SimpleNexus Congratulates the Mortgage Bankers Association for Targeting Federal Remote Online Notarization (RON) Legislation as a Priority of the National Advocacy Conference
LEHI, Utah, May 12, 2021 / PRNewswire / – SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today congratulated the Mortgage Bankers Association (MBA) for naming the legislation Federal on-line remote notarization (RON) as a central issue of its National Advocacy Conference.
“Our industry has taken drastic steps to give mortgage consumers the mobile and online home shopping experience they prefer, but existing notary laws prevent the change in technology,” said Founder and CEO by SimpleNexus. Matt hansen. “To date, only 32 states have enacted enabling legislation for the RON, preventing the housing finance industry from providing a wide range of US buyers with the security and convenience of an online closing ceremony.” remotely. SimpleNexus commends the Mortgage Bankers Association for leading the charge on this critical issue. “
The MBA coordinates with partners and association members to encourage Congress to reintroduce and enact the Law on Securing and Enabling Commerce Using Remote Online Notarization (SECURE Notarization Act) . Originally presented with bipartisan sponsorship as Senate Bill 3533 in March 2020, the SECURE Notarization Act would allow immediate use of RON nationwide with the minimum standards necessary to protect consumer data and provide certainty for interstate recognition of RON. States with existing RON laws would retain the flexibility to implement their own RON standards.
Each year, the MBA organizes housing finance stakeholders for its national advocacy conference to directly educate lawmakers on key industry policy priorities and to hear directly from elected officials. This year’s conference will be held virtually, May 11 to 12.
About SimpleNexus, LLC:
SimpleNexus is a homeownership platform that transforms the mortgage experience and connects borrowers, loan officers, real estate agents, and settlement service providers throughout the home buying process. a house. The platform’s native mobile toolset allows lenders to make, process and close home loans from anywhere with increased efficiency and convenience. Loan officers can manage their loan pipelines, order credits, set prices, send pre-approvals, sign disclosures, and run eClosings – all on the go. SimpleNexus gives borrowers a single sign-on experience, from home search, app, document download, eClose and beyond, for a more streamlined homeownership journey.
Twitter: @SimpleNexus #digitalmortgage #mortgagelending #RON @MISMO @MortgageBankersAssociation.
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