Hope you all had a wonderful Summer 2017 and were able to squeeze in some downtime with family and friends. For all our friends in the Houston area and now FL/East Coast our thoughts and prayers are with you all for a speedy recovery. In this update:
*More states adopting online notary laws
*Update on award-winning eClose360 closing platform
*Education and Best Practices
*Fall conference attendance (MBA and ALTA)
It’s been a while since I’ve been in touch but wanted to share information, in case you have been out of the loop during the past couple of months. In short, eClosing is about to go mainstream! I’m sure you are tired of hearing this prediction from us over the past 17 years but, really, we are finally here – the ‘last mile’ to a complete electronic real estate and mortgage transaction over the Internet has been solved!
First and foremost, Ohio now joins Virginia and Montana with an approval of remote online notaries (live date is 9.29.17) – we are now accepting applications for Ohio notaries and certified signing agents and Nevada and Texas notaries are next to come online July 1, 2018. The CA eRecording Act (2004) has been amended and waiting for final attorney general sign off. In addition, it is anticipated that approx.10 other States will go live in 2018 – some title companies have now broken out of the pack and will ensure in many other States as well..
Besides our background as seasoned REALTORS, Escrow/closing agents, and pioneering eSignature expertise, our advantage continues to be our award winning eClose360 platform™ (‘Best of Class’ Digital Mortgage Conference Dec 2016. Progress in Lender Assoc. Innovation Award 2016 and MBA All-Star 2016) – allowing all parties to meet in our ‘virtual closing table’ from anywhere in the world (including attorneys, escrow/closing agents, REALTORS® and lenders in the same ceremony at the same time). In addition, our amazing team of professional notaries have now successfully handled more than 60, 000 users – joining in from all 50 States and now over 70 Countries. Coupled with the best tech team in the Industry, our clients continue to be impressed each and every day (www.notarycam.com/testimonials ) Our eNotary/Closing experience extends as far back as 2000, our first eClose (in CA 2004) and selling our first eNote through our eVault/MERS eRegistry directly to Fannie in 2007. We have US & Int’l patents granted, CIP filed and patents pending (initial filing 2000) – and to provide long term security and protection all our partners are granted a royalty free license!
We currently enjoy over 90+% market share (launched in VA 2012) – I share these truths not to impress but impress upon you that ‘we’ve been there and done that’ and, as partners, we have the experience, knowledge, and willingness – to help make a difference together. Our professional notaries and brilliant tech team are the best in the world and have faced and exceeded every possible challenge from customers coming to us ‘on demand’ all day – every day. We will soon be launching our version 3 and from the beginning, we always understood that unless we eliminated any/all associated friction with an electronic closing we would not win the respect and trust of professionals like you.
Like you, we built our business on a foundation of integrity and trust-your partners entrust you every day with handling their client’s largest asset purchase they will make in their lifetime and our promise remains to provide the best overall consumer experience and help elevate your brand.
If you have questions or just want to filter out any possible confusion (or noise) please just reach out – regardless of what part of the country you are located we can share eClosing ‘best practices’ and offer ideas how you can get in the game immediately (without any heavy tech integration or start-up costs) so you get out in front of the wave that will certainly be hitting your industry within the next few months!
As members, we will also be exhibiting at the ALTA conference in Miami and the MBA Annual in Denver– please stop by and introduce yourself. In the meantime, if you or your team would like to get a running start we will be happy to schedule a live webinar demo at your convenience – please contact me directly on my cell at 949.289.3299 or rick.triola@notarycam.com
Enjoy the Fall season and all the best for the rest of the year!
Best regards, Rick