The confusion and lack of certainty around eClosings have created misconceptions about the process, but the reality is eClosings don’t have to be that complicated. Rather than taking an all-or-nothing stance, lenders can ease the adoption process by taking incremental steps that align with their workflow today and set them up for success in the future.
The demand for accessible and convenient technology is met with regulation that is changing just as fast. So far, 24 states have enacted RON (Remote Online Notarizations) laws, with many of the states jumping on board within the last year. With the number of states enacting RON laws growing fast, eClosing technology will ensure they can perform remote notarizations with top-notch security.
After downloading this white paper you will take away the following insights:
- The full range of benefits eClosings bring
- What challenges stand in the away of implementation
- The best path forward to meet the industry demand for eClosings
Publisher: Nexsys
Date: October 2019
