States Title is actively involved with the acceleration and rapid implementation of remote closings around the country. To ensure business continuity for our customers during these challenging times, we offer multifaceted state and lender-specific eClosing solutions so your team can continue to close refinance transactions safely and efficiently during these challenging times.
Borrowers execute a limited power of attorney (LPOA) authorizing closing agents to sign on their behalf and eliminating the need for an eNote.
Our national team of associates can support notarization requirements via our RON platform.
Coverage from the date of closing through the date of recordation, without exception!
More than 20 years after their inception, digital closings are finally a reality and industry norm. Thanks in part to the COVID-19 crisis response, one of the last pieces of the eClosings puzzle – remote online notarization (RON) – is making remarkable strides.
eClosings offer tremendous benefits, including the ability to offer the simplified, modern experience that consumers demand, operational efficiencies, better-quality data, fewer errors, faster delivery of loans to the secondary market, and the potential to increase market share where your competitors are not ready to offer digital closings.
What’s more, they may hold the key to leading our economy out of the COVID-19 market downturn.
Our partnership with the leading RON platform, Notarize, provides our associates with a secure foundation to guide borrowers through their closing in a safe, convenient environment. Together we are part of a growing movement to make an efficient home loan process a reality.
Listen to our VP of Strategy, Dominic Fahey as he provides evolving best practices and guidance on the strategies and solutions you can use to operate in today’s environment, including:
If you want to find out more about how we manage closings in California or any other states, get in touch.
You have been ‘outstanding’ in operational efficiency during this COVID crisis – it has been noticeable to everyone.
What types of digital closings do you offer?
We offer hybrid closings and are piloting fully digital closings with select clients. If either option is of interest, reach out to a States Title representative to get started.
What is a hybrid closing?
A hybrid closing is when some of the closing documents are signed in wet-ink and some are signed digitally – the signer can review and electronically sign part of the closing package ahead of time but the closing and notarization happens on paper and in person.
What if we already use a vendor for digital closings?
If you already have a preferred vendor, we can facilitate digital closings with any partner to ensure operational processes are in sync. We already partner with the most popular third-party eSign providers Notarize and Snapdocs.
What are the benefits of a digital closing?
Digital closings save time and money, reduce risk and improve the customer experience by providing a faster signing process where documents can be reviewed and digitally annotated prior to closing. Lenders also enjoy a smoother experience, a more efficient process and closings that are more likely to complete on time. With digital copies of signatures, documents and files accessible to all relevant parties, operational errors and costs are significantly reduced.