E-Notarization Update

E-Notarization Update

Silanis announced that they would be working with Stewart Title and the National Notary Association (NNA) to deliver e-notarizations and electronic closings at title offices.The NNA's Enjoa signing tablet will be worked into Stewarts e-closingroom, part of there Sureclose platform. Enjoa allows notaries to securely capture and store borrowers photograph, thumbprint and signature, satisfying all state laws. Also the Enjoa signing tablet can be used to capture the borrowers signature to sign electronic documents in Stewarts eclosing room.

SureClose will initially support electronic notarizations of closing documents using stored digital certificates created for each closing officer, notary, or attorney.

Hopefully this will pave the way for electronic closings and notarizations.

Sincerely,
Lisa Scanlon, CSA
941-447-7130
www.scanlonsigningservices.com

Fannie Mae Update

Fannie Update for Credit Report Pull


On August 13th Fannie Mae issued its selling guide which clarifies that lenders are not required to obtain a 2nd credit report just before loan closing. This update only reminds lenders that Fannie Mae expects them to have the processes in place. Lenders will only be required to re-underwrite a loan after the initial underwriting decision has been made if the borrower discloses or the lender discovers changes that cause the debt to income ratio to exceed 45% or to increase by 3 percentage points or more.


http://www.fanniemae.com

Sincerely,
Lisa Scanlon, CSA
941-447-7130
www.scanlonsigningservices@yahoo.com