What is eClose assist? eClose assist allows for a limited amount of documents to be signed in the presence of the Notary or Settlement Agent with the remaining of the closing package to be electronically signed from the borrower’s personal device.
For any questions, email us at eClose@fairwaymc.com
We have reached out to our partners at Ginnie Mae to confirm eligibility for Reverse HECM loans. Look for more information to come on status of this loan type
Yes, this is a hybrid signing experience. The borrower will meet with the Settlement Agent at closing just as they do today to wet-sign the notarized documents.
Yes, the attorney or settlement agent will be able to review all of the closing documents in the portal or in the closing package prior to settlement
The electronic portion of the signing will include 17-19 documents depending on the state. The wet-sign documents will include anything requiring notarization. (Including but not limited to Mortgage/Deed of Trust, Riders, Name Affidavit, Right to Cancel, Patriot Act, Mineral Rights)
Yes, settlement receives the wet signed documents as they do today and is easily able to print these documents prior to the borrowers arriving to closing
For any training requests or questions please reach out to eClose@fairwaymc.com to request a demonstration of the platform.
Yes, the closing package will include instructions for the mobile notary to access and sign the electronic documents.
Yes, RON's are now available for eligible files. Please see RON information on the home screen to learn more.
eClose with enote includes the electronically signed promissory note and is used on conventional transactions. The Hybrid eClose is a government; FHA, VA, or USDA only difference is no eNote allowed on government yet
Yes, the borrower will receive a copy of the signed electronic documents from the signing platform.
Our signing platform does not currently support batch signing.
No. Borrowers will not be required to view the documents prior to closing.
We do not have a "paper out" option today so Closer will simply request a redraw to paper. We are looking at this feature for future enhancements
Each borrower will receive the email with access to the electronic documents. They are able to login in separately to complete the eSigning on signing day.
eSigning is available today! Reach out to the eClose team at eClose@fariwaymc.com to get started.
Yes, The borrower will receive an email on signing day with a link to access and sign the electronic documents.
Yes, both Purchase transactions as well as Refinance transactions are eligible in: FHA, VA, and USDA are eligible for eClose Hybrid
Correct, same as today in returning the wet signed documents. Follow current procedures.
If you have any questions or need eClosing assistance please contact the Fairway eClose team at eClose@fairwaymc.com or 469-986-2230.