The FHA has announced that protocols in place for second appraisal requirements for certain Home Equity Conversion Mortgage loans are now fully automated.
A California court last month dismissed a borrower’s attempt to bring a class-action lawsuit against Caliber Home Loans over a security breach at the nonbank lender in early 2017.
The use of online remote notarization for mortgage closing looks likely to increase as uniform state legislation was drafted recently and many title agents see the tech as a difference maker. Last week, the Uniform Law Commission updated its Revised Uniform Law on Notarial Acts. In states that adopt the updated legislation, notary publics would be allowed to complete notarizations remotely, including mortgage closings. Among other provisions, the law provides remote online notarizations ...