Long a favorite topic for innovators within our industry, digital closings – or eClosings as they are more commonly called – are more commonplace than ever due to the benefits in security and convenience, along with evolving customer expectations.
Even before the onset of the pandemic, eClosings, including Remote Online Notarization (RON), were seen as an inevitable progression toward a more digital experience. However, the timetable for when these practices would be widely adopted has remained questionable.
Currently, 43 states have passed RON legislation, while many remaining states have already introduced legislation around the issue. In addition, should the Secure and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act become law at the federal level soon, RON would become legal across all 50 states and Washington D.C., and uniform standards for RON would be enacted across the country.
Download this white paper to learn the future trajectory of eClosings, what the SECURE Notarization Act does and what title companies can do right now to prepare.
Publisher: SoftPro
Date: October 2022
