NotaryCam’s online notarization service is now integrated with DocMagic’s Total eClose end-to-end mortgage e-closing solution.
The integration enables mortgage lenders to deliver a fully digital mortgage experience for consumers – one that eliminates the need to wet-sign loan documents in the physical presence of a notary.
Total eClose now allows users to initiate e-notarizations using NotaryCam’s remote service with just a few clicks, thus extending the convenience of a fully online e-closing experience through notarization – the final step in loan closing – without any hard stops or papering out.
“More and more states are permitting remote online notarization and as they do, we can expect to see consumer demand and expectation for remote e-notarizations to grow,” says Dominic Iannitti, president and CEO of DocMagic, in a release. “This integration allows DocMagic customers to meet consumer demand without any delays, which is a big part of our value proposition for all DocMagic products.”
The Mortgage Bankers Association has been collaborating with the American Land Title Association to prepare model legislation that would provide a framework for any state to adopt remote online notarization processes.
“Mortgage e-closings have progressed incrementally, and both DocMagic and NotaryCam have been pioneers and champions in the adoption the industry has achieved – so this integration is a natural fit,” says Rick Triola, founder and CEO of NotaryCam.
Prior to the addition of NotaryCam, DocMagic’s Total eClose solution supported e-notarizations by leveraging in-person notaries equipped with electronic notary signing technology, which it will continue to offer in addition to remote online notarizations, where permitted.
Both DocMagic and NotaryCam are approved e-mortgage technology vendors with Fannie Mae and Freddie Mac, having passed an extensive approval process.