Servicers should take a page from an originator’s playbook

Originally published by HousingWire // July 26, 2022 The digital revolution has changed the game in mortgage lending over the last few decades, resulting in a rise in digital operations such as online applications and eClosings. While digital strategies have focused primarily on origination, mortgage servicing can take a page or two from origination’s playbook to…

  • By jack

  • 27 July, 2022

NY State of Mind

Great news – The Governor of New York, Kathy Hochul, recently signed off on remote online notarizations (RON), officially making it the 39th state to allow for their licensed notaries to perform live RON transactions. The only downside to this is I lost my bet that New York would be the last state to move…

  • By jack

  • 28 March, 2022

It’s Time for a New Definition of Equity

Originally published in MBA NewsLink // March 21, 2022 It’s not often that society as a whole collectively agrees to assign a word to describe an entire year, but that’s exactly what we did in 2020 with the word “unprecedented.” However, the mortgage industry more aptly seemed to agree to assign the word “historic” to…

  • By jack

  • 21 March, 2022

Worried About RON Storage? Stream It

Originally published in MBA NewsLink // November 21, 2021 With every new technological advancement and update, there will be early adopters, latecomers, and questions about how innovation will alter the status quo. One of the most powerful examples of this was the shift in the early 2000s in how consumers bought and listened to music….

  • By jack

  • 12 November, 2021

RON: The mortgage industry’s Field of Dreams

In August 2021, Major League Baseball made a lot of dreams come true by building a baseball field in a cornfield and then having the Yankees and White Sox play an actual game. Much like Field of Dreams, remote online notarization has seen its own “If you build it, they will come” moment begin to…

  • By jack

  • 29 October, 2021

Proven a 2020 Best-Practice, RON Poised for Standard Operating Procedure in Mortgage Closing

Originally published in MBA NewsLink // June 23, 2021 Long drilled into our high-performance psyches as a positive attribute, some say multi-tasking has had its day and been found wanting. Neuroscientists now tout single-tasking as up to 500% more productive than multi-tasking, with leadership consultants and ordinary working folk confirming in practice. Even our fast-paced,…

  • By jack

  • 23 June, 2021

Why is hybrid closing still a thing?

If COVID-19 was the No. 1 topic of conversation amongst real estate professionals in 2020, remote online notarizations was arguable No. 2, like lenders, title/settlement agents, and real estate agents all scrambled to keep their pipelines moving in the face of social distancing requirements and/or stay-at-home orders. As the pandemic extends into 2021, much remains…

  • By jack

  • 14 April, 2021

For Immediate Release: Attorney-facilitated online closings

Real estate agents enamored by Federal Title’s new attorney-facilitated online closings Customers of the D.C.-based title company don’t have to sacrifice quality experience of in-office attorney closing when opting for convenience of remote online closing Washington, D.C. (November 2, 2020) – Federal Title & Escrow Company, an independently owned title company in the Capital Region with…

  • By jack

  • 10 November, 2020

Impediments to Interstate Commerce Eliminated by Passage of The Secure Notarization Act

Originally published in MBA NewsLink // October 19, 2020 By: Rachael Sokolowski and Rick Triola What ever happened to Senate Bill 3533, the Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2020 (the “SECURE Act”), bipartisan legislation to authorize and establish minimum standards for electronic and remote notarizations (RON), which was introduced in…

  • By jack

  • 19 October, 2020

The lack of RON standardization creates industry confusion

The need for nationwide remote online notary standards becomes more apparent each day. Because RON laws are passed at the state level, each state has a different law, and those laws are interpreted differently from company to company and across state lines. The lack of RON standardization not only results in confusion surrounding the notarial…

  • By NotaryCam

  • 30 September, 2020