Industry Insights

eClosing Definitions

February 18, 2021 - Posted by Editor


A mortgage where the critical loan documentation, at a minimum the Promissory Note, is created, executed, transferred and ultimately stored electronically.


A MISMO SMART DOC that must be tamper-sealed, which is a special type of digital signature that guarantees data integrity and attaches a date and time stamp to the signature, ensuring the document cannot be altered after signing.


The act of electronically affixing a notary signature and acknowledgement to a document, which is authorized in most states. Remote notarization refers to a notary process that occurs online much like an online meeting. This process is recognized in an a smaller, but quickly growing number of states.


A closing process where one or more of the required closing documents are accessed, presented and signed electronically:

• Full eClosing: All documents, including the eNote, are signed electronically.
• Hybrid eClosing: The Promissory Note is papered out and wet-signed, as well as at times the mortgage document, while all other documents are electronically signed and notarized.

Download Our eBook


Advantage AVM Cascade: Get Better Results and Lower Costs
Mar 2, 2021 by Editor

The Advantage AVM Cascade solution ensures that the best possible AVMs are always in the lead positions of your cascades, guaranteeing the highest...

Continue Reading
Why We Are Renewing Our SOC2 Type 2 Certification
Feb 19, 2021 by Editor

I read something last month on how SOC2 certification was making compliance attractive again. My first thought – I must have missed something;...

Continue Reading
eClosing Definitions
Feb 18, 2021 by Editor


A mortgage where the critical loan documentation, at a minimum the Promissory Note, is created, executed, transferred and ultimately...

Continue Reading
Hybrid Closings
Feb 8, 2021 by Kyle Kauss
{% video_player "embed_player" overrideable=False, type='scriptV4', hide_playlist=True, viral_sharing=False, embed_button=False, autoplay=False,... Continue Reading
The Endless Benefits of a Centralized Title Model
Jan 8, 2021 by Editor

While the long-standing trend has been to migrate to a centralized title model, we recently met with an industry friend that had just left a...

Continue Reading
The Top 5 Takeaways From ALTA One 2020
Nov 6, 2020 by Maura Snabes

The latest annual American Land Title Association (ALTA) One Conference was going to be held in New York, but, due to COVID-19, was held...

Continue Reading
The Benefits and Future of Virtual Appraisal Inspections
Oct 15, 2020 by Editor

They say, ‘Necessity is the mother of invention.’ Truer words have never been spoken when it comes to how the mortgage industry has been flipped...

Continue Reading
Title & Closing for Regional Lenders: Time for a Centralized Model!
Aug 17, 2020 by Jerome Jelinek

While regional lenders have historically narrowed working relationships to a few AMCs and home equity title, valuation & flood vendors, the...

Continue Reading
RON vs. RIN—What’s the Difference?
Jun 3, 2020 by Maura Snabes

When the COVID-19 pandemic hit and stay-at-home orders were passed, businesses were scrambling to figure out how to proceed with their...

Continue Reading
2020 Real Estate Predictions
Dec 30, 2019 by Maura Snabes

1. Mortgage rates remain favorable.

Mortgage rates currently sit at 3.75% according to Freddie Mac’s most recent numbers and there seems to be a...

Continue Reading