A look at Biden’s first week in office

This episode reviews last week’s inauguration of President Joe Biden, examining which housing issues the new administration has already taken action on.

Biden’s executive order will extend foreclosure moratorium

President Biden revealed his plan to sign 17 executive orders his first day in office, including am extension of the eviction and foreclosure moratorium to at least March 31.

How servicers continue to protect neighborhoods amid COVID

We spoke with MCS CEO Caroline Reaves about self-service technology, the shift to virtual and how servicers can prepare for post-COVID success by improving processes today.

HomeBridge’s Brian White on diversity at a practical level

HomeBridge's Brian “Woody” White discusses ways to increase diversity within the housing finance industry.

FintechMortgage

Iowa signs law to enable eClosings for mortgages

State to now allow eNotary

Iowa became the latest state to enable fully digital closings for mortgage transactions Monday with the passage of its new eNotary law.

Monday, Iowa Governor Kim Reynolds signed SF 475, an act providing for notarial acts, including by providing for the use of electronic media, providing penalties, and including effective date provisions.

The first photo above shows Reynolds signing the bill. In her lap she holds LenderClose Chief Operating Officer Benjamin Rempe’s daughter, who he promised could attend the signing if the bill was passed.

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Iowa signing

“My daughters held me accountable to getting this done because I promised them they could attend the bill signing,” Remp [pictured far right in second photo] said. “What an amazing moment to share with them.”

While e-mortgages are making strides in the housing industry, eClosings are still rare, mostly due to state restrictions surrounding eNotaries. However, that is slowly beginning to change.

As electronic notarization provider Notarize noted recently, Iowa becomes the 10th state to pass a remote online notarization bill this year, bringing the nationwide total of states that allow its notaries to perform notarizations nationwide to 18. 

Now, Iowa has joined the growing list of states that now allow for remote notarization.

“We moved Iowa forward today,” LenderClose Founder and CEO Omar Jordan [pictured far left in second photo] said. “Not just LenderClose.”

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