Author name: Ricky Vasquez

The overlooked notarizations quietly slowing mortgage workflows

Lenders have made meaningful progress in modernizing the closing process. eSignatures, hybrid eClosings, and remote online notarization have reduced friction at the signing table and improved the borrower experience where it is most visible.  That focus has paid off; digital closings move faster, require fewer manual corrections, and are easier to manage at scale than […]

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Mortgage industry baffled by Trump’s MLO order

A section of President Donald Trump’s recent executive order, titled “Promoting Access to Mortgage Credit,” caused confusion throughout the mortgage industry, seemingly addressing a nonissue. Processing Content Section 10 of the order called for “eliminating duplicative or unnecessary requirements regarding licensing or registration for mortgage loan officers of any smaller bank.” The directive fits with

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Chart showing ERISA asset classification: REMIC trusts count as plan assets, while RMBS indenture agreements do not.

REMIC servicers may have fiduciary duty under retirement law

A residential securitization trustee could be held to a fiduciary standard under federal retiree law as the Second Circuit Court of Appeals looked to split definitional hairs on whether the mortgages are considered plan assets. Processing Content The case was brought by six trustees of the United Food & Commercial Workers Union & Employers Midwest

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