MISMO to Prioritize eMortgages in 2021
This year, eClosings surged as remote online notarization became more popular and consumers looked for alternative ways to close on a home. Moving forward, the Mortgage Industry Standards Maintenance Organization, a not-for-profit subsidiary of the Mortgage Bankers Association, will continue to focus on digital closings.
Over the final months of 2020, MISMO saw the number of companies with its RON certificate double to a total of eight companies.
As MISMO starts its new year under its first full-time president, Seth Appleton, the company was clear that the digital mortgage will be one of its top priorities.