The possibility of eClosing is challenged by many of the same issues faced with any mortgage loan closing. As stated in the recent CFPB Report: Mortgage Closings Today, April 2014:
Can eClosing practices reduce these errors?
This white paper discusses the evolution of the industry to an eClosing process and includes discussion of:
Download eClosing: Myth or Mystery... You Decide, today!
The paper's author, Michael L. Vitali, LoanLogics SVP/Chief Compliance Officer, has over 40 years of experience in all facets of mortgage lending. He served for more than 12 years as an EVP and Chief Risk Officer for a major national lender. He also served as legislative chair for both the MBA of Greater Philadelphia and MBA of Pennsylvania, and is a member of several task forces dealing with compliance issues for the National MBA.
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