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Last updated on February 2nd, 2021 at 05:51 pm
About Amrock – A leading national provider of title insurance, property valuations, and settlement services.
The company delivers FinTech solutions to streamline the real estate and mortgage experience for lenders, consumers, and real estate professionals.
Amrock is a preferred provider to top retail mortgage lenders, with a wide range of clients throughout the residential and commercial real estate finance industries.
Driven by thousands of professional partners and team members nationwide, Amrock is headquartered in the heart of downtown Detroit, Michigan with regional service centers in California, Pennsylvania, and Texas and additional locations in several other states.
About Quicken Loans / Rocket Mortgage – Detroit-based Quicken Loans, the nation’s largest home mortgage lender, enables the American Dream of homeownership and financial freedom through its obsession with industry-leading, digital-driven client experience.
The company closed $145 billion dollars of mortgage volume across all 50 states in 2019. In late 2015, Quicken Loans introduced Rocket Mortgage, the first fully digital mortgage experience.
Currently, 98% of all home loans originated by Quicken Loans utilize Rocket Mortgage Technology.
Quicken Loans moved its headquarters to downtown Detroit in 2010. Today, Quicken Loans and the Rock Family of Companies employs more than 19,000 full-time team members in Detroit’s urban core.
The company generates loan production from web centers located in Detroit, Cleveland, and Phoenix and operates a centralized loan processing facility in Detroit.
Quicken Loans was named to FORTUNE magazine’s “100 Best Companies to Work For” list in 2019 and has been included in the magazine’s top 1/3rd of companies named to the list for the past 16 consecutive years.
So the nation’s largest mortgage lender – Quicken Loans, along with the nation’s leading electronic closing (eClosing) provider- Amrock, completed North Carolina’s first-ever Remote Online Notarization (RON) mortgage closing.
A Model has been set for consumers and notaries in the state to securely sign electronic documents remotely from different locations with the Emergency Video Notarization law in North Carolina that has enabled the implementation of RON eClosings.
In this pandemic situation of social distancing, it has created a safe and convenient solution for mortgage transactions.
Jay Farner, CEO of Quicken Loans. “Pioneering this technology in North Carolina was a priority for Rocket Mortgage.
We are consistently driving digital solutions to antiquated problems and we continue our mission to have RON adopted in all 50 states.”
It was Quicken Loans, which became the first mortgage lender to offer eClosings in all the 50 states of the USA in 2019.
Likewise, Amrock has successfully completed 85% of all eNotes in the U.S. in 2020. This has made it convenient for consumers across the country can work with these 2 pioneers in their field.
Please check the eClosing eligibility as it varies depending on individual state legislation and other factors.
With the spread of the coronavirus pandemic, digital solutions became the need of the hour in the mortgage industry. Currently, 26 states have legislation in place permitting RON eClosings, with 17 of them actively conducting them.
The balance of states has enacted emergency legislation or executive orders providing temporary authorizations allowing notaries to perform electronic closings of some sort – including North Carolina.
Brian Hughes, CEO of Amrock said: “We are focused on innovations that remove pain points from mortgage transactions and make the process easier for the end client, I salute North Carolina’s Secretary of State’s efforts to move the mortgage closing experience online and enable clients and closing agents to quickly, securely and safely work together.”
North Carolina Secretary of State Elaine F. Marshall has a longstanding mission to bring the state’s business practices into the 21st century.
An aspect of that is creating an environment suitable for fast and secure homebuying experiences for consumers, notaries, and lenders alike.
Secretary Marshall said “North Carolina’s many years of leadership and preparedness in making eClosings an important option for consumers has never been more important than it is now in the face of this global pandemic.
The passage of the temporary Emergency Video Notarization law was paramount to ensuring vital real estate and business transactions could move forward, while also considering the health and safety of all involved.
I commend Quicken Loans and Amrock for taking this major step forward here in North Carolina.”
Reference Source: PR Newswire
