On the last day of March, history was made in Alabama with the first 100 percent remote lender closing on a home.
Homebuyers Eli Rollins and Aubrey Mavin sat down in front of their computer, while employees with RealtySouth, TitleSouth LLC and Prosperity Home Mortgage did the same at their respective locations. The goal was to get the paperwork done so that Rollins and Mavin could take ownership of the home.
“This couldn’t have happened within two business days of Alabama Governor Kay Ivey’s proclamation without the coordinated efforts and our affiliated partners, TitleSouth LLC, RealtySouth and Prosperity Home Mortgage,” said Richard Grimes, president and CEO of RealtySouth.
TitleSouth LLC President Amye von Seebach said, “We have forward thinking people in all of our divisions who have been working on remote closing solutions long before the COVID-19 was a health threat. That is why we were able to mobilize this safe option so quickly the moment we had legislative authority to do this with success.”
Tim Wilson, CEO of Prosperity Home Mortgage, gave consent to the tele-notarization closing within hours of Ivey’s proclamation. Alabama PHM Regional Manager Wendie White said, “I do not know of any other lender who has agreed to allow this type of tele-notarization closing yet, this was the first.”
