Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Paperless mortgage closings offered at Mountain America
SALT LAKE CITY (2/4/11)--Members of West Jordan, Utah-based Mountain America can now close their mortgages electronically, the $2.77 billion asset credit union announced. "Members can accomplish their mortgage closings in an eco-friendly way," said Jeanie Olsen, Mountain America's vice president of mortgage services. "With all of the documents viewable online, paper can essentially be eliminated from the process. No longer do home buyers have a stack of closing documents an inch or more thick--they can sign electronically and receive all of their documents on an easily transportable flash drive," she added. The credit union also provides access to the documents online after closing, if needed, she said. Members buying homes can access and preapprove most of the documents online before the closing through a paperless mortgage closing service called Quick Close. The service is the primary communication and document delivery vehicle, where title agents, real estate professionals and lenders meet to compile the entire closing package from a secure website. It is powered by SureClose, a paperless transaction management system developed by PropertyInfo Corp., a Stewart company. Title offices that set up Quick Close and eClosingRoom, a program also provided by PropertyInfo, can close mortgages using designated computers and electronic signature capture pads. Mountain America members simply sign any remaining closing documents on the personal computer and sign a digital signature pad once. That signature is then affixed to all of the closing documents, said the credit union's press release.


RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
1 Day ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
1 Day ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
1 Day ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
1 Day ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
1 Day ago