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Notarize Academy for
Title Agents
REWIRED 2019
Sponsored by:
Lauren Hintz
Sr. Partner Marketing Manager
How many people
have downloaded
this book?
How many people
have downloaded
this book?
2,486
notarize.com/book
How many title
agents completed
Notarize Academy?
How many title
agents completed
Notarize Academy?
381
notarize.com/academy
RON helped ...
an elderly father sell his
house from the hospital,
after a colon surgery.
TRUE
or
FALSE
RON helped ...
an elderly father sell his
house from the hospital,
after a colon surgery.
TRUE
or
FALSE
RON helped ...
new parents buy a home
a week after their first
child was born.
TRUE
or
FALSE
RON helped ...
new parents buy a home
a week after their first
child was born.
TRUE
or
FALSE
RON helped ...
an Alaska signer close when
a mobile notary couldn’t
physically drive to the
remote location.
TRUE
or
FALSE
RON helped ...
an Alaska signer close when
a mobile notary couldn’t
physically drive to the
remote location.
TRUE
or
FALSE
AGENDA
What We’re Discussing Today
1. Intro to Remote Online Notarization
2. Hybrid vs. Fully Online Closings (RON)
3. Fully Online Closing (RON) Demo
4. Partnership with Westcor
5. Q&A
Intro to Remote
Online Notarization
Why do we need RON?
In 2014, the National Notary Association
surveyed 2,900 notaries as part of an
ID-matching quiz.
The quiz presented 18 pairs of photo IDs.
The quiz presented 18 pairs of photo IDs.
Half of the pairs were imposters.
The quiz presented 18 pairs of photo IDs.
Half of the pairs were imposters.
Notaries caught the imposters 68% of the time.
ID fraud prevention was really hard until
remote online notarization.
“
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
What is RON?
REMOTE ONLINE
NOTARIZATION
Documents are digitally
notarized in an online meeting
with a commissioned remote
notary public.
RON: A world-class signer experience
Signer receives
email with docs
RON: A world-class signer experience
Signer validates
identity using
software
Signer receives
email with docs
RON: A world-class signer experience
Signer meets with
notary in online
video meeting
Signer validates
identity using
software
Signer receives
email with docs
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
❏ RON verifies who you are
(credential analysis)
RON: Helps Prevent Against Real Estate Fraud
❏ RON verifies who you are
(credential analysis)
❏ RON checks what you know
(Knowledge-Based Authentication)
RON: Helps Prevent Against Real Estate Fraud
❏ 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
❏ 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
● Fixed questions and
answers
● Example: What street did
you grow up on?
“Static” KBA
● 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
● 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
My state
hasn’t passed
a RON bill yet.
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
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
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
Hybrid vs. Fully
Online Closings
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
● 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
How does Notarize
work?
Dana Diesch
VP Sales and Marketing
Westcor
Partnership
Susan Green
Communication Director
Recap
How many online
closings as
Notarize done?
How many online
closings as
Notarize done?
20,000+
Can you do online
closings in a state
without a RON Bill?
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.
What do you need to
do a RON closing?
Psst. It’s two things.
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
Does your signer
need special
equipment for a
RON closing?
Does your signer
need special
equipment for a
RON closing?
No! Signer can use standard
laptops or computer cameras.
QUESTIONS?
THANK YOU
REWIRED 2019

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Notarize Academy for Title Agents (Rewired 2019)

  • 1. Notarize Academy for Title Agents REWIRED 2019 Sponsored by:
  • 2. Lauren Hintz Sr. Partner Marketing Manager
  • 3. How many people have downloaded this book?
  • 4. How many people have downloaded this book? 2,486 notarize.com/book
  • 5. How many title agents completed Notarize Academy?
  • 6. How many title agents completed Notarize Academy? 381 notarize.com/academy
  • 7. RON helped ... an elderly father sell his house from the hospital, after a colon surgery. TRUE or FALSE
  • 8. RON helped ... an elderly father sell his house from the hospital, after a colon surgery. TRUE or FALSE
  • 9. RON helped ... new parents buy a home a week after their first child was born. TRUE or FALSE
  • 10. RON helped ... new parents buy a home a week after their first child was born. TRUE or FALSE
  • 11. RON helped ... an Alaska signer close when a mobile notary couldn’t physically drive to the remote location. TRUE or FALSE
  • 12. RON helped ... an Alaska signer close when a mobile notary couldn’t physically drive to the remote location. TRUE or FALSE
  • 13.
  • 14.
  • 15. AGENDA What We’re Discussing Today 1. Intro to Remote Online Notarization 2. Hybrid vs. Fully Online Closings (RON) 3. Fully Online Closing (RON) Demo 4. Partnership with Westcor 5. Q&A
  • 16. Intro to Remote Online Notarization
  • 17. Why do we need RON?
  • 18. In 2014, the National Notary Association surveyed 2,900 notaries as part of an ID-matching quiz.
  • 19. The quiz presented 18 pairs of photo IDs.
  • 20. The quiz presented 18 pairs of photo IDs. Half of the pairs were imposters.
  • 21. The quiz presented 18 pairs of photo IDs. Half of the pairs were imposters. Notaries caught the imposters 68% of the time.
  • 22. ID fraud prevention was really hard until remote online notarization. “
  • 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
  • 25. REMOTE ONLINE NOTARIZATION Documents are digitally notarized in an online meeting with a commissioned remote notary public.
  • 26. RON: A world-class signer experience Signer receives email with docs
  • 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
  • 37.
  • 38. My state hasn’t passed a RON bill yet.
  • 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
  • 46.
  • 47. Dana Diesch VP Sales and Marketing
  • 50. Recap
  • 51. How many online closings as Notarize done?
  • 52. How many online closings as Notarize done? 20,000+
  • 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
  • 57. Does your signer need special equipment for a RON closing?
  • 58. Does your signer need special equipment for a RON closing? No! Signer can use standard laptops or computer cameras.