A traditional notarization involves the physical presence of the signer and the notary, using paper documents, wet signatures, and an ink impression of a stamp. While that remains a staple, the landscape has evolved. Remote Online Notarization (RON) is a major breakthrough in the title industry, but it is just one way that a modern digital notary service like jbensonNotary can close your loans.
There is a lot of confusion in the industry regarding digital options, and this guide is designed to provide the clarity you need to choose the best path for your New York transaction.
Digitizing the Notarial Act
The modern notarial act can be performed in three distinct ways: RON, Hybrid, and IPEN. Each involves different technology and has specific requirements. Wherever you and your clients are located, jbensonNotary has you covered with the right tools for the job.
We are fully integrated with leading digital platforms and can help you determine which of the three solutions below is best for your specific deal.
Remote Online Notarization (RON)
RON—sometimes called webcam, online, or virtual notarization—uses secure audio/visual technology to complete a notarization when the signer is not in the same physical location as the notary. The documents are entirely electronic, signatures are digital, and the notary affixes a tamper-evident digital seal.
RON can be incredibly valuable for your business by allowing you to:
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Reduce travel costs and close transactions in any neighborhood across New York.
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Close transactions when a buyer or seller is traveling or living out of the country.
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Use a single notary even when there are multiple signers in different states.
While RON is the cutting edge of the industry, we understand that some consumers still prefer a more traditional touch. That is where our other digital options shine.
Hybrid Signings (eClosings)
Hybrid signings require the physical presence of the notary and the signer but utilize a combination of wet and digital signatures. Consumers can sign nearly all loan documents digitally beforehand, while a few key documents are hand-signed in the presence of the notary.
Hybrid signings offer many of the same advantages as RON—speed, better security, and document integrity—but require less technology from the client at the moment of signing.
IPEN Signings
An IPEN (In-Person Electronic Notarization) means the consumer signs all documents on a mobile tablet or laptop while the notary is physically present. Think of it as a hybrid closing, but with zero paper. IPEN signings are highly resistant to delays and mistakes because the digital closing package cannot be submitted until every signature field is perfectly completed.
A Better Way to Close with jbensonNotary
Since our inception, jbensonNotary has been the trusted choice for title agencies, mortgage lenders, and consumers seeking precision in their document signings. Unlike general services, we audit every file 8 or 9 times throughout the process to ensure a seamless, delay-free experience.
Experience the modern standard of notarization. Ready to see the jbensonNotary difference? Get started today!
Category: Notary News
Tags: #Ways #Digital #Notary #Service #Close #Loans #jbensonNotary #NYRealEstate #RON #HybridClosing #IPEN