The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Zillow analyst on whether home prices can keep climbing

Today’s episode of HousingWire Daily features an interview with Nicole Bachaud, as she discusses annual and monthly home price appreciation growth, rising inventory levels and rent prices.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

ClosingFintech

There are now 4 providers with MISMO RON Compliance Certification

Pavaso follows suit after eNotaryLog, Notarize and Signix

e-Closing platform Pavaso announced on Monday it has been awarded the Remote Online Notarization Compliance Certification through the Mortgage Industry Standard Maintenance Organization – making it the fourth company to receive the specialized certification.

Originally introduced in April, the MISMO RON compliance certification was designed to assure RON tech providers meet a universal set of standards including credential analysis, borrower identification, capturing and maintaining a recording of the notary process electronically, audio and video requirements, record storage and audit trails.

“Pavaso has always worked closely with Secretary of State offices to obtain eNotary vendor approvals, where required,” said Nancy Pratt, vice president of partner relations and government affairs for Pavaso. “The MISMO certification program is designed to enhance the vetting process by assuring states that certified RON vendors are conducting business in a more secure and consistent manner. We are very excited to be granted this certification.”

With the SECURE notarization act making no headway in congress since its introduction in March, states took it upon themselves to procure their own policies for RON with the assistance of RON providers. According to Pavaso, in addition to following the MISMO standards and corresponding practices, Pavaso’s platform adheres to individual state RON legislation.

Prior to Pavaso’s announcement, eNotaryLog received RON compliance certification on May 27, followed by Notarize on July 2. The third company granted the compliance designation was digital signature servicer Signix.

“Real estate transactions continue to close during the COVID-19 pandemic because of advancements in digital mortgage technology, including the increased adoption of remote online notarization as a safe and convenient option,” said Mike Fratantoni, president of MISMO and Mortgage Bankers Association chief economist and senior vice president of research and industry technology. “MISMO encourages all product providers to expand the integrity and availability of eMortgages by obtaining their MISMO certification.”

All certified RON providers will receive a “MISMO Compliant for RON Standards” seal which may be displayed on the RON provider’s website and marketing materials, MISMO said.

According to MISMO, Docutech, Heracles Holding and Nexsys are currently in process of receiving the certification.

Leave a comment

Latest Articles

How can the mortgage industry retain more employees?

“We should take pride in the fact that our tiny, little industry is really pivotal in this whole cogwheel of not just the American dream, but our economy and everything else,” Black Knight’s Sandra Madigan says. HW+ Premium Content

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

Log In

Forgot Password?

Don't have an account? Please