The company expands its refinancing product to streamline title and escrow processes
In response to a growing demand for digital mortgage products, Seattle-based JetClosing has deployed a new digital refinance offering, JetClosing Refinance.
The company announced that JetClosing Refinance is now available in Arizona, Colorado, Nevada, Texas, and Washington.
"Even before COVID-19, we witnessed a significant increase in demand for technological solutions that streamlined title and escrow processes," JetClosing CEO Dan Greenshields said. "Now, JetClosing Refinance allows homeowners to refinance their investment to take advantage of historically low rates from the comfort and safety of their homes, eliminating the need for face-to-face interactions and adhering to the CDC's social distancing guidelines."
The new refinancing product features an all-inclusive flat fee rate and a complementary online and mobile notary for signing. Additionally, JetClosing Refinance offers a free online rate calculator that can be accessed through the company's website dashboard or mobile app.
"The impact of the pandemic on single-family real estate – especially in regard to mortgage rates and refinancing – has been tremendous. Lenders have not only been challenged by the sheer volume of refinancing orders, but also a need to fill these orders digitally," said Alan Chang, vice president of title operations at JetClosing. "As a company, JetClosing was built to operate fully remotely, so expanding our refinancing product to give lenders and homeowners a secure digital workflow to fill these orders is a natural fit for us."
