Does E-Closing Actually Reduce Fraud And Identity Theft?

The federal E-Sign Act (ESA), adopted in 2000, established that electronic signatures are legally valid and enforceable as part of a commercial transaction. The act created a general definition of an electronic signature as, “an electronic sound, symbol, or process attached to or logically associated with a contract or other…

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Five Tips For New Real Estate Attorneys

If you’re starting out as a new real estate attorney, things may seem a bit overwhelming at first. Whether you’re joining a firm or going solo, you’ve got a lot of opportunities to lay a solid foundation for your career and plenty of chances to make mistakes, too. These tips…

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What’s Happening with TRID Under the New Administration?

Now that the mortgage industry is beginning to function more smoothly under TRID (TILA-RESPA Integrated Disclosure Rule, also known as the Know Before You Owe Rule), and with proposed changes to TRID hanging in the balance since October 2016, industry experts are left wondering what will happen next, regarding TRID, under…

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Ensuring Complete Loan Applications For Residential Mortgages

The mortgage industry has gone through some significant changes since the implementation of TRID (TILA-RESPA Integrated Disclosure Rule) in late 2015. The entire mortgage production chain has to work more quickly to produce compliant and accurate loan and closing documents, and the new requirements have caused confusion and bottlenecks resulting…

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Using Technology To Achieve More Efficient Real Estate Closings

The mortgage industry is shifting focus from re-fi loans to purchase loans as the economy improves and more buyers are qualifying for mortgages. In September 2016, re-finance transactions accounted for 45 percent of all mortgages closed, while purchase transactions have grown to 55 percent of the total. As interest rates…

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