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United Wholesale Mortgage Makes Virtual E-Closing Available to Borrowers in 16 States, Now Includes Purchases

-Based Notarize to make the technology available to consumers.

"Making virtual e-closing technology available in more states and opening it up to purchase business is a huge deal as even more mortgage brokers and borrowers have access to the easiest, most convenient closing process possible," said Mat Ishbia, President and CEO of United Wholesale Mortgage. "Virtual e-closing is available in 16 states now and we expect this will be the way all closings are done in the near future."

The pilot version of UWM's virtual e-closing technology with Notarize launched in July and limited to refinance loans and used one specific title company to complete the process. This new version is applicable to both purchase and refinance loans, and allows borrowers to select their own UWM-verified title company.

Alternate versions of e-closings offered by other lenders are not as efficient because they still require some documents to be wet signed and a notary or title company representative to be physically present. UWM's virtual e-closing technology, however, eliminates that step via its integration with the Notarize platform. A borrower can now close a loan from any computer, tablet, Android or Apple device with a web camera and internet connection. The technology allows for an online video chat and electronic signature to be used to sign all mortgage documents including the promissory note and mortgage.

Larry Suffredin: Candidate for Cook County Commissioner, 13th District

WTTW’s 2018 Voters’ Guide to the Cook County Primary is an online resource designed to inform voters about the candidates running for office in the March 20 election.

Candidates were given two minutes to tell voters where they stand on the issues, why they feel they are best qualified and what they intend to do if elected or re-elected. The messages were recorded at the WTTW studios at no cost to the candidates. The Voters’ Guide is an online version of Candidate Free Time, pioneered by WTTW in the 1992 race for U.S. Senate. This year’s Candidate Free Time is produced with and underwritten in part by the League of Women Voters of Cook County.

About this office: Cook County Commissioner

Seventeen elected Commissioners constitute the Cook County Board, the governing policy board and legislative body of Cook County. The Board sets policy and laws for the county regarding public health and public safety and oversees safety and maintenance of county highways. The Board approves the annual budget and oversees financial integrity of the County.

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