Plaza Home Mortgage Now Accepting Full E-Closings – NMP 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
Lenders Complain FGMC Is 'Radio Silent' On Loans

Company said it would stop purchasing new loans in the wake of its mass layoff last week; seeking court-approved financing.

Industry News
Jun 30, 2022
AnnieMac Home Mortgage Acquires OVM Financial

Wants to expand its outreach into the Mid-Atlantic region.

Industry News
Jun 30, 2022
Ready Life Launches Black-Owned Fintech To Help Underserved Borrowers

Ready Life, led by two Black entrepreneurs, is taking aim at the racial wealth gap by starting a mortgage fintech.

Industry News
Jun 30, 2022
FGMC Files For Chapter 11 Bankruptcy Protection

FGMC notified laid-off 471 employees late Tuesday night that it would pay severance.

Industry News
Jun 30, 2022
FGMC Paying Severance To Ex-Employees

Late-night email tells laid-off workers they'll receive one week of pay for each year of service.

Industry News
Jun 29, 2022
Texas, N.Y. Law Firms File Class-Action Suit vs. FGMC Over Layoffs

Both firms represent a former employee suing over lack of 60-day notice before mass layoff on June 24.

Industry News
Jun 29, 2022