Fairway ExpressClose Paves The Way With Innovative eClosing Technology
MADISON, Wis., June 5, 2020 — Fairway Independent Mortgage Corporation is providing consumers with the most efficient closing solutions in the industry. During the COVID-19 pandemic, Fairway ExpressClose® has provided an outlet for borrowers to safely close their home loan remotely while receiving the same speed and service Fairway is known for.
At Fairway, the eClose process is streamlined and gives borrowers a variety of closing options. These options include a hybrid process that allows for a combination of electronic and wet-sign documents as well as a full eClose option that allows consumers to eSign all documents, including the promissory note, security instrument and notarized documentation with settlement.
“At Fairway, we strive to make the closing process a simple one for our customers,” said Cindy Porterfield, SVP Closing and Funding. “Fairway ExpressClose® is just one way we are introducing cutting-edge technology to our customers and creating a more convenient mortgage experience.”
Fairway is currently an industry leader in digital mortgage closings throughout the United States. Year-to-date Fairway has closed 2,850 loans through eClose and has issued 2,085 eNotes. These numbers make Fairway #2 in the industry.
As industry leaders, Fairway strives to introduce new technology like Fairway ExpressClose® into the marketplace that will improve the loan process while maintaining the quality of service consumers have grown to expect.
To learn more about Fairway ExpressClose®, please visit www.fairwayexpressclose.com.
About Fairway Independent Mortgage Corporation: Fairway Independent Mortgage Corporation (NMLS #2289) is a full-service mortgage lender with a wide array of innovative products that can help make homeownership more affordable with the speed and service their clients deserve. Fairway is dedicated to finding great mortgage options and providing some of the fastest turn times for its buyers. We strive to exceed expectations, guarantee satisfaction and earn trust.
What are the different closing types?
All closing documents are wet signed at settlement.
Paper (Traditional) with E-Note:
The closing documents are wet signed – except for the Promissory note to be E-Signed at settlement.
A combination of E-Signed and wet signed documents. Security instrument, note, and notarized
documents are wet signed, all other documents E-Signed at settlement.
E-Close Hybrid with E-Note:
A combination of E-Signed and wet signed documents. This option includes an E-Signed note. The
Security instrument and notarized documents are wet signed at settlement.
All documents including Promissory note, Security instrument, and all notarized documents are E-Singed
and E-Recorded at settlement. Only where allowed by state and municipality. Also, where permitted by
loan type and product.
RON (Remote Online Notarization):
All documents including Promissory note, Security instrument, and all notarized documents are ESinged and E-Recorded. Only where allowed by state and municipality. Also, where allow by loan type
and product. Closing would take place virtually with all parties logging in remotely to attend settlement.
The Advantages of Express Close®
What loans are eligible for eClose?
Currently, not all loans are available for eClose, but we’re always working to improve our services.
- Conventional Fixed & ARM
- FHA Fixed & Arm
- VA Fixed & Arm
- USDA Fixed
- Non Obligated Borrowers
- Manufactured Homes
- TX Home Equity