As this year comes to a close, LenderClose took a look back at the most-read articles on our website. To no one’s surprise, all five articles referenced pandemic-influenced innovative technologies and problem-solving solutions. Take a look…
1. LenderClose and Iowa Credit Unions Complete Iowa’s First-Ever Remote Online Notarizations to Close Mortgage Loans
Five credit unions and counting participate in remote online notarization with the fintech CUSO. LenderClose today announced it has made history by executing the first-ever remote online notarizations (RONs) to close a mortgage loan in Iowa. The closings are part of LenderClose’s newly launched RON solution.
2. Here’s What the 5 Biggest Innovations in the History of Lending Technology Have in Common
As the modern financial services market experiences a rapid influx of advanced technology, there are many choices before the nation’s credit unions and community banks. But if history has shown us one thing, it’s that innovations designed with the borrower in mind have the most significant and long-term impact.
3. The Problem Lenders Don’t Know They Have
2020 has been a year for the ages. Despite the rollercoaster of events, do you feel that your lending department is still running pretty well? You probably have a solid team in place, your processes are nailed down, and maybe even despite a backlog, you’re consistently turning around real estate loans in about 40 days.
Sounds pretty great … or is it?
4. The 5 Things Loan Officers Should Stop Spending Time on Today
Gone are the days when getting a loan meant putting on your finest duds to meet with a loan officer. It’s also not helping matters that we’re months-deep into a pandemic that has made everyone wonder if putting on pants and going anywhere is a relic of the past.
5. LenderClose eRecording Network Expands
In 2019, LenderClose fully integrated the nation’s largest e-recording network. The network serves approximately 85% of the U.S. population, enabling counties and other recording jurisdictions to drive down processing time and costs by securely reviewing, stamping, recording and returning documents electronically and remotely.