Stewart Information Services Company., a real estate services company, announced last week that it has completed Washington’s first-ever online notary fence.
Closing was done for a buyer traveling to Africa and unable to return home to complete the transaction in person. This traveler, rather than having to look for a notary at a US embassy, was able to complete the transaction online.
“Today’s consumers aren’t just mobile, they’re focused on convenience,” said Brad Rable, chief information officer for Stewart. “The new eClosing technology allows us to serve our consumers in multiple locations and time zones – and according to their availability. “
The operation used Cam’s Notary eClose360 program, which allows you to take out mortgages completely online.
“By using NotaryCam, we can close online transactions for consumers around the world, which essentially allows them to close, at a time that is convenient for them,” said Wyomia Clifton, senior president of the Northern States Stewart division. -Where is. “We have a very dynamic market in Washington, with leaders from large companies, such as Microsoft and Amazon, who travel frequently at home and abroad, making traditional closures difficult, delayed or impossible.
The company explained that although eClosing technology is only available in a few states, its underwriters continue to help it navigate these rapidly changing laws and regulations. The company explained that its goal is to eliminate the need to attend a closing in person.
In 2016, Radius Financial Group in partnership with DocMagic, the SEASloan register, Fannie Mae and Santander Bank to complete the long-awaited electronic mortgage. The group entered into six loans in a completely paperless process, using both lender and closing / settlement agent documentation, electronic notarization, electronic warehousing, and electronic note acceptance through the solution. eClosing from DocMagic.
Since, new states continue to announce their very first eClosings, alongside companies announcing their latest breakthroughs In the field.
But Stewart’s eClosing isn’t its only new digital ad; he also announced on Tuesday that the company’s services are now available through Ellie Mae’s Encompasses an all-in-one mortgage management solution.
The integration will allow lenders to order Stewart’s solutions directly from Encompass to improve the quality and efficiency of the loan origination process.
“Stewart and Ellie Mae are great partners and we look forward to continuing our long successful relationship,” said Bill Sullivan, Stewart’s senior vice president of the Commercial Lenders sales division. “Stewart’s dedicated customer service and secure and seamless integration with Encompass further simplifies and automates the mortgage process for Ellie Mae’s lenders.
