Adam Constantine on MLK Jr.’s impact on housing equality

During the interview, Constantine explains why the industry needs to focus on evoking intentional change rather than launching lackluster initiatives.

Navigating capacity concerns amidst record-high volumes

High loan volumes continues to loom large in the new year, making the “one-stop-shop” approach to the servicing and lending process even more appealing.

Amid record-high origination volumes, mortgage fraud risk is down

CoreLogic's recently released Mortgage Fraud Report is the industry standard for nationwide fraud monitoring and analysis. Read the findings here.

How student loan debt impact homeownership

Student loan expert Catalina Kaiyoorawongs shares her practical and tangible advice for people who feel overwhelmed by their student loan debt.

ClosingCoronavirusFintech

Notarize partners with Stripe to pay notaries faster

Notarize has added 1,600 new notaries to its team in recent months to meet increased demand

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Stay tuned for updates.

Notarize announced Thursday morning it has partnered with payments platform Stripe in order to pay its notaries faster.

The Boston-based digital notary platform has seen demand surge in the wake of the COVID-19 pandemic. Earlier this month, Notarize announced that it had closed on a $35 million Series C round of funding in March, bringing its total funding to date to $82 million. 

Since that time, Notarize founder and CEO Pat Kinsel said the startup has seen its business surge by more than 400% since March “ as businesses and consumers seek transaction liquidity in this new environment.” 

As part of that, the company said it has added 1,600 new notaries to its team to meet demand.

The majority of those notaries are working remotely as contractors, according to Notarize, which only has about 50 employee notaries.

By integrating with Stripe Connect, Notarize can pay those contract notaries “almost instantaneously,” the company said. Previously, payment was sent bi-weekly, every other Friday. Also, because it’s itemized, the process helps make tax preparation easier for notaries, compared to direct deposit, a company spokesperson told HousingWire. 

“The novel coronavirus has upended business as usual and left thousands of notaries furloughed or unemployed, unable to reach their clients,” said Pat Kinsel, founder and CEO of Notarize, in a written statement.  “By integrating our platform with Stripe Connect, we are giving notaries tools to get back to work, service some of the largest lenders, title companies, and financial institutions, and receive prompt payment.” 

Are you a financial services professional hungry for better fintech news and info? HW Media is proud to introduce FinLedger, a fintech media brand that will cover the critical news impacting financial services professionals — from SaaS to big data, and cybersecurity to regtech. Want to be notified when we launch? Enter your email here and follow us on Twitter.

Leave a comment

Most Popular Articles

Prepare for the rise in mortgage rates

Economists offer their takes on how high mortgage rates will climb, how lenders will respond and what impact this will have on the housing market. HW+ Premium Content

Jan 18, 2021 By

Latest Articles

2020 ends with 3.4 million loans in delinquency

The final delinquency tally for December is in, with data revealing that by end of 2020, 1.54 million more mortgages were reported delinquent.

Jan 22, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please