California, Oregon and South Carolina continue to require in-person notarizations
According to a recent report by Qualia, nearly half of the United States has not enacted RON legislation despite a survey by the company that remote notarizations surged 40% from April to May. Three states in particular, California, Oregon and South Carolina maintain a requirement for in-person notarizations and have yet to adopt RON regulations of any form.
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DocuSign expands into remote notary business with $38M deal to buy Liveoak Technologies
Digital signature powerhouse DocuSign plans to integrate remote online notary services into its core suite of products after announcing an agreement Tuesday to acquire Liveoak Technologies of Austin, Texas, for $38 million in stock.
Liveoak's technology includes video conferencing and tools for remote identity verification.
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HousingWire to donate to MBA Opens Doors for every magazine social post
In August, HousingWire is relaunching our all-new magazine, and we want to celebrate with something big. To help, we are calling on you and all our loyal readers.
In honor of our redesigned magazine, HousingWire will donate $5 to the Mortgage Bankers Association's Opens Doors Foundation. The request is simple - get your magazine, snap a picture, tag us!
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Coronavirus lockdown spurs widespread adoption of digital ID tech in Canada
The coronavirus pandemic has led to a massive surge in Canadians using digital identity authentication platforms to get immediate access to government emergency aid. This shift to remote access for digital services is likely to be permanent. As Canadians have become accustomed to using ID verification for accessing government services, they may also use this technology to apply for services in sectors such as banking, real estate, insurance and health care.
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AmTrust inks software deal that bolsters remote platform
COVID-19 has forced businesses to move their workflows remotely. AmTrust Title has transitioned its entire staff to work from home with the help of ProDeal's technology platform. The company said it is starting to plan for the reopening of its offices and preparing to welcome back employees who feel ready to return.
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CFPB Issues Factsheet On TRID Title Insurance Disclosures And Updates TRID FAQ
On June 9 the Consumer Financial Protection Bureau (CFPB) published a Factsheet on how to disclose title insurance on the Loan Estimate and Closing Disclosure, including when a negative owner's title insurance cost disclosure is appropriate, and updated the TRID FAQs to include guidance on the total of payments disclosure, using the optional signature line on the Loan Estimate and Closing Disclosure, and the requirement to include seller information on the consumer's disclosures if providing separate Closing Disclosures.
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Mortgage rates hit another record low amid coronavirus pandemic
Mortgage rates are generally lower than interest rates from other types of debt ?- but lately rates have been astonishnigly low, as the coronavirus pandemic continues to wreak havoc on the U.S. economy. The financial chaos already led the Federal Reserve to make emergency rate cuts twice since March.
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