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

Whether you're a loan signing agent, mortgage broker, or someone looking to refinance their mortgage, the process of closing on a mortgage is now much easier thanks to Remote Online Notarization (RON). 

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

The potential impact of this technology could come to a head in the mortgage industry ver quickly if Congress passes the SECURE Notarization Act, making remote notarization instantly legal in all 50 U.S. states.
 

For now, early adopters in states where RON is legal are already seeing the benefits of RON - and with NotaryLive, your mortgage closing business could too.

Now that NotaryLive is officially certified by the Mortgage Industry Standards Maintenance Organization (MISMO), we have the endorsement of one of the most important authorities in the mortgage industry to handle the remote online notarization of 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. While this is much more convenient for both the notary and anyone who may their document notarized, it is also a lot more practical and allows those who rely on the mortgage closing process to conduct their business much faster. 

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

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 traditional notaries, remote online notaries provide their notarial services online through an audio/video feed using a computer or mobile device which means that these sessions are recorded in the case of a dispute where the transaction must be verified. 

NotaryLive uses additional security measures to verify each signer's identity beyond the steps that most in-person notaries would normally take. 

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.

Only when they have done both of these things for the identity confirmation, can they connect with a live notary via webcam. The notary will then use the I.D. on file to verify the person's identity.

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

Adaptability

NotaryLive's customizability has been a major benefit for law firms and other businesses that notarize documents as it allows them to use our platform in a way that best meets 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), the process of making appointments and waiting for an in-person notary is quickly becoming a thing of the past. Instead, you can notarize online using your laptop, phone, or any device with a webcam. 

While this is much more convenient for both the notary and anyone who may need their document notarized, it is also a lot more practical and allows those who rely on the mortgage closing process to save time and conduct their business much faster. 

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. All you have to do is upload the document, verify your identity, connect with a notary via webcam, and download your notarized document. 

With Remote Online Notarization (RON), the process of making appointments and waiting for an in-person notary is quickly becoming a thing of the past. Instead, you can notarize online using your laptop, phone, or any device with a webcam. While this is much more convenient for both the notary and anyone who may need their document notarized, it is also a lot more practical and allows those who rely on the mortgage closing process to save time and conduct their business much 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:

Click the button below to get started,

Notarize Your Mortgage Documents Now! 

As the mortgage industry continues to trend towards widespread use of Remote Online Notarization, we expect the mortgage industry and any other industry that relies on notarizations to become much more efficient - which should open up more opportunities for businesses to grow.

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. Our platform, NotaryLive, is certified by MISMO, which is a higher standard of security protocols commonly used in the mortgage industry.

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 it 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!