Paperless Closings-Going Green in Small Steps
Published on Sunday, 26 June 2011 04:08 Written by Lawrence D. Brudy & Associates, Inc.
After several years of discussions involving lenders, title companies, recorders’ offices, notaries and the like, the real estate industry has yet to join the “green campaign” to help bridge the gap between the voluminous use of paper at a real estate closing to a pain free more environmentally friendly paperless closing. Lenders, real estate companies and vendor management companies have “managed” the process of real estate on a national level but closings are conducted on a local level in accordance with that area’s custom and practice.
Lawrence D. Brudy & Associates, Inc. has joined the pulp free—green movement by conducting paperless refinance transactions with selective lenders.
Paperless refinance closings are conducted in the office with the aid of a wireless laptop computer. The process is efficient and cost-effective to the lender, consumer and the firm. The cost savings are passed on to the consumer. For both refinance and purchase transactions, all copies are “burned” to a CD and given to the buyer/borrower at the end of closing. Additionally, the firm stores all real estate transactions electronically, thus eliminating multiple copies and the need for extra storage costs.
Contact any associate at (724) 935-1400 for more information or use our contact form to send us a message.