Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

HousingWire Annual Virtual Summit

Sessions from HousingWire Annual 2021 are going to be virtually streamed on October 25. Register now for FREE to tune into what housing industry leaders had to say this year!

How Freddie Mac is addressing affordable housing challenges

Freddie Mac is focused on addressing limited access to credit, housing inequalities, creation and preservation of affordable housing supply and advancement of homeownership education.

How to increase minority homeownership?

Today’s HousingWire Daily features a roundtable discussion from HousingWire’s Lunch & Learn series that looks at “Unpacking the lender’s vital role in increasing minority homeownership.”

Real EstateFintechMortgage

NAR invests in Notarize to help push for more mortgage eClosings

One of only 13 NAR investments

Second Century Ventures, the investment arm of the National Association of Realtors, announced it is investing in Notarize, a remote notary platform.

The announcement reaffirms a strong push in the industry toward remote eClosings.

Notarize recently helped pioneer remote notarizations into the mortgage industry, bringing complete end-to-end digital mortgages into reality.

Compared to the previous option that required either some in-person contact or a notary to eSign closing documents via a shared tablet, the company’s solution uses a secure video technology that is custom built to enable a borrower to connect with a notary much like you would with Skype or FaceTime.

With the investment from the largest trade group representing Realtors, Notarize plans to scale these remote eClosings across the country.

According to a recent survey conducted in partnership with NAR members, more than 60% of Realtors said they experienced a closing last year that was delayed or cancelled due to one of the parties not being able to be physically present.

And, 30% of respondents said anywhere between 5-25% of their closings were delayed or cancelled

Nearly 90% of the members responded saying they believe online closings would be important for them and their clients.

This new partnership should help fix with these Realtor concerns. “A faster, more secure closing reduces stress and improves the overall experience, and we believe Notarize is the company that will make this a reality for agents across the country,” said Bob Goldberg, CEO of NAR.

The investment from NAR follows Notarize’s participation in the REach Accelerator program, a program that brings new technology companies into the real estate market.

Notarize is only one of 13 investments that NAR has ever made through its venture fund. 

Most Popular Articles

FHFA to make desktop appraisals permanent

Desktop appraisals, a temporary flexibility implemented in March 2020 amid lockdowns and social distancing, will become permanent, the FHFA said today.

Oct 18, 2021 By

Latest Articles

Rocket Pro TPO redesigns pricing calculator for brokers

Rocket Pro TPO aims to help its broker partners grow their businesses. The new Pricing Calculator provides brokers with fast, reliable and accessible information that can help differentiate them from competitors. In the midst of this serious housing shortage, brokers need tools to help them provide top-notch service to homebuyers. 

Oct 22, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please