New real estate apps and electronic mortgage resources are being rapidly developed and expanded, according to HousingWire.com.
The traditional paper-and-ink closing is now known as a wet closing, which refers to the old phrase "no sooner than the ink had dried on the paper." In wet closing , all of the purchase documents are signed and notarized in ink and in person.
By contrast, an eClosing is processed digitally, which means the mortgage loan package is electronically signed and notarized. The closing can either be conducted in person or remotely using a webcam. Referred to as the eNote, the electronic promissory note is securely filed in the MERS (Mortgage Electronic Registration Systems) eRegistry.
A hybrid closing is the combination of a wet closing and an eClosing. Depending on the lender's preference, some of the documents are signed and notarized in ink and the rest are filed electronically. Hybrid closings help to streamline the process but still require an in-person appointment.
Author:Karin Waterschoot-Perez Phone: 614-774-1741 Dated: June 29th 2020 Views: 298 About Karin: Executive Vice President of Sales
Experienced Realtor, Karin Waterschoot-Perez, currently serves ...
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I joined Plum Tree Realty as a Licensed Realtor in 2018. Plum Tree is a wonderful brokerage to work for, I couldn’t imagine working for any other brokerage. Before becoming a Realtor, I had 17 years of extensive experience in Property Management including RD Housing, LIHTC Housing, HUD Housing, and Conventional Housing. I also served as an elected council member in my hometown of Sabina, Ohio for 4 years chairing several committees.
As a Realtor, I believe it is my job to be your trusted real estate advisor to help you achieve your real estate goals when buying or selling a home.
The foundation of my business is the philosophy of listening to my clients needs and de livering great service to them before, during, and after the process. My philosophy is simple: clients come first. I believe in keeping them fully informed throughout the entire buying or selling process. I don’t measure success through achievements or awards, but through the satisfaction of my clients. The goal is for my client to feel comfortable and happy at the end of the transaction. Real estate sales and marketing requires knowledge, professional commitment, and a desire to continuously meet and exceed my client's expectations. My career has been built on the principles of integrity, trust, professionalism, and performance. I work continuously with these in mind as I search for the right buyer for your home or the right home for you to purchase. From the beginning of our working relationship, my objective is to understand your real estate needs and insure that your goals are met.Whether in the search or sales process, I will be your single point of contact. My Finance Specialists at Plum Tree Mortgage, and attorneys pave the way for a seamless and professional real estate closing. Serving my clients is the corner-stone of my business and has been a sincere pleasure for me throughout my career. Buying or selling a home is more than just a transaction: it’s a life-changing experience.
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