The remote notarizations are currently authorized for Fannie Mae- and Freddie Mac-approved loans in more than 40 states and where county jurisdictions accept electronic filing of closing documents. They eliminate the requirement for the borrower(s) to physically appear in front of a notary to sign the security instrument with a “wet signature.”EXOS Close allows lenders and borrowers to choose ‘when, where, and how’ they close
Digital mortgage services provider, ServiceLink, announced enhancements to its EXOS Close technology designed to provide more flexibility for lenders and borrowers using the technology to schedule their closings. Enhancements include new options for online and in-branch c...
Outlooks for both GSEs revised from negative to stable
Moody’s has downgraded the long-term senior unsecured debt ratings of Fannie Mae and Freddie Mac to Aa1 from Aaa, following its May 16 downgrade of the U.S. government. The outlooks for both agencies were revised from negative to stable, signaling no immediate expectation of...
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