Plaza Home Mortgage Releases Hybrid eClosing Option – NMP Skip to main content

Plaza Home Mortgage Releases Hybrid eClosing Option

NationalMortgageProfessional.com
Mar 05, 2019
Plaza Home Mortgage has announced a new One-Time Close Construction-to-Permanent loan program,

Plaza Home Mortgage Inc. has launched a new hybrid eClosing option on all conventional Fannie Mae and Freddie Mac loans. The new option allows settlement agents to coordinate directly with borrowers, and offer them the ability to review their closing documents electronically and execute most of the documents online. Only the Note and Security Instrument documents will require a traditional, wet signature at closing, allowing for a much quicker closing process.
 
With the new hybrid eClosing option, borrowers will receive their closing package electronically one to two days before the closing date, allowing them more time to review the documents and ask questions before they get to the closing table.
 
“eClosings are a logical next step on the path to a completely digital mortgage,” said Jeff Leinan, Plaza Home Mortgage’s Executive Vice President, National Wholesale Production. “By offering new, digital solutions our clients will see dramatic improvements in the speed and efficiency of the closing process that will enhance their borrower experience.”

 
Published
Mar 05, 2019
More from
Tech
Zillow Group Lays Off 55 In Texas

Layoffs related to the closing of its Zillow Offers ibuying unit.

Industry News
Jun 29, 2022
'A Tough, Horrible Day For Everybody' At FGMC

First Guaranty Mortgage Corp laid off more than 400 during online meeting.

Industry News
Jun 28, 2022
Mortgage Tech Firms Sales Boomerang, Mortgage Coach Merge

Appoint Richard Harris, a global SaaS executive, as CEO.

Tech
Jun 27, 2022
Notarize Cuts 25% Of Staff, Citing Need To ‘Evolve’

CEO of online notary service says economy, world events create ‘uncertainty’

Tech
Jun 22, 2022
New Fights Old

Active push for high-tech mortgages gets pushback from consumers

Tech
Jun 21, 2022
Blockchain, Artificial Intelligence & Machine Learning: Hype or Help?

All Three Could Contribute To Faster Digital Transformation

Tech
Jun 21, 2022