Got Digital Mortgage Closing questions? We’ve got answers. Join us on April 22, during a virtual “Ask Me Anything” event. Our Managing Director of Digital Mortgage Advisory Camelia Martin, will be answering any questions you have about digital mortgage closings, along with experts from Freddie Mac, KS StateBank, and Snapdocs. This live Q&A-driven discussion is moderated by HousingWire, so don’t miss this rare opportunity to pick the brains of digital closing experts. Save your spot and submit your questions.

 

https://snapdocs.zoom.us/webinar/register/WN_DTAZ6gCOTZma2vzK8242zw

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Falcon Digital Mortgage November Newsletter
11/01/2022

Well, RON is back in the news again. Over the summer things were looking good for the SECURE Act when it passed in the House of Representatives. However, this important federal legislation has now hit a roadblock in the Senate, following opposition from California's senators who believe RON closings are less secure and have a higher potential for fraud. Fortunately, there is widespread adoption of RON at the state level. We’re not there yet, but we are inching closer to a federal law.

10.26.21 – Update: New Date for HUD-Held Vacant Loan Sale 2022-1 (“HVLS 2022-1”) – Now December 1, 2021.
09/21/2021

The U.S. Department of Housing and Urban Development (“HUD”) has announced an update to the date for the upcoming HUD-Held Vacant Loan Sale (“HVLS 2022-1”). The new date for this sale is now December 1, 2021, which replaces the previous sale date of November 10, 2021.

The sale will consist of due and payable Secretary-Held loans. The loans are first liens secured by 1 to 4-unit, vacant residential properties where the last surviving borrower is deceased. This sale will include increased bidding opportunities for non-profit and state & local government purchasers.

Entities interested in participating can contact the Office of Asset Sales Single Family Transaction Specialist at 1-844-709-0763 or email [email protected] for more information.

For prospective bidders to this sale, please refer to the section on this webpage entitled, For Prospective HUD Asset Sale Bidders, to become a qualified bidder and receive the Bidder Information Package for HVLS 2022-1.

Falcon Digital Mortgage View
03/16/2022

One of the hurdles that advocates of digital lending have faced in convincing their companies to undertake a major digital transformation has been the ability to show hard ROI. Everyone believes in the potential of digital – faster, cheaper, more efficient – but there’s been a lack of hard numbers to prove it – until now. Recently two different surveys, commissioned by Notarize and ICE respectively, drilled down into the benefits of eClosing solutions and put hard numbers against them. Notarize’s study found that lenders can save up to $444 per loan and title agents up to $100 per loan when using an eClosing solution. ICE’s study found that lenders can save 70 minutes per loan and shave 2 days off the loan cycle using the company’s hybrid eClosing system.