MORTGAGE INDUSTRY BLOG

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County recorders, eRecording, and RON—by the numbers

Posted by Pauline Vu on 07/08/2020

At DocMagic’s May 27 webinar, “Road-Tested eClosing Strategies for Today,” Ben Sherman, president of real estate recording services firm Synrgo, shared some surprising facts and numbers about county recorders and electronic closings.

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Happy National ESIGN Day! 5 facts you didn’t know

Posted by Pauline Vu on 06/30/2020

Twenty years ago today, President Clinton signed into law the Electronic Signatures in Global and National Commerce (ESIGN) Act, which declared that electronic signatures are as legally binding as wet signatures. And ten years ago today, Congress honored that achievement by designating June 30 National ESIGN Day.

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RON update: Lots of forward momentum—but also a setback

Posted by Pauline Vu on 06/26/2020

The remote online notarization (RON) landscape is still very much in flux. Three states recently passed RON laws and a new survey shows RON usage surged during the pandemicbut a powerful official from one of the country’s biggest states also announced his opposition to any federal law.

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3 reasons why underwriters haven't jumped on the RON bandwagon

Posted by Pauline Vu on 06/24/2020

Even as demand for remote online notarization (RON) grows, underwriters and settlement agents are hesitant to fully embrace it. They have some good reasons why.

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DocMagic’s Brian Pannell named winner of Thought Leader Award

Posted by DocMagic on 06/18/2020

Brian Pannell, DocMagic’s Chief eServices Executive, has been named one of the inaugural winners of the Thought Leader Award by the PROGRESS in Lending Association. Only 30 people across the entire mortgage industry received this honor.

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RON vs. RIN: Why you should know the difference

Posted by Pauline Vu on 06/10/2020

When the coronavirus pandemic hit, several states issued emergency orders to allow remote notarizations, joining 23 that already had permanent laws allowing remote online notarization (RON). A number of the stopgap measures, however, didn’t actually allow RON; instead they authorized a decidedly lower-tech alternative called remote ink-signed notarization (RIN).

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Webinar: How mortgage industry should adapt to COVID landscape

Posted by Pauline Vu on 06/03/2020

For the mortgage industry, a lot has changed in a short amount of time—especially when it comes to remote online notarization (RON), according to the speakers at DocMagic’s May 27 webinar, “Road-Tested eClosing Strategies for Today.”

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DocMagic offers free version of its eSign technology for non-mortgage uses

Posted by DocMagic on 06/01/2020

DocMagic is making an agnostic version of its eSign technology free to help organizations increase productivity and efficiency among work-from-home employees during the coronavirus pandemic—both during the stay-at-home orders and after they are lifted.

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Pandemic leads to growing acceptance of eClosings: News source

Posted by Pauline Vu on 05/21/2020

The coronavirus pandemic has led to wide-ranging industry acceptance of eMortgages, eNotes, and digital closings, according to a recent article in National Mortgage News (subscription required).

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New support for power of attorney (POA) transactions amid COVID-19

Posted by Pauline Vu on 05/07/2020

A recent DocMagic update has made it easier to conduct transactions that involve someone with power of attorney (POA) acting on a borrower’s behalf, especially during the closing event. This is crucial during the current COVID-19 era, helping to reduce the amount of in-person contact needed by borrowers and title companies.

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