United Wholesale Mortgage (UWM) has expanded the reach of its virtual e-closing capabilities to 12 more states.
In addition, the service is now available for purchase loans.
Originally offered in Illinois, Montana, Virginia and Washington, the company now offers its digital closing service in Alabama, Florida, Indiana, Kansas, Maine, Maryland, Missouri, Nebraska, Nevada, New Hampshire, Ohio and Tennessee, according to a release.
UWM continues to partner with Boston-based Notarize to make the technology available to consumers.
The expansion means borrowers in a total of 16 states can now obtain mortgages through brokers working with UWM via a fully online, all-digital process.
Notarize launched in July and was limited to refinance loans and used one specific title company to complete the process.
This new version is applicable to both purchase and refinance loans, and allows borrowers to select their own UWM-verified title company.
“Making virtual e-closing technology available in more states and opening it up to purchase business is a huge deal as even more mortgage brokers and borrowers have access to the easiest, most convenient closing process possible,” says Mat Ishbia, president and CEO of UWM. “Virtual e-closing is available in 16 states now, and we expect this will be the way all closings are done in the near future.”