Ann Carrns – The New York Times
“Anyone who has purchased a home knows how stressful the closing of a mortgage loan can be.
A typical closing — the meeting to complete the loan — involves signing stacks of legal-size documents laden with financial jargon. Borrowers may be anxious about the amount of money involved and worry about whether they understand the forms they’re signing. Document packages can total 100 pages or more, and closings can take hours.
That’s why some lenders are starting to automate the process, using technology to create “e-closings” that require fewer paper documents.”