Take Advantage of Remote Online Notarization (RON)

The process of virtual notarization involves signing a document electronically without the participants having to meet in person. During the process, the remote notary supplies audiovisual software, E-signature apps, and other software tools. Many states now allow buyers and other parties in the transaction to close transactions remotely using online notarization for convenience and reliability. 

Notarizations vary.

There has been a notary public in the United States since the 15th century, which has in context remained unchanged until recent advancements in digital and internet technology, which allow for a safer, more cost-effective process to be completed, while making it more open to remote/virtual transactions.

In-person Notarization. Notarial acts are traditionally performed in person, at a notary office, where all parties sign the documents. Title companies still use this method, which is attributed to several factors.

Remote Ink signed Notarization. This follows remote inked notarization. Video conferencing or audiovisual technology is used to express the parties' consent despite the documents being signed in ink in remote online notarization.

In-Person eNotarization. Documents are signed electronically, but participants meet face-to-face to verify their identity.

Remote Online Notarization. All parties to the transaction have access to a 100% virtual notary. Participants in remote online notarization can electronically sign documents, conduct online meetings to establish identity, and convey their consent to a transaction.

There are advantages and disadvantages to remote online notarization (RON)

Besides the benefits for the title company, there are many advantages for home buyers and sellers as well. They are:

Cost-effective: RON eliminates the expenses involved with a search through paper records to determine property ownership, redoing documents in case of errors, and filing a paper deed.

Maintain security:Once applied to an electronic deed, the digital notary seal can't be removed or changed, making the illegal activity more difficult.

Transparency: RON or remote online notarization transactions are transparent and trustworthy because all parties receive signed copies.

Improved customer experience: RON enhances the overall home closing process. Buyers receive documentation quickly, and appointments aren't necessary for signing documents. In addition, the attorney transfers the deed online, so RON is a hassle-free process.

Even though online notarization carries risks, such as data breaches and theft, a streamlined process that is filtered after multiple iterations are reliable. As a result, RON is a safer alternative than traditional notarization.

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