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Nowadays, with the introduction of Remote Online Notary everywhere in America, you do not need to wait for a notary appointment to finalise your mortgage or real estate transactions. eClosing with Remote Online Notarization has really revolutionised the notarization world!
Keeping all these facts aside, one can have an underlying sense of insecurity about how to carry out mortgage or real estate transactions with proper safety? It’s normal to ruminate around queries like how eClosings with RON works? Really, Can you sign closing documents online? If yes, is it safe or not?
Well, we understand your predicaments. Online services can be a little tricky to understand and rely on. However, trust us, it’s safe!
Read the blog till the end to clear your concepts about eClosing and how it works!!
eClosing and its types
Basically, eClosing is of the following types:
Under this type of eClosing, the notary public will meet you in person just like they do in traditional Closing. However, the main difference lies in that the notary will notarize documents electronically.
Remote Online Notarization eClosing:
Under eClosing with RON, you can notarize your documents online. The notary and all the parties meet via an audio-video call, after that the notary attests to the signer’s identity and notarizes the documents electronically.
As the name suggests, hybrid eClosing is a blend of the new digital and traditional way of Closing. Some documents are notarized by wet signature with an in-person notary, while others by electronic signatures with a remote online notary.
eClosing with Remote Online Notarization
So, eClosing is possible with several methods, whether via in-person notary or remote online notary or hybrid of both. However, after the entry of COVID-19, it was not possible to safely carry Notarization via old-school ways. Here RON came as a savior.
Now, RON is legal in most states of the United States of America, out of which some have also temporarily legalized RON due to the COVID-19 situation. Click here to check whether your state has legalized RON.
Now, here comes the question, how does eClosing with RON really work?
Firstly, one should have all the eClosing documents, similar to the ones that are required for traditional Closing. After that, you need to choose a remote online notarization platform.
If you are looking for a RON service-providing platform, Lottalegal can help you. With us, you will be able to notarize your documents from a state-commissioned notary in no time. Lottalegal’s process for RON goes as;
Once you have all the eClosing documents, fill out a simple form on our portal and upload the documents you want to notarize from a notary.
Connect with remote online notary:
After submitting all the documents, a commissioned notary will contact you via an audio-video call and verify your identity via KBN techniques.
Along with this, the notary public will make sure that you are well aware of the intent of documents and sign the documents under no one’s pressure.
Once the notary is assured, they will witness your signature and complete the Notarization of documents.
Download notarized documents:
Once notarized, you will be able to download your notarized documents via your provided email address.
Basic requirements to carry eClosing with RON
One should be well prepared and equipped before opting for Remote Online Notarization for eClosing. Make sure following points before applying for RON:
- All parties are well aware of how does notarizing works with RON, and they are willing to participate in the signing process.
- All the parties have a stable internet connection and computer/smartphone/Tablet with an audio-video call feature. (In the case of a computer, make sure to have a webcam, microphone, and speakers to carry audio-video call smoothly)
- The device must have a recording feature to keep a virtual record for the notarization process.
- Don’t forget to gather your Identity proofs and a soft copy of the same. To present them in front of the notary public, you can choose a couple of identity proofs like Passport, Driver’s Licence, Green Card/Permanent Resident Card, Military ID, Certificate of US Citizenship, etc.
- Make sure to have a Soft copy of all the documents that need to be signed.
- Some states may require one or two witnesses. Ensure you have a witness at the time of signing. In some states, the notary public can also act as a witness. So it’s better to go through the rules before applying for Closing.