Notarize Will Allow Notaries to Bring Their Own Transactions onto The Platform
Starting in early May, notaries in Tennessee and Washington can sign up on the Notarize platform to run their business independently. Notarize is piloting the program with a two-state launch before quickly rolling out to additional states over the summer. By the end of 2021, this platform function will be available to notaries in all 32 RON-approved states.
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Higher mortgage rates have borrowing in a slump, but analysts are hopeful
As months of rising mortgage rates discourage Americans from buying homes or refinancing existing loans, mortgage applications have gone into an extended downturn, a new report from a lenders trade group shows. But analysts see signs that rates are leveling off and could help borrowing rebound. Plus, they suggest the recent mortgage rate increases aren't as dire as they seem.
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Development company involved in another lawsuit
The latest lawsuit, filed last month in Preston County Circuit Court, was filed by Waterfront Group WV LLC against David L. Hough and Cynthia F. Graves, and Allegheny Wood Products Inc. "This dispute concerns a right of first refusal" of real estate, according to the lawsuit, which was filed by attorney Michael C. Cardi of Bowles Rice LLP on the company's behalf.
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Mr. Cooper introduces its new chief risk and compliance officer
Mr. Cooper Group has announced that its chief credit officer Kurt Johnson will now also lead its risk and compliance team as executive vice president and chief risk and compliance officer. In a statement, Mr. Cooper said that Johnson "has led critical work for the company in setting risk related policy and governance."
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CANADA: A Pending Registration Queue at the Alberta Land Titles Office - How will it work?
The key takeaway is that by utilizing the PRQ, a submitting party will, in most instances, have priority on title guaranteed on submission. In turn, transactions may be able to close and funds may be able to be released without the necessity of waiting for actual registration. The implementation of the PRQ may also enable parties to avoid obtaining gap title insurance coverage, resulting in further time and cost savings on closing.
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The appraisal gap is complicating deals across the country
But not everybody has the ability to tap friends and family or investments when the appraisal and the final sale price don't match - many deals have fallen apart as a result, loan originators and real estate agents said. The gap between appraisal and what buyers are willing to pay in one of the wildest real estate markets in modern history has created friction between agents, lenders and appraisers working under stressful conditions.
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