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The first entirely remote mortgage closing just happened

The first entirely remote mortgage closing just happened

Welcome to the brave new world of online borrowing. For the first time ever, a U.S. family closed a mortgage remotely using only electronic signatures. The closing for a $290,000, 30-year mortgage on the Mueller family’s home in Illinois from Michigan lender United Wholesale Mortgage used technology from the online notary service Notarize. The borrowers talked to a notary via Skype and had to verify their identity by answering a set of questions and hold […]


Source: realdeal

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