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Notarize and Snapdocs announce eClosing partnership

Housing Wire

Meanwhile, Todd Maki, head of business development and partnerships at Snapdocs, remarked that integrating Notarize’s services will help mortgage lenders “orchestrate a more perfect mortgage closing” that is fully digital and error-free. Partnering with Snapdocs gets everyone there faster.”. million in the U.S. —

Legal 384
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HUD ends silence on targeted lending programs

Housing Wire

The Department of Housing and Urban Development (HUD) on Tuesday resolved uncertainty around special purpose credit programs, 45 years after Congress allowed lenders to tailor products to groups that have historically been excluded from homeownership. In a legal memo, HUD stated that SPCPs are allowed under the Fair Housing Act.

Lending 441
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Stavvy lands $40 million Series A for aggressive growth

Housing Wire

We are adding resources to engineering, security and trust, product, industry relations, legal, compliance and more. COVID19 certainly accelerated development and focus on servicing, coming out of 2019 with record low default and foreclosure.”. How modernized servicing creates customers for life.

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Movement to pay $24M to settle underwriting government loans fraud case

Housing Wire

Attorney noted that we ‘took significant measures to stop the practices, both before and after being notified of the United States’ investigation,’ and that the settlement is ‘not an admission of any legal liability.’ million and Guild Mortgage in October 2020 for $24.9 Attorney Carla Freedman said in a statement. Attorney’s office.

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How Digital Forms Can Help Your Small Business

GoForrmz

This mass digital transformation kicked off in 2020. ” — Lisa Dunn, Office Manager, Doré Designs Learn how Doré Designs uses GoFormz to reduce their paperwork and improve customer service. Failure to meet these regulations can result in pricey fines, legal action, and a damaged reputation.

Business 148
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Fannie Mae pays $53M to settle recession-era discrimination suit

Housing Wire

Fannie Mae understands the story of housing in America includes a history of systemic racism,” CEO Hugh Frater wrote in June 2020. As of 2020, Fannie Mae’s REO portfolio is 17,500. Our REO maintenance standards are designed to ensure that all properties are tended to and treated equally.”.

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Remote online notarization is the proper path forward for digital closings

Housing Wire

During the first six months of 2020, the Federal Housing Finance Agency reported that the volume of e-mortgages purchased by Fannie Mae and Freddie Mac spiked significantly. introduced the Securing and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act of 2020, which allows for the immediate use of RON nationwide.

Law 441