Wyndham Capital Mortgage Builds the Modern Mortgage Company, Launches Online Closings with Notarize
2019 has been an incredible year of momentum. From scaling the largest lenders in the country, to opening up our title agent network nationwide, we've now facilitated more than $8 billion of real estate entirely online.
Today we're excited to share that Wyndham Capital Mortgage has officially launched 100% online closings with Notarize, to truly bring their vision of a modern mortgage company to fruition. Completing their first digital closing in under an hour, a borrower in Virginia was able to close on his loan without leaving the house.
“Our first closing went as smooth as it could have gone with Notarize,” said Daphne Beumer, Director of Closing and Post Closing at Wyndham Capital Mortgage. “As soon as the closing was complete, I emailed our executive team saying we needed to expand this offering to as many states as we could. This truly changes the dynamic of the traditional closing."
First American predicted earlier this year that 65% of the real estate industry would adopt remote online notarization and digital collaboration tools, and we're seeing that hold true at Notarize. Lenders using Notarize to power their borrower experience have completed more than 10,000 closings online in the last six months alone, and within the last year, we've facilitated billions of home closings on our platform.
To be a modern mortgage company, companies need to use technology to make the last mile of the closing better. We believe that Wyndham, along with its partner Silk Title & Escrow, are leading the charge, and setting the bar high for the rest of the industry on how to make the home buying experience better.