E-Notarization Beginning to Gain Traction Nationwide

The continuous expansion of digital signature technology has led to the development of the electronic notarization, or e-notarization, process. According to a white paper published by the National Notary Association, there are two main types of e-notarizations gaining traction in the United States: in-person e-notarization and remote e-notarization.

Remote e-notarization allows a signer to appear before a notary through a recorded teleconference, as opposed to meeting in person. This method of notarizing documents is secure, efficient and cost-effective.

SIGNiX Executive Vice President Pem Guerry was recently quoted in an article by Inside Counsel. He discussed the advantages of using remote e-notarization – especially in the mortgage banking industry:

“Mortgage banking is potentially the most compelling use case there is, partially because of the vast number of mortgages that do require notarization,” said Guerry. “Also, the ability to have a fully electronic closing, as well as electronically selling, securitizing and servicing each mortgage, results in enormous cost savings and benefits to all parties.”

Click here to read Pem’s full article.

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