and MBA saw a need to develop model RON legislation. History of ‘e’.

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