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Eye on The Industry: Updates on Mobile Closings, Tech Platforms, and More

NotaryCam, a provider of online notarization and mortgage eClosing solutions, announced that Fidelity National Financial (FNF), will allow the use of NotaryCam to deliver remote online notarization (RON) and remote online closing (ROC) capabilities to FNF’s network of direct title and settlement operations, as well as its network of independent title agents. Most recently, FNF used the NotaryCam platform to complete its first remote notarization in Texas.

“Title plays a critical role in the adoption of RON and ROC so it is especially encouraging to see an industry leader fully embrace these digital processes,” said NotaryCam Founder and CEO Rick Triola. “The transaction that took place in Texas is really just the beginning, and we look forward to helping FNF’s nationwide network of direct title operations and independent title agents streamline the residential mortgage closing process and deliver unparalleled convenience and service to home buyers and sellers throughout the U.S.”

eClose360 by the California-based NotaryCam sets the standard for RON and ROC transactions in the real estate and mortgage industries. The platform provides lenders and title/closing agents with an online closing room where they can upload closing documents, meet with signers and return fully executed and compliant documents within an hour. In addition, the system records all transactions to provide a verifiable transaction record for security and compliance purposes.

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QuestSoft Corporation, a provider of automated mortgage compliance software, has launched a fair lending module inside Compliance RELIEF, the company’s regulatory reporting and analysis platform. The new Fair Lending RELIEF module enables lenders to actively monitor HMDA lending performance to identify areas of higher risk.

Fair Lending RELIEF provides an integrated fair lending performance analysis and monitoring tool to assist in identifying potential matched pairs, underwriting and pricing disparities, as well as levels of assistance, steering, and redlining risks. Performance analysis includes the ability to interactively review the individual loan records behind the result.

"Fair lending risk management obviously isn’t a new concept," said Loretta Kirkwood, vice president of compliance at QuestSoft. "Lenders need help identifying, managing, and limiting performance risk. We created Fair Lending RELIEF to use the lender's existing HMDA data to simplify that process."

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Pittsburgh-based EXOS Technologies (EXOS), a ServiceLink company, has partnered with Blend to further extend and enhance the consumer digital mortgage experience. The company said in a statement that the partnership was part of EXOS's mission to offer a complete consumer digital experience.

Through the collaboration, EXOS and Blend will deliver exact real-time appraisal scheduling functionality for lender clients using EXOS Appraisal, a core offering from the EXOS platform. This integration enables consumers seeking a new mortgage to seamlessly schedule appraisal appointments by accessing live calendars of tens of thousands of licensed appraisers in all 50 states.  Borrowers will be able to digitally select the exact date and time of their preferred appointment and receive instant confirmation plus a photo of their appraiser and the make and model of their vehicle. By automating appraisal orders and empowering the homebuyer to self-serve, lenders can deliver on faster closings, EXOS said.

About Author: Mike Albanese

A graduate of the University of Alabama, Mike Albanese has worked for news publications since 2011 in Texas and Colorado. He has built a portfolio of more than 1,000 articles, covering city government, police and crime, business, sports, and is experienced in crafting engaging features and enterprise pieces. He spent time as the sports editor for the "Pilot Point Post-Signal," and has covered the DFW Metroplex for several years. He has also assisted with sports coverage and editing duties with the "Dallas Morning News" and "Denton Record-Chronicle" over the past several years.
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