“To Measure is to Know” – Lord Kelvin

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.

The bottom line is that with an eClosing solution in place lenders can close loans faster with fewer errors and save more money than with an in-person or legacy paper process. These studies are an important step for our industry, and something we look forward to helping our clients understand. – Armando

Wolters Kluwer Acquires IDS

Wolters Kluwer recently announced the acquisition of IDS. IDS will become part of Wolter Kluwer’s Governance, Risk, and Compliance Group, a leading provider of compliance software for U.S. banks, lenders, credit unions, insurers, and securities firms. The acquisition further builds out Wolters Kluwer’s presence in the eClosing space. At the end of 2020, the company also acquired eOriginal.


MISMO Looking to Create Standards for eVaults

MISMO has issued a call for participants for its new development workgroup (DWG) focused on creating eVault standards that improve the current process, enhance digital mortgage scalability and help ensure the seamless transfer of eNotes to facilitate their sale to investors. The new eVault Standards DWG will work with industry participants, government agencies, and other stakeholders to create a single set of standards to streamline eVault operations.


Your MERS Annual Report is Coming

It’s never too early to start planning for your MERS Annual Report. Although it is not due until December 31, MERS servicers can submit the Annual Report beginning in June. Falcon Capital Advisors is one of a handful of approved Annual Report third-party review firms. We can schedule our review of your organization’s MERS policies and procedures to occur any time in the year and then work with you during the submission window to submit your Annual Report to MERS. Contact us at [email protected] to get started.


Servicers Going Digital with eModification

In a recent interview with DS News, Tim Anderson, the President of Evolve Mortgage Services‘ eMortgage Division discusses the benefits of eModification for servicers. Anderson said, “With an eModification, the entire loan modification process – including notarizing the new loan – can all be done online. An eModification enables servicers to process loan modifications more quickly and easily than they would under traditional, antiquated, paper-based processes.”


Snapdocs First to Achieve MISMO Certification for eClosing System

Snapdocs’ eClosing platform, procedures, and policies have been certified as compliant with MISMO’s requirements. Snapdocs is the first, and at the moment only, eClosing provider to achieve this certification from MISMO.


New Hampshire Completes First RON eClosing

Summit Title just completed the first RON eClosing in the state of New Hampshire. As consumers are increasingly demanding fully remote access to facilitate loans and mortgages, states are establishing or expanding RON measures, New Hampshire passed RON into law last year. Summit used Stavvy’s digital closing and RON tools.


Explore More

Falcon Digital Mortgage July Newsletter


I recently came across a study in the latest issue of theJournal of Structured Finance by MBA Chief Economist Mike Fratantoni about the acceleration of eMortgage adoption. The study looks at the jump in eMortgage adoption over the past few years, specifically fueled by the pandemic and why the market may currently be at a tipping point moving toward a period of more rapid adoption.

Falcon Capital Advisors Expands Leadership Team to Accelerate Growth


Alexandria, VA., August 4, 2022– Falcon Capital Advisors, a leading business advisory firm that provides strategic advice, technical expertise and engagement execution to financial institutions and government agencies, today announced that it has hired industry veteran Walter Allen as its Managing Director; Natisha Dawson as its new Director of Finance and promoted Ken Yoo to […]

Falcon Digital Mortgage July 2023 Newsletter


The Impact of Today’s Mortgage Market on Digital Investment This month, Falcon Managing Director Jim Voth moderated a HousingWire webinar titled Digital Lending in the Real World. Jim was joined by Kevin Wilzbach of Wolters Kluwer, Shane Hartzler of Stavvy, Teri Pansing of Fairway Independent Mortgage Corporation, and Josh Silber of Lennar Mortgage in discussing […]