August 10, 2017
- Homeowners no longer have to flock to their attorney’s office or an agreed upon place in order to complete the closing process. United Wholesale Mortgage, now offers e-closing. Beginning on July 28, 2017, the company began allowing refinancing borrowers to complete a virtual closing. Though many companies offer e-mortgages, e-closings are not as readily available.
- Insights Blog released a report detailing May’s loan performance. The report noted loans in early stage delinquencies are at their lowest in 17 years. Additionally, New York has more loan delinquencies than any other metropolitan area. Further, the report mentions that homes in foreclosure across the nation are down 1%.