In this session at Notarize's conference, Rewired, Notarize walks title agents through online closings, remote online notarization, and its Academy training program.
23. Costly
(1-2% of your total revenue)
Labor-intensive
(Printing, scanning, filing, storing)
Environmentally taxing
(the cause of 20% of air pollution; 25% of landfill waste)
holding your title agency back
27. RON: A world-class signer experience
Signer validates
identity using
software
Signer receives
email with docs
28. RON: A world-class signer experience
Signer meets with
notary in online
video meeting
Signer validates
identity using
software
Signer receives
email with docs
29. RON: A world-class signer experience
Signer meets with
notary in online
video meeting
Signer validates
identity using
software
Completed docs
emailed
immediately
Signer receives
email with docs
30. ❏ RON verifies who you are
(credential analysis)
RON: Helps Prevent Against Real Estate Fraud
31. ❏ RON verifies who you are
(credential analysis)
❏ RON checks what you know
(Knowledge-Based Authentication)
RON: Helps Prevent Against Real Estate Fraud
32. ❏ RON verifies who you are
(credential analysis)
❏ RON checks what you know
(Knowledge-Based Authentication)
❏ RON confirms what you look like
(Notary checking face)
RON: Helps Prevent Against Real Estate Fraud
33. ❏ RON verifies who you are
(credential analysis)
❏ RON checks what you know
(Knowledge-Based Authentication)
❏ RON confirms what you look like
(Notary checking face)
❏ Signers, lenders and title agents
get a video recording of every
closing meeting
RON: Helps Prevent Against Real Estate Fraud
34. ● Fixed questions and
answers
● Example: What street did
you grow up on?
“Static” KBA
35. ● Fixed questions and
answers
● Example: What street did
you grow up on?
● Multiple questions and
range of correct answers
● Example: Which streets
have you NEVER lived on?
● Most secure form of KBA
“Static” KBA
“Dynamic” KBA
36. ● Fixed questions and
answers
● Example: What street did
you grow up on?
● Multiple questions and
range of correct answers
● Example: Which streets
have you NEVER lived on?
● Most secure form of KBA
“Static” KBA
“Dynamic” KBA
39. The interstate recognition of notarial
acts requires that state courts recognize
lawful notarizations completed by notary
publics in another state.
Online closings are already happening in most states
40. The interstate recognition of notarial acts
means you only need two things to legally
close online:
An underwriter who will
insure the transaction; and
A county clerk that accepts
eRecorded documents.
Online closings are already happening in most states
41. Notarize tells you if both of those are true.
Type in the property address
Find out instantly what online
closing options are available
1
2
43. Signer eSigns most
docs before closing
Signer receives their
closing packet via
email
A Solution for Every Situation
All Closings
Fully Online Closing (RON)
Hybrid Closing
Signer meets with
notary in online
meeting
Signer attends
in-person closing
meeting to wet sign
documents
44. ● Signing occurs remotely in real-time,
via video connection
● All documents are electronic, eSigned,
and eNotarized
● Identify verification with ID capture
and knowledge-based authentication
● Legal in 38 states
Fully Online (RON)
● Signing occurs online before closing
day, and in-person on closing day
● Some documents are printed, wet
signed, and notarized on paper
● Wet signing occurs in-person (mobile
notary or with closing agent)
● Legal nationwide
Hybrid
Fully Online Closings vs. Hybrid Closings
53. Can you do online
closings in a state
without a RON Bill?
54. Can you do online
closings in a state
without a RON Bill?
Yes! You can use notaries in a
state that already has an
active RON bill.
55. What do you need to
do a RON closing?
Psst. It’s two things.
56. What do you need to
do a RON closing?
Psst. It’s two things.
1. An underwriter who will
insure the transaction
2. A county clerk setup and
ready to accept eRecordings
