NEWPORT BEACH, Calif., April 17, 2017 — NotaryCam, Inc., the global leader in online notary and mortgage eClosing services, announced today that its eClose360 patented online notary platform has been awarded an Innovation Award from the PROGRESS in Lending Association.
Rick Triola, Founder and CEO ofNotaryCam, accepted the award at a ceremony hosted by PROGRESS in Lending in Chicago on Sunday, March 26, 2017.
“As part of the Innovations Program we want to reward industry-changing innovations,” the Association wrote in a blog post announcing the awards. “The right formula of technology combined with business strategy can come together to solve real industry problems.
For those companies or groups that have come together to do something truly game changing for the mortgage space, we want to recognize all that you do in order to change the industry for the better.”
For the past 7 years, PROGRESS in Lending has used its annual Innovation Awards to highlight advances that have significantly impacted the industry over the past year. All nominations are scored on a weighted scale, taking into consideration the technology’s overall industry significance, originality, positive change, intangible efficiencies, and hard cost and time savings achieved.
NotaryCam’s eClose360 is an online notary platform that allows mortgage closing ceremonies to take place entirely online, removing all associated stress and the friction of having to attend closings physically.
The company has legally completed tens of thousands of notarizations in all 50 states and over 65 countries. The company is listed on Fannie Mae’s list of technology solutions that enable the submission of electronic mortgages to the investor. It is the only existing technology that is removing the friction from the last mile in the digital mortgage origination process.
“We’re very proud to receive this award for eClose360,” Triola said. “When we started on this journey, we all thought we would be an overnight success. After 17 years developing and proving this technology, I’m happy to say that the industry has acknowledged eClose360 powered by NotaryCam for the innovation it is. The fact that the PROGRESS innovation award is peer-judged makes this even more satisfying.”