Wyndham Capital Mortgage and Silk Title & Escrow Tap Notarize to Support Digital Closings
BOSTON--(BUSINESS WIRE)--Oct 9, 2018--Notarize, the first digital platform to offer a fully-online closing experience, has been selected by Wyndham Capital Mortgage, Inc., a direct-to-consumer mortgage lender licensed in 46 states, and Silk Title & Escrow, LLC, a national title insurance provider, to support fully digital real estate closings. Through the collaboration with Wyndham and Silk, Notarize is the first platform to support every type of closing, including hybrid and online, and positions Wyndham and Silk to scale operations into end-to-end eClosings.
“We are excited to see our partnership with Wyndham Capital and Silk Title & Escrow come to fruition,” said Pat Kinsel, CEO and Founder of Notarize. “This milestone is the result of our shared vision to create a better closing experience for every borrower. Notarize continues to offer the leading platform for every lender and every loan, helping to significant reduce costs while enabling any borrower to close on their loan from anywhere, anytime.”
Wyndham and its customers now experience greater efficiencies than what’s available with a traditional homebuying process, as borrowers can review, sign, and collaborate on key closing documents entirely online. As more and more secondary market investors accept eNotes, the flexibility to offer electronic or wet-sign closing documents enables Wyndham to continue enhancing their digital mortgage experience while building the foundation to support fully digital closings.
“Technology and innovation are core to Wyndham and our mission is to be at the cutting-edge of the consumer’s digital mortgage experience,” said Jeff Douglas, Chief Executive Officer and founder of Wyndham. “Leveraging our partnership with Silk and the Notarize platform for hybrid transactions today will enable us to move toward fully electronic closings tomorrow, all while providing a convenient and secure experience for our borrowers. The ability to provide our customers the convenience and value of an end-to-end digital mortgage experience remains Wyndham’s mission without sacrificing our hands-on, five-star customer service. To hear the excitement from our customers that they are able to close in as little as 30 minutes in the comfort of their own home, office, or local coffee shop has been very rewarding.”
“Through Silk and Wyndham’s long-standing strategic partnership the ability to offer digital closings was critical to maintain a competitive advantage in a rapidly changing marketplace and capture the operational efficiencies that are recognized through this advancement,” said Marc Trachtenberg, Chief Executive Officer of Silk. “It was through this shared vision and understanding of the complexities with secondary market investors, title insurance underwriters and state regulators, that the development of a hybrid digital closing was required as a necessary first step. Through extensive research, Silk and Wyndham identified that Notarize offered a best-in-class consumer experience, technology platform, and shared vision to develop the hybrid program. The results have exceeded all our expectations and will help push the industry forward.”
The positive feedback from Wyndham’s customers has been overwhelming. “I’m pleased with how simple the process was. I am very busy, so the convenience of being able to close in 30 minutes was wonderful,” said Leon P. “What a fantastic process. I wish we had the ability to do this with our last home. You can’t make it any easier than this,” said Richard R. Another customer, Jason J., said, “I loved being able to review my documents before signing. It left me feeling comfortable about the whole experience.”
To get started with Notarize, go to http://www.notarize.com/mortgage.
Notarize is the first notary public platform allowing any person or business to get their documents legally notarized online. Notarize is also the first company to enable an entirely online mortgage closing process. Founded in 2015, Notarize has helped tens of thousands of individuals and businesses get documents digitally notarized. For more information, visit www.notarize.com.
About Wyndham Capital Mortgage, Inc.
Wyndham Capital Mortgage Inc.is a leading digital mortgage lender that was founded in Charlotte, North Carolina in 2001 and has funded over 30,000 loans worth billions of dollars in loan volume. Wyndham Capital delivers one-of-a-kind experiences that earns customers for life through fast, agile technology. For more information, visit www.wyndhamcapital.com.
About Silk® Title & Escrow LLC
Silk® Title & Escrow LLC, a Delaware limited liability company (f.k.a. Silk® Abstract Company, a Pennsylvania limited liability company), is a National title insurance, search, settlement and escrow provider, focused primarily on collaborating with lenders to simplify and streamline their mortgage loan settlement processes to enable the closing of more loans in a more cost-effective manner. For more information, visit www.silktitle.com.
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KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS
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