Notarize and United Wholesale Mortgage expand e-closings to 16 states

The companies claim they are the only ones who offer a fully digital, end-to-end title closing process

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Dive into the latest Technology affecting RE, July 17, 2018

Major mortgage lender United Wholesale Mortgage's (UWM) e-closing technology is now available in 16 states, up from its original four, the company announced Monday. Notarize, a Boston-based notary tech startup, is providing the technology behind UWM's e-closing process. And as of today, the two companies are making that process available to borrowers in Alabama, Florida, Indiana, Kansas, Maine, Maryland, Missouri, Nebraska, Nevada, New Hampshire, Ohio and Tennessee--joining Illinois, Montana, Virginia and Washington. UWM's and Notarize's end-to-end online closing technology lets borrowers finish the entire process of getting a mortgage totally online, without having to sign any physical documents. Borrowers pay a $200 closing fee. The process relies on video calls with a notary, e-signatures, and electronic notarization to complete every step online. UWM and Notarize's competitors, the companies said, require at least some in-person signings, notarization or the presence of...