Make any table the closing table.

Key Difference

• FlashClose℠ eClose:

Skip the closing table! The borrower has the convenience to complete the closing online, where they want. All documents are eSigned and the notarization is completed via secured webcam with licensed, remote notary. This entire process is done completely through the Stavvy platform. This type of closing is approved in 47 states.*

• FlashClose℠ Hybrid:

Speed up the process! Allows borrower to review and sign most of documents ahead of time, which shortens the closing appointment. A portion of the closing package is eSigned and the remaining documents are notarized in-person by a Certified Notary or Closing Agent. This is approved in all 50 states.**

Benefit of eClose

• Convenience!

Borrower can skip the closing table and complete online closing via webchat on their closing day.

• Accuracy!

All docs are electronically signed so there is less opportunity for error or missed signatures on files.

• Streamlined!

No wet signed docs, less confusion working with Title and Settlement Agent.

Considerations for eClose

• Any eligible Refinance; Purchase transactions (limited basis only).
• Savvy borrower that just wants flexibility in their closing.
• Transaction expiring and the borrowers are not available to close.
• Co-Borrowers in different locations.
• Borrower travel often or work makes it difficult to schedule a closing appointment.
• Closing with POA because of borrower/co-borrower availability issues.

Is eClose legal?

• There are two vital people who make the process legal: an underwriter who will insure the transaction and a county clerk that will accept the eRecordings as valid.

* Not eligible for all loan types, or investors. Conventional loans only. Eligible for primary, 2nd home and investment properties. Title company restrictions may apply, not eligible for HFA programs. Full eClose is not currently eligible in California, Connecticut, Delaware, Georgia, Maine, Massachusetts, Mississippi, New York, North Carolina, Rhode Island, South Carolina, Vermont, and West Virginia.

** Not eligible for all loan types or investors. Eligible for conforming and jumbo loans as well as primary, 2nd home and investment properties. Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Title company restrictions may apply, not eligible for HFA programs. Contact Rate for current rates and for more information.