There is plenty of inaccurate information circulating about eClosings, which could make many professionals understandably tentative to take the leap in the all-digital marketplace.
Fortunately for attendees at the 2019 National Settlement Services Summit (NS3) June 18-20, Equity National Title President and attorney James K. O’Donnell will be bringing his ground-level experience doing all manner of eClosings to the stage during the NS3 session “eClosing: Just do it” at the Arizona Biltmore Resort in Phoenix. O’Donnell will be joined by Shane Hartzler, director – eMortgage strategy and operations for Fannie Mae, in the presentation.
During the session, O’Donnell will help the audience separate fact from fiction and explain what concrete benefits borrowers, title agents and lenders see as a result of incorporating eClosings into their repertoires.
“I would say there is still an awful lot of sizzle from states out there, and what people are latching onto is this vision of what eClosing is, and that vision, frankly, is a bit elusive,” O’Donnell said. “That picture does not exist in a meaningful number of jurisdictions across the country.”
Industry professionals often fail to look beyond perceived obstacles to conducting eClosings, not recognizing that there are multiple options available to them to get started without having to completely upend all of their well-established processes, he explained.
“There are some practical concerns to navigating the barriers to getting started – just doing it,” O’Donnell said. “I’ll basically share our observations and experiences from doing all versions of eClosings over the years.”
With more than 20 years of industry experience – the past four of which have been in the eMortgage space – O’Donnell understands the pros and cons of eClosings and said he has seen more of the former.
For more information on the 2019 NS3, including the agenda and a list of speakers, click here. You can register for NS3 online or click here to get information on how to register via mail, fax or phone.