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eClosings… They’re Here

eClosings… They’re Here | Blog | Two Rivers Title Company

Today, just about everything in the home buying process is automated. Purchasers search for real estate online, even taking virtual tours of potential favorites. Buyers get pre-approved for their mortgages and complete much of the paperwork through electronic forms and communication. However, when the final, and some of the most important, steps arrive, the closing process seems to come to a digital halt with both parties required to sign official documents with a notary present.

The idea of eClosings, or remote closings, has been around for quite some time with several states performing various versions of them. Most recently, North Carolina completed its first ever eClosing in May. Since then, the process was taken a step further with promises of parties being able to close without ever leaving their homes. Whether the initial plan for eClosings, where the closing is paperless but parties are still required to be present and sign documents, with a Notary present, on a mutual tablet; or this recent step removing the need to ever meet, it seems clear that eClosings will soon close the electronic gap in the closing process.

The following articles discuss the most recent innovations in eClosings:

North Carolina Officially Completes First-Ever eClosing
Housingwire, May 10, 2017, Brena Swanson

United Wholesale Completes First eClosing
Housingwire, August 9, 2017, Kelsey Ramirez

The Future is Bright for E-Mortgages: An Overview of Relevant Laws and Requirements
ALTA Title News page 24, August 2017, Michael Gordon and Rajasekhar Penugonda

Filed Under: Industry News Tagged With: North Carolina, United States

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Two Rivers Title is licensed in NJ, NY, PA and FL. Find us at one of our convenient locations.

855-751-7100 [email protected]

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Get In Touch

Two Rivers Title is licensed in NJ, NY, PA and FL. Find us at one of our convenient locations.

855-751-7100 [email protected]

Office Locations

Two Rivers Title Company LLC

Two Rivers Title promises peace of mind, and we deliver. Two Rivers Title is a multi-state title and escrow company that focuses on providing its clients and customers with the highest levels of communication, expert title solutions and creative closing options. With an unmatched level of professionalism, genuine caring and the ability to creatively resolve even the most challenging issues, Two Rivers Title has earned a reputation for high quality and outstanding service.

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