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Making eClosing a reality today in auto lending
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Consumer Protection
Monday, September 14, 2015
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When the Consumer Financial Protection Bureau published a report last month on its “Know Before You Owe” eClosing pilot project, which solidified its hunch that borrowers can benefit from electronic closings when navigating the mortgage closing process, the bureau received a virtual high-five from an unlikely source: Ace Christian, chief vision officer for SecureClose, an automated loan closing process for buy-here-pay-here auto dealers. That’s because for Christian, eClosings are “been there, done that.” Read on as he shares his experience of developing an eClosing system for his industry, and how he feels the mortgage industry stands to benefit from following his lead.
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