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.”New data standards aim to streamline Certificate of Eligibility requests, reduce manual processing and speed VA loan originations
MISMO has released new standardized data mappings designed to help lenders process VA loan eligibility requests more efficiently as part of the U.S. Department of Veterans Affairs' ongoing digital transformation of its Loan Guaranty program.Developed in collaboration with th...
New Home Equity Gap Index estimates U.S. homeowners hold $11 trillion in available equity as some Non-QM lenders expand options for self-employed borrowers
A new Home Equity Gap Index suggests that billions of dollars in home equity remain largely untapped, creating an opportunity for Non-QM lenders offering alternative-documentation HELOCs to borrowers who may not qualify under traditional underwriting.According to The Mortgag...
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