Indiana and Tennessee have now joined Virginia, Montana, Texas and Nevada in adopting laws to allow notaries in these states to perform online notarization for real property transactions.
The Consumer Financial Protection Bureau (CFPB) and Meridian Title Corporation (Meridan) entered into a consent order settlement under the Real Estate Settlement Procedures Act (RESPA).
In my new white paper, “ONLINE CLOSINGS — A Guide for Mortgage Lenders & Title Agents” I discuss the current status of the law related to online notarization and some areas where the industry can work together to bring state laws into the modern age of technology for a fully paperless eClosing.
Online notarization technologies are unfamiliar to most of us and live under a patchwork of new state laws and regulations. In 2017, online notarization gained traction as a number of state legislatures introduced online notary bills.
Stewart is proud to congratulate leaders Dawn Lewallen, senior compliance counsel and senior underwriter, and Tara Smith, senior vice president and director of Agency Services, for being honored as HousingWire 2017 Women of Influence.
A ‘self-driving’ eClosing may mean a hybrid approach in your state, which enables providers to find unique, consumer-driven solutions for traditional real estate closings.
Advertising and marketing your title, closing and settlement financial services over social media is a great way to take reach a larger audience. Remember to take a closer look at what RESPA and your state laws require to ensure your compliance on social media platforms.
The en banc (before the entire bench) D.C. Circuit Court heard oral arguments this week in the PHH case. While fortune telling from oral arguments is a tricky business, there are a few things of interest.
Technology is constantly advancing and changing the way consumers, real estate professionals and lenders are thinking about real estate and the choices in the marketplace. There are incredible opportunities for title companies and closing attorneys to innovate and market the choice of a digital closing experience, in addition to the traditional table closing experience, to lead this change into the future.
The marketplace reality is that consumers expect a digital solution to improve their home buying experience. We must meet our customer needs and problem-solve a solution that allows real estate transactions to close electronically. A hybrid approach to e-Closing would allow the title and settlement industry to begin some form of e-Closings today while working with technology providers, Secretaries of State, county recorders and state legislatures to move the industry toward a full e-Closing in the near future.