Webcam Notarization Endorsed By Fannie Mae, Freddie Mac
The controversial process of webcam notarization received a noteworthy endorsement earlier this month when Fannie Mae and Freddie Mac recommended the technology for use in mortgage closings.
The two Government Sponsored Enterprises (GSEs) were responding to a request from a special task force of the National Association of Secretaries of State (NASS) set up to study the issues surrounding webcam notarizations.
In a joint letter to the task force, Fannie Mae and Freddie Mac wrote that they “strongly support” removing the barriers to electronic notarization, including “remote electronic notarization, whereby the requirement for the ‘personal appearance’ or the ‘presence’ of the signer is satisfied via a live audio and video connection.”
More here…
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