Skip to main content

Plaza Home Mortgage Now Accepting Full E-Closings

Keith Griffin
Jul 21, 2020
Couple at laptop while moving | Photo by Ketut Subiyanto from Pexels

Plaza Home Mortgage, a wholesale and correspondent mortgage lender, will now accept full e-Closings on all conventional Fannie Mae and Freddie Mac eligible loans originated in jurisdictions that permit them.
 
Full e-Closing will be available across all of Plaza’s channels – wholesale, national correspondent and mini-correspondent. The fully digital process eliminates the need for “wet” signatures and face-to-face closing appointments as all documents may be e-Signed and e-Notarized, including the note and security instruments. E-Notes are authorized in all 50 states and the District of Columbia and more than 40 states currently accept remote online notarization (RON.)
 
With the full e-Closing, settlement agents can send borrowers their closing documents electronically one to two days before the closing date. This allows the borrower time to review the documents, ask questions and then e-Sign in a recorded audio/video session with a RON-certified notary.
 
The e-Closing will enable Plaza Home Mortgage clients to offer their borrowers a more convenient, safer closing alternative. The digital process also reduces processing costs and will, over time, streamline closings and accelerate funding.
 
“Our full e-Closing option provides a complete digital experience for both our clients and their borrowers,” said Mike Fontaine, chief operating officer and chief financial officer of Plaza Home Mortgage. “It’s an enhancement that helps transform loan origination, especially given the necessity of moving to an online, remote experience in our current environment.”
Published
Jul 21, 2020
MBA Swears In New Officers For 2021-22

Kristy Fercho, executive vice president and head of home lending at Wells Fargo, is the new chairman.

Industry News
Oct 18, 2021
Wemlo Introduces Third-Party Processing Solution

Wemlo announced the first third-party mortgage processing solution, Loan Brokering System.

Tech
Oct 18, 2021
Nationwide Mortgage Bankers Names New COO

Nate Hernandez was named chief operating officer for Nationwide Mortgage Bankers.

Industry News
Oct 18, 2021
ICE Unveils Transaction-Based Indices For Residential Mortgage Interest Rates

Intercontinental Exchange Inc. launched its suite of U.S. residential mortgage locked rate indices.

Tech
Oct 18, 2021
ChainLogix Appoints New Vice President, Operations

Jeryl Graham hired to accelerate growth in title & mortgage services.

Industry News
Oct 15, 2021
JPMorgan Chase To Commit $8.4M To Improve Household Stability For The Underserved

JPMorgan Chase announced six organizations that will receive philanthropic capital as part of the firm’s $400 million five-year commitment to improve housing affordability and stability for Black, Hispanic and Latino, and other underserved households.

Community
Oct 15, 2021