SimpleNexus eClose now supports remote online notarization (RON), enabling lenders to efficiently conduct fully-digital e-closings.
SimpleNexus eClose brings together borrowers, lenders, settlement agents and notaries for a collaborative and efficient closing experience. Integrated e-sign capabilities offer borrowers the modern convenience of signing e-documents on any web-enabled device, including mobile phones. Intelligent workflows improve lender efficiency by automatically updating documents across all platforms and alerting lenders when actions have been completed.
E-closing portal access for settlement agents more closely engages them in the process.
In a RON e-closing, or full e-close, all documents are e-signed and electronically notarized by a commissioned remote online notary via webcam.
SimpleNexus has partnered with market-leading, MISMO RON standard certified remote online notarization provider Notarize to debut RON in its eClose environment. In the future, SimpleNexus will partner with additional RON vendors.
“Remote online notarization is rewiring the closing experience for the digital era, making it simple, more efficient, and secure to close from anywhere, any time,” says Pat Kinsel and co-founder and CEO of Notarize, in a release. “In all market conditions, consumers are clamoring for the technology that streamlines closing, and Notarize is thrilled to be on the SimpleNexus eClose platform to close that ‘last mile’ of the transaction to make full e-closings a reality.”
With the addition of RON to SimpleNexus eClose, lenders can provide borrowers with a fully digital, single sign-on home buying experience from application to closing. Currently, 32 U.S. states allow full e-closings in which all loan closing documents are e-signed and remotely notarized. RON bills have been introduced in several other states and at the Federal level.