escrow officers with bogus accounts so that monies were wired to their accounts and not the borrowers.
Same goes for the borrower's email getting hacked and borrowers ending monies to fake escrow accounts.
I agree in that this "new" thing is most likely a legal safety measure for TC's/Lenders so that they do not get sued by the borrowers if a closing goes bad due to hacking.
I think that they (tc/lender) believe having these notarized will somehow protect them from being liable should a closing go bad due to hacking. Somewhere in the line that they're responsible for not being able to protect BO NPPI via email.
However, not legal advice, not an attorney, just a guess.
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