Plaza News + Updates

Plaza now offers a 100% digital closing experience for our Wholesale and Correspondent clients.

Now you can offer borrowers with eligible loans a simple and safe way to review, sign and execute all of their closing docs online. No face-to-face closing appointment needed and no more last-minute scrambling over missing signatures or documents. Talk to your Plaza Account Executive today or visit our information page to see just how easy it is to go digital.

On Monday, July 6, 2020, Plaza resumed lending on FHA 203(k) renovation loans! We will continue to monitor the market and will announce plans for resuming Fannie Mae^® HomeStyle^®, Freddie Mac CHOICERenovation^® and VA Renovation options in the future.

Plaza now accepts Remote Online Notarization (RON) for eligible Fannie Mae^® and Freddie Mac purchase and refinance loans. Fannie Mae and Freddie Mac accept RON in a majority of states and where county jurisdictions accept electronic filing of closing documents. Now your borrowers can schedule an appointment to sign documents with a notary virtually, through an online recorded audio/video session.

See how Loanpal^®, a national mortgage bank, successfully mitigated a $110K indemnification on a defaulted loan thanks to Plaza’s Certified Loan Program. The majority of the loss, over $87,000, was covered by the Certified Loan Program – with no upfront fee.