KEY TAKEAWAYS:
- Solve Mortgage funding delays : they cost lenders approximately $73 per loan per day in interest.
- Remote Online Notarization (RON) and eSign save lenders up to 157 minutes per transaction.
- Digital closings with RON can increase total loan impact by 91%, generating $444 in value per loan.
Audio Summary:
Why Funding Delays Hurt Lenders
If you handle mortgage loans, you know mortgage funding delays become expensive.
Every day between closing and sale to a buyer, your lender pays warehouse-line interest. When rates are high, those costs get even higher.
That is why many lenders worry about mortgage funding delays.
On average, it costs about $73 per loan per day in interest.
Reducing that wait by two to four days saves $146–$292 per loan.
If you close hundreds of loans per month, those savings will be substantial.
Most delays come from paperwork. Wet signatures, manual reviews, physical shipping and recording records slow everything down.
Why Paper-based Closings Cause Trouble
Legacy closings rely on paper closing documents.
Here are the common problems:
- After closing, the promissory note and other papers must be shipped. If you lose something or damage it, you can’t sell the loan.
- Manual reviews are slow. Someone must check every page for correct signatures, notary seal, proper formatting, and compliance with state law. Mistakes happen. That slows down final delivery to investors.
- In many counties, the title company must physically courier the deed to the recorder’s office. That adds one or two business days in many states.
- In “dry funding” states like Alaska, Hawaii, Nevada, Oregon, California, Arizona, and Washington, lenders do not provide funds immediately. They wait 1-2 business days after signing. This is until the title company confirms recording or other checks after closing.
These steps make funding slow. More time on the warehouse line means more cost. More risk.
Fannie Mae reports that providing a previously missing key document resolves 40-60% of loan repurchase requests.
eSign and RON: A faster, smarter approach
With remote online notarization, you can complete a full notarial act digitally. No more mortgage funding delays.
Borrowers and signers use a secure platform.
A licensed notary public hosts the session online.
They confirm:
- The signer’s identity
- That the signer appears willingly and understands the document
- The signatures, then apply the notary seal/notary stamp
The notarization process is complete in minutes.
Here is how this helps:
- Faster closings: A full RON closing can cut days off the process. That trims down dwell time significantly. Full e-closings with RON save lenders up to 157 minutes per transaction.
- Better audit trails: The digital system captures every step: identity verification, timestamp, notarial session, signatures. It is clean and verifiable.
- Fewer errors: Without physical shipping or manual handling, errors from missing pages or illegible writing drop sharply. eClosings result up to a 31% reduction in errors.
Many investors and title companies accept eSigning, RON and digital closings.
This makes your packages investor-ready right after closing.
A study by ALTA found that lenders using full digital closings gain $444 in total impact for each loan. This is a 91% increase.
Borrower buy-in: convenience without chaos
A licensed online notary public helps borrowers during the notarial session. This means they don’t have to drive, wait, or send papers.
They simply do the following:
- Log in.
- You can request them to notarize a document.
- You receive a notification once the notarization is complete.
Closing becomes simple, fast, and efficient.
Fewer missed appointments and rescheduled signings mean fewer last-minute funding delays for your team.
What types of documents can you sign and notarize online with RON?
You can eSign most real estate and legal documents online; use a remote online notary service for this.
This includes:
- Deed of Trust or Mortgage
- Promissory Note
- Signer/Name Affidavit
- Power of Attorney Documents
Why NotaryLive is your best partner for digital closings
With remote notary services from NotaryLive, lenders get everything they need to support digital real estate closings. NotaryLive offers:
- Secure identity verification
- Full notarial acts with notary stamps and notary seals
- Reliable notarization process online (24/7 access)
- Smooth delivery of closing documents and eSignings
- Good record keeping with audit trails
- Ability to request borrowers to notarize documents
Whether you handle hundreds of loans a month or just a few, digital closings make sense.
They cut costs, reduce risk, and speed up cash flow.
About NotaryLive
NotaryLive provides a full suite of electronic notary solutions. With secure remote online notarization, notary public services, and digital closing workflows, NotaryLive lets professionals complete real estate transactions faster. No need to hunt for a notary near me. Instead you sign documents online, apply valid notary stamps, and deliver legal closings from anywhere.
Frequently Asked Questions
Why do mortgage closings take so long?
- Mortgage closings usually take 30-45 days because several checks have to happen first. Lenders re-verify your income and debts, title and appraisals have to be cleared, and there’s a required 3-day waiting period after your final Closing Disclosure before signing.
Which states allow remote online notarization?
- As of late 2025, 45 states have permanent laws allowing Remote Online Notarization (RON). You can view the full list on our State’s Blog.
Is Remote Online Notarization safe and secure?
- Yes. It’s generally considered safer than traditional in-person notarization because there’s video recordings (stored for 5-10 years), KBA & ID Verification, and tamper-sealing on digital documents.
