How Remote Online Notarization Makes Mortgage Closings Easier

KEY TAKEAWAYS 

• Remote Online Notarization (RON) is making mortgage closings more convenient, efficient, and secure
• The potential impact of RON in the mortgage industry could be significant if the SECURE Notarization Act is passed
• NotaryLive offers RON services that provide security, adaptability, and customization options for businesses in need of notarizations

Remote Online Notarization (RON) makes closings easier for loan signing agents, mortgage brokers, and people refinancing.

Never before has the process of notarizing documents been so easy, convenient & secure.

If Congress passes the SECURE Notarization Act, the mortgage industry could change quickly. The law would make remote notary sessions legal in all 50 states.

In states where RON is legal, early adopters already see the benefits. With NotaryLive, your mortgage closing business can benefit as well.

MISMO, a leading authority in the mortgage industry, has certified NotaryLive. This endorses remote online notarization for mortgages.

For more information about our MISMO certification, read this article.

1. How is RON making mortgage closings easier?

Convenience & Efficiency

Remote online notarization eliminates the need fgor all parties to be in the same room. 

Instead, the remote online notarization process allows the notarization to take place online via audio/video call. This approach is more convenient for the notary and the signer. It is practical and helps teams complete mortgage closings faster.

In a fast-moving market, the efficiency that comes with the streamlined process of RON can make a big difference. 

If you used to search for a notary near me, RON removes that step and brings the notary to you.

For more information on how RON works for people who need a document notarized, visit our home page. For more information on how to use RON as a notary, visit our notary center.

Security

Not only is it more convenient, but using RON services is more secure than using an in-person notary. 

Unlike a traditional wet signature process, remote online notaries work by audio/video on a computer or mobile device. NotaryLive records each session to verify the transaction if a dispute arises.

NotaryLive adds extra security to verify each signer’s identity beyond the steps most in-person notaries use.

First, the person's I.D. is checked through digital identity verification.

To verify their identity, users will be required to answer a series of questions. These questions are Knowledge Based and if the person doesn't answer 4 out of 5 correctly, they are declined.

After the signer passes ID checks and knowledge-based questions, they connect with a live notary by webcam. The notary will then use the I.D. on file to verify the person's identity. After that, they will apply their notary public stamp and notary signature as required.

As mentioned above, the fact that we are Certified MISMO Compliant is a testament to our security measures.

Adaptability

NotaryLive’s flexible setup helps law firms and other businesses that notarize documents. They can use the platform in the way that best fits their needs.

NotaryLive for Business allows commercial account holders to make frequent use as easy as possible with options such as: 

• Creating Sessions for their Clients
• Adding Multiple Users
• Viewing Clients’ Notarized Documents
• Single-Use or Monthly Billing (Great for high volume!)
• Bulk Pricing Options
• Optional API and Whitelabel Integration
• Plus all standard account features

2. Notarize Your Mortgage Documents Online With NotaryLive

With Remote Online Notarization (RON), you no longer need to schedule and wait for an in-person notary. Instead, you can notarize online using your laptop, phone, or any device with a webcam. 

This method is more convenient and practical for the notary and the signer. It saves time and speeds up the mortgage closing process.

In a fast-moving real estate market, that time can provide a big advantage and a chance to make more sales. 

The process of getting a document notarized online through NotaryLive is incredibly easy. Upload your document, verify your identity, meet a notary by webcam, and download the notarized file.

With Remote Online Notarization (RON), making appointments and waiting for an in-person notary is quickly becoming unnecessary. Instead, you can notarize online using your laptop, phone, or any device with a webcam.

This method is more convenient for the notary and the signer. It is practical and helps teams save time and complete mortgage closings faster. And in a fast-moving real estate market, that time can provide a big advantage and a chance to make more sales.

How the NotaryLive process works in 4 simple steps:

How NotaryLive Works 

Click the button below to get started,

Notarize Your Mortgage Documents Now! 

As RON adoption grows, the mortgage industry, and other fields that rely on notarization; will become more efficient. That shift will create more opportunities for businesses.

FAQ on RON for the Mortgage Industry 

How long does the notarial process take? 

• The online notarial session will take as little as 5-15 minutes. This includes uploading the document, verifying your ID, connecting with a notary, and notarizing your documents.

Does your ID verification accept passports? 

• Yes, we accept passports, driver’s licenses, and government-issued IDs.

Is online notarization secure? 

• Yes. To ensure compliance with state law, online notarizations have strict requirements, including secure verification and protection of your identity. NotaryLive is MISMO-certified and follows the high security standards used across the mortgage industry.

Where can I get something notarized?

• You can complete the process with an online notary through NotaryLive from almost anywhere, without visiting a physical office.

For more Frequently Asked Questions about NotaryLive, visit our FAQ. 

Does NotaryLive sound like the right fit for you and your business? 

If you’re looking to get a document notarized, you can Notarize Online Now! 

Learn more about our NotaryLive Business Account Options.

For pricing info, click here to visit our Pricing page!

If you have any questions, contact our sales team, and we will be happy to help! 

**Legal Disclaimer - We are not lawyers or attorneys and do not give any legal advice. Please check with your attorneys, advisors, or document recipients if you have any unanswered questions about your documents.

Relevant Blogs 

• How Remote Online Notarization Makes Mortgage Closings Easier 
• These Businesses Could Benefit The Most From Online Notary Services 
• NotaryLive is a MISMO Certified RON Vendor!