First American Title Insurance Co. and Taylor Morrison Home Corp. have completed 500 hybrid eClosings using First American’s eClosing solution, the companies announced.
The companies said the eClosings took place in Arizona, California, Colorado, Florida and Texas.
“After more than 500 completed hybrid eClosings, we’re consistently seeing closing appointments reduced to an average of 20 minutes and homebuyers are grateful for the ability to preview documents in advance and to have a shorter, more convenient signing event,” First American Title Homebuilder Services Division President Joe Tavarez said in a release marking the milestone. “Equally important, lenders appreciate the ability to offer homebuyers the convenience of a hybrid eClosing with minimal process changes and no additional fees. We expect to aggressively ramp up hybrid eClosing transaction volume in the months ahead.”
With its eClosing solution, First American facilitates the digital settlement process and provides title insurance.
“We can offer our customers a new level of service, transparency and peace of mind by allowing them to preview their closing documents in advance of the close date,” Taylor Morrison Executive Vice President Tawn Kelley said. “The speed and simplicity of eSigning exceeds customer expectations as they complete the final steps in their homebuying journey.”