19. WSJ Reports on the Future of Digital Mortgages
● In 2017, a couple closed
on their three-bedroom
home from a laptop
● This Chicago couple
closed on a home loan
from a Michigan lender
using a Virginia notary
public
22. • Notary Fundamentals
• Document Training
• Mitigating Legal Risk
• E-Notarization
• Digital Mortgage
• Technical Troubleshooting
• Service Skills
23. Notarization Types
Traditional
Paper Notarization, All documents are
completed before a notary on paper
Remote Online Notarization
(R.O.N)
All documents are signed
and notarized electronically
over a video feed. No travel
or paper required.
E-Closing Hybrid
Documents that don’t require
notarization are completed
electronically (e-signed), recordable
documents are printed & wet signed.
Or a full E-Notarization is completed
with the signer physically present.
24. An “E-”... What?
Electronic Notary (E-Notary)
• A Notary Public who is specially
commissioned to notarize documents
electronically through various technology
methods. *State certification & application
processes may vary
• Holds a Digital Seal, Signature &
Digital Signature Certificate
• Must be physically located in an
approved E-Notary state.
25. In-Person E-Notary
• Completes notarizations in person
• Can only serve local/in state signers
• May use a portable Computer or Tablet to
complete Electronic Documents
• May have printed documents to sign/notarize
• May not use a Digital Seal
• May not have an audit trail
26. R.O.N E-Notary
• Completes notarizations flexibly via webcam
• Can serve customers in all 50 States & overseas.
• Uses technology for all interactions Laptop, IPad,
Iphone etc.
• Will only use digital documents
• Applies Digital Seal & Signature
• Contains a full secure audit trail
31. Traditional Requirements May Apply..
State requirements not only apply
to your Paper Notary Commission
but also impact your E-Notary
Commission.
Your S.O.S site is the best
resource for this!
32. Shaping Compliance As We Know It..
● Document Integrity & Audit Trail
● Video Evidence
● Cutting Edge Authenticity
Procedures
● Knowledge Based Authentication
33. In 2014, the National Notary
Association surveyed 2,900 notaries
as part of an ID-matching quiz.
34. 34
The quiz presented 18 pairs of photos
One photo was of a real driver’s license
The other photo was either the driver or an imposter
1 2 3 4 5 6
7 8 9 10 11 12
16 17 1813 14 15
35. 35
The quiz presented 18 pairs of photos
Half of the pairs were of imposters
1 2 3 4 5 6
7 8 9 10 11 12
16 17 1813 14 15
36. 36
The Need - ID Proofing is Complicated
68%
69%Identify
Match
Identify
Imposter
37. Notary Economics
Printer, Scanner,
Computer, Toner,
Paper
$1,255
Commission,
Training, E&O, Bond
$250
Tank of Gas
$33
Loan Signing: 1 hr
Commute: 1 hr
2 hrs
$1500-$2000 $400-$450
38. Why Be an E-Notary?
Computer, Headset
$800
$1050-$1200
Commission,
Training, E&O, Bond
$250
Loan Signing: 40 min
40 min
43. • Visit your Secretary of State’s Website
• Application Windows
• Requirements
• Regulations
RON Applies to Me!!
• Get the right Technical Equipment
• Research your State’s RON Law!
• Ensure your Notary Credentials are up to date
• Be an advocate for the cause!
44. My State isn’t Listed What Can I Do??
• Reach out to local Gov
Representatives & Secretary of
State.
• Spread awareness to gain
community buy in and interest
• Check in with Notarize! We’re probably
working on the legislation!
47. Moving From
Paper to
Digital
Closings
Glimmer 6-7
11:00am-12:00pm
Infusing Online
Closings into
your
Company’s
DNA
Glimmer 6-7
2:00pm-2:45pm
RON 101
/
Removing
Barriers to Digital
Mortgage
Adoption
RON - Glimmer 4
Barriers - Glimmer 6-7
3:00pm-3:45pm
Ready to Learn More?