NotaryCam’s Rick Triola on RON adoption in 2021
Today, the Housing News Podcast features a bonus crossover episode from HousingWire’s Daily Download. In this episode, HousingWire Digital Producer Victoria Wickham interviews NotaryCam’s CEO Rick Triola. During the interview, Triola explains why more title industry professionals have adopted remote online notarization in 2020 and shares why he believes RON is here to stay in 2021.
Here is a small preview of the interview with Rick Triola, lightly edited for length and clarity:
HousingWire: Let’s get started with the main question of RON adoption. As we all know, states have changed a lot this year when it comes to RON acceptance due to COVID-19. Do you think these policies will stick around in 2021?
Rick Triola: I think so. RON is pretty much here to stay. It’s proven over the last couple of years for the offices that have used us as far back as three or four years ago that it has become very sticky. Sadly, during this pandemic, there’s a greater need for it today than there was three or four years ago. I think going forward; it makes a lot of sense that all of this will become sticky. I can’t imagine any legislation reversal.
HousingWire: Looking at a national level, what is the state of the Senate’s SECURE Notarization Act?
Rick Triola: It’s an interesting, timely question because as of [Wednesday] the American Land Title Association has put together a letter to Congress, and I signed off on that. It’s needed, as it just gives a standard that everybody could abide by. I think the challenge faced when it first came out, with the pandemic, it was a good idea. But there were a lot of things going on in the world that kind of put that on the back burner. But there’s no question that in 2021 and as far as I’m aware of, there are no objections to national RON standards. I think it should go through pretty well in 2021.
The Housing News podcast explores the most important topics happening in mortgage, real estate, and fintech. Each week a new mortgage or real estate executive joins the show to add perspective to the top stories crossing HousingWire’s news desk. Hosted by Sarah Wheeler and produced by Alcynna Lloyd.