announced that it became the first lender to complete the mortgage process with a remote electronic closing technology.
The Detroit-headquartered company used the Nexsys Clear Sign eClosing platform from Nexsys Technologies, a Detroit-based fintech company. The transaction was a refinance transaction for a metro Detroit homeowner. Amrock Inc. was the title and closing agent for the mortgage, and the notary who completed the closing was Amrock’s Julie Felts, the first electronic/remote notary to be approved and registered by the State of Michigan.
“What’s most exciting for me are the possibilities that this new technology opens for homebuyers and those looking to refinance here in our home state,” said Jay Farner, CEO of Quicken Loans. “Imagine a homebuyer who is halfway across the country on a vacation or business trip being able to close the mortgage for their family home, or a busy nurse who only has a very short time window that doesn’t allow them to leave their workplace. I can’t wait to see all the ways we continue to make the mortgage experience easier for our clients in Michigan and throughout the country.”