Source: Housing Wire —
Remote Online Notarization is a hot topic in the real estate title industry for good reason. An ALTA Vendor Survey showed that RON transactions increased by 547% from 2019 to 2020. While the pandemic thrust RON into the mainstream of the industry, many are still wondering how the technology can benefit them and the closing process going forward. Even those who want to buy in are wondering where to start. From understanding the importance of RON in the title industry and discovering the potential business benefits to learning how you can start offering RON closings to your clients, here’s the need-to-know info to get started.
What is Remote Online Notarization?
RON is the notarization of a document completed 100% electronically. The process includes a notary and a document signer using secure audiovisual and digital signing technology to finalize any financial document. In our industry, that often means home closing documents.
