Ginnie Mae Permits eSignatures And RON For 'Paper' Mortgages

National Mortgage Professional

KEY TAKEAWAYS

  • Due to the far-reaching impact of the COVID-19 pandemic, Ginnie Mae hereby permits the use of electronic signatures and remote online notarization for loan modification agreements on "paper" mortgages.
  • The transition to digital signatures and notarizations provides flexibilities that would benefit both Issuers and borrowers in the government-backed mortgage segment. 
  • All approved Ginnie Mae Issuers are permitted to use electronic signatures when executing loan modification agreements.

Read More Here!