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E-Closings – The Future of Real Estate Closings

October 10, 2017

The mortgage industry has been struggling since the implementation of the TILA-RESPA Integrated Disclosure (TRID) Act to produce and deliver accurate documents to consumers on a significantly shortened timetable. It seems that adopting electronic closing (e-closing) procedures should have become mainstream procedure by now, yet it remains on the fringe of common practice. Consumers and investors have played a role in this delay, along with lenders themselves, despite the Consumer Finance Protection Bureau's (CFPB) advocacy for using e-closing procedures. Why would the mortgage industry and its consumers resist a change that will produce more efficient closings with better accuracy?

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Madison Marquette is a leading private real estate investment manager, developer, operator and service provider headquartered in Washington, DC. Founded in 1992, the company’s reputation is built on the successful development, repositioning and redevelopment of commercial mixed-use assets in major gateway and emerging high-growth markets throughout the United States. Madison Marquette partners with global institutional and private investors to achieve industry-leading investment performance across asset classes. In addition, the firm provides integrated management and leasing services to many of the most sophisticated institutional owners in the industry. On behalf of owners and investors, Madison Marquette provides insight, and often innovative incorporation of retail, that results in high-performing and unique real estate destinations that add long-term value to their communities. Current high-profile projects include The Wharf in Washington, D.C., the redevelopment of the Asbury Par

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E-Closings – The Future of Real Estate Closings