Plaza Home Mortgage Inc. is now accepting
remote online notarizations for purchase and refinance loans in its wholesale and correspondent channels.
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.”
Only notaries that have been certified for online notarization can provide this service. Borrowers electronically sign all other documents in a recorded audio/video session where the signer goes through a full authentication process with the notary to ensure their identity prior to executing the documents.