“A Libertarian candidate for the Georgia House of Representatives has sued the state elections director after she disqualified nearly all of the petitions that had been collected in an effort to get the candidate on the general election ballot in November.”
Why are we still using Paper?
For many years we have extolled the virtues of a complete electronic real estate and mortgage transaction. Many folks have taken the arrows serving as catalyst to move a deeply entrenched, paper-intensive industry forward. Having met Fannie Mae back in 2002 (I saved the souvenir access badge) a handful of experts and true pioneers continue to chip away the barriers. As the overall market continues to gain strength and with the support and recent CFPB announcement-we may be closer that you think (I really hope so) – the time is ripe!
Hope you all had a wonderful Mothers Day..sadly, my Mom left us way to soon but left her 6 children, grandchildren and great children a legacy of wisdom and understanding that serves us well – today and for generations to come.
As the eldest, I was the ‘experiment’. As I look back I realize that I had the privilege of spending valuable ‘solo’ time alone as Mom, no doubt, was trying to figure out how to best in the World and along the way became my life’s CEO, teacher, coach, cheerleader, nurse, shrink, cook..well you get the picture. She was everything that she could be and that was more than enough- I’m so thankful.
Through the years, many have not had a chance to meet Mom but I always stated ‘as you know me you know my Mom’. Truth is that if I can be half of what my Mother was I would be the proudest person on the planet-Thanks Mom and to all you Mom’s that truly make a difference for generations to come.
I came across a post that captures the essence of my Mom’s wisdom …thought you might enjoy:
Notaries have been around for centuries, providing professional witnessing and ID verification of signers. But with the explosion of global e-commerce and more faced with needing a notary to conduct business, travel abroad, sign crucial medical documents, etc., the need for quick and easy document notarizations has also increased significantly. NotaryCam, http://www.notarycam.com is meeting that need with the most sophisticated system available for getting documents notarized online.
Not sure if you caught any of the buzz this week, but the Consumer Financial Protection Bureau (CFPB) has announced a new pilot program that is seeking partners to provide a more consumer-friendly real estate/mortgage electronic closing experience. Guess we can’t make the claim, but for all intents and purposes, we have been in an e-Closing pilot for nearly 2 decades. As a licensed bi-coastal REALTOR, the only thing that seemed to matter was to ‘close the deal,’ with the least amount of friction-so I would get paid my much earned ‘battle fee’ and my clients could move on with their life in their new dream home.
Back East in the late 80′s, we took our initial stab at improving the antiquated ‘sit-down’ closing experience/nightmare. Running into an entrenched status quo, we needed to change course, our first pivot. Moving on to the West Coast in the 90′s, and with the Internet coming into its own, we could envision a clear path to electronic closings by connecting all parties, documents and vendors over the internet and performing virtual closings anytime and from anywhere.
As an entrepreneur, I had my share of the typical roller coaster ride of a start-up. Most ideas just don’t pan out, but this proposition just made too much sense to give up on. We kept asking ourselves why would anyone NOT prefer to do it our way? Why would they want to drive to some out-of-the way location at a most inconvenient time or be tethered to paper, fax machines, scanners or expensive overnight courier services? Just didn’t make sense.
What was a simple idea, has turned into a life’s journey. I won’t bore you with the extensive eco system challenges and resentments we have faced but, as the CFPB believes, “There may be opportunities to leverage technology to solve some of the issues that cause frustrations for both consumers and professionals in the mortgage closing process.”
Finally! And we couldn’t agree more! Our second pivot came in 2012, NotaryCam. With thousands of satisfied consumer transactions and a 18-month Industry wide pilot including all stakeholders, the consumer now receives the ultimate convenience and speed of a complete e-Closing with the benefit of our professional e-certified notaries and the NotaryCam virtual solution.We are excited to see where we go next now that the CFPB has shown such an keen interest. Keep posted for further updates.