NotaryCam, a provider of remote online notarization (RON) and identity verification/authentication technology, is partnering with mortgage servicer Dovenmuehle Mortgage and Texas-based law firm Ruth Ruhl to offer RON services for loan modification agreements.
The collaboration aims to modernize the loss mitigation process by improving efficiency, reducing cost and friction and enhancing the borrower experience, NotaryCam says in a release.
Using NotaryCam’s secure RON platform, Dovenmuehle and Ruth Ruhl will facilitate compliant, real-time digital notarization of loan modification documents, eliminating the need for borrowers to attend in-person appointments or coordinate limited-time windows with traditional notaries.
“Adding RON to the loss mitigation toolkit doesn’t just simplify the process for borrowers, it creates tangible operational and financial benefits for servicers and their clients,” says Brian Webster, president and CEO of NotaryCam. “By enabling faster turnaround of notarized documents, RON helps servicers meet critical deadlines, limit the accrual of daily interest costs tied to warehouse lines and support more effective hedge execution for lenders.”