An executive with the Minneapolis, Minn.-based Wolters Kluwer Financial Services predicted that closing residential mortgages using e-signature technology and short educational videos will be the next regulatory frontier in real estate lending.
Art Tyszka, general manager for residential lending at the firm, predicted the CFPB's deep and ongoing interest in consumer education and mortgage e-closings will lead more lenders to begin using e-closing technology during the mortgage closing process.
The compliance technology and services firm supports 90% of U.S. banks, according to its website.
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