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How does the real estate closing process work in a COVID-19 world?

From shopping for a mortgage and looking for a real estate agent to touring homes and signing the real estate closing documents, the process to buy a home has long been an in-person transaction.

Despite massive competition in the industry to be first to move away from in-person requirements and release an “end-to-end digital mortgage,” there are still glaring parts of the real estate process that require people to meet face to face. These holes in the “fully online” process became blatantly obvious these last few weeks as the spread of the COVID-19 pandemic pushed the industry into unfamiliar territory.

Read the complete HW article here.

Housing Wire Bulletin

John A. Rodriguez

John A. Rodriguez is a Senior Mortgage Banker with iFinance Mortgage Inc. His passion is educating families and individuals to better understand the home loan process, to secure the best financing available, and then to protect their mortgage. Contact John today at jrod@ifminc.com or 949-456-7056! LinkedIn: http://ow.ly/fttL50xQAUi

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