The 'forgotten cog' in the real estate machine during coronavirus

  • April 3, 2020
  • National Mortgage News

"There are some practical areas people are running into with county offices shutting down and having the inability to record the deed or the title and then get title insurance," Willy Walker, chairman and CEO of Walker & Dunlop, said in an interview. "My understanding is 88% of the counties across America have e-filing, but I've run into some very big counties over the last 24 hours that don't. Others were trying very hard to get recordation and mortgages processed in county offices working remotely, making sure there's no other first lien on the asset ahead of the loan [so as to] then be able to get title insurance."

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