VA RESPA Guidance Issued | Mortgage Help Info

The U.S. Department of Veterans Affairs issued guidance long-awaited by the mortgage industry regarding the disclosure of fees, particularly fees that may not be charged to the borrower, with a VA guaranteed loan in view of the revised approach to disclosing fees under the Real Estate Settlement Procedures Act.

The VA advises that lenders must comply with the RESPA requirements regarding the completion of the good faith estimate and HUD-1 settlement statement.

Posted via email from Title Insurance
Continuing Ed for Title Agents

myClosingSPACE.com Gives Consumers Control of Real Estate Transactions

Debuting this week, myClosingSPACE.com breaks the mold of traditional real estate closings by giving consumers control over every aspect of the closing process. myClosingSPACE.com (www.myClosingSPACE.com) allows homebuyers and those refinancing a home to go online and obtain real time quotes on title insurance and closing costs. Initially offered in New Jersey and Florida, myClosingSPACE.com will expand to 18 states later this fall, and throughout the U.S. in the next 12 to 18 months.

Posted via email from Title Insurance
Continuing Ed for Title Agents

eNotarization Delivers Essential Element for Paperless Mortgage Closings – Solution Powered by Silanis, Stewart, Interlink Electronics and the National Notary Association

Silanis, the market leader in automating business approval processes, announced today that it is working with Stewart Title and the National Notary Association (NNA) to deliver the first implementation of eNotarization capabilities for paperless mortgage closings at a title office. The three organizations are working together to incorporate the NNA Enjoa® signing tablet into Stewarts eClosingRoom, a key part of their SureClose® platform, providing another essential component for paperless mortgage closings. Stewart Title is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC).

Electronic notarization standards and technologies such as Enjoa®, an electronic Notary journal designed by notary experts at the NNA and built by Interlink Electronics, will revolutionize the traditional Notary process and support the electronic closing process. Enjoa® allows Notaries to securely capture and store a borrowers signature, thumbprint and photograph, satisfying all applicable state notary recordkeeping laws and leaving no doubt regarding the identity of the signer. Enjoa® also functions as a signature tablet that allows borrowers to sign electronic documents in Stewarts eClosingRoom.

Posted via email from Title Insurance
Continuing Ed for Title Agents

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