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9.5 Intrastate Remote eNotarization

Subject to the provisions of this Section, loan documents related to eMortgages may be notarized using eNotarization (including Remote eNotarization). In states that do not permit Remote eNotarization, each borrower must be physically in the...

Resources > FAQ > Chatpter-9-EMORTGAGES > 9-5-Intrastate-Remote-eNotarization

9.6 Eligible eMortgage Types and Products

Upon obtaining prior written approval withfrom PHH, Mortgage the Client may sell most eligible conventional first lien mortgages to PHH as eMortgages. This includes fully amortized fixed-rate and adjustable-rate mortgages. The following are not...

Resources > FAQ > Chatpter-9-EMORTGAGES > 9-6-Eligible-eMortgage-Types-and-Products

9.7 Proof of Borrower Consent

Upon delivery of each Loan originated as an eMortgage, the Client must provide PHH with the borrower’s consent to receive and sign documents electronically from each borrower who signs a document electronically, as well as each borrower to...

Resources > FAQ > Chatpter-9-EMORTGAGES > 9-7-Proof-of-Borrower-Consent

Chapter 10 Loan Purchase
When a loan is eligible for purchase, PHH will net fund loans based on the calculation of:
  • Base price as registered in the system
  • Accrued interest - interest is calculated based on 365 days for all Loans
  • Applicable...

Resources > FAQ > CHAPTER-10-LOAN-PURCHASE > CHAPTER-9-LOAN-PURCHASE

Chapter 11 Post Funding Final Documents
If certain required closing documents cannot be delivered at the time the loan is purchased, PHH permits delivery of these documents following the purchase of the loan. The time permitted varies by the document and each is addressed later in this...

Resources > FAQ > CHAPTER-11-POST-FUNDING-FINAL-DOCUMENTS > CHAPTER-10-POST-FUNDING-FINAL-DOCUMENTS-(1)