Industry leaders are rallying around a federal bill that would permit the nationwide use of remote online notarization.
The Securing and Enabling Commerce Using Remote and Electronic Notarization Act, H.R. 1509, establishes national standards for remote and electronic notarizations. The legislation requires the creation and retention of video and audio recordings, as well as the use of communication technologies such as video chats during remote notarizations. It passed the House on Feb. 27.
Leaders at the Mortgage Bankers Association support remote online notarization on the state and national level. They say the bill’s requirements are consistent with industry standards.
“The bill’s minimum standards for RON are consistent with both the MBA-ALTA model state RON bill and the Mortgage Industry Standards…
By KIMBERLEY HAAS The new vice president of national sales at SingleSource Property Solutions says demanding clients are the ones who are communicating their needs and that leads to better business relationships. Jodi Bell has worked in the mortgage industry for 25 years. In September, SingleSource leaders announced that she had joined the team. SingleSource is a provider of property services supporting the U.S. housing industry. They have a broad cross-section of clients in the financial services industry including servicers, originators, banks, credit unions, investment banks, and hedge funds. “In addition to her excellent business development experience, Jodi is well connected and brings a wealth of product development experience and positive energy to our organization,” SingleSource CEO Brian Cullen said…
The Chief Operating Officer at SingleSource Property Solutions said in a recent interview with The Mortgage Note that their mission is to protect neighborhoods. Ed Austin has been working in the mortgage industry for 25 years on the vendor management side. He has been COO of SingleSource in Pennsylvania for seven years. In August, the company celebrated its 20-year anniversary of the launch of home equity service offerings. The company’s second mortgage services are available in economical bundles and include valuations, title products, and online closings, according to a press release. Austin said in a statement that with their specialized home equity bundles, lenders are significantly reducing the amount of time and expenses associated with closing a second lien transaction.…
