Remote Online Notarization (RON) eClosings work very similarly to traditional type signings - except better.
eClosings typically refer to the electronic signing of lender documents prior to or as part of the closing process. However, the documents which require Notarization, up until recently, have needed to be executed in the physical presence of a Notary. Remote Online Notarization is an additional electronic process that enables a person to execute their entire closing package electronically.
How Can I Close Using RON?
You need to contact your closer, and they will determine whether your transaction meets the requirements or not.
Yes, eClosing will be added as an option to close like attending closing and remote closings have been, unless the lender requires eClosing as the only allowable method to close.
RON closings take place via video. Signers will need to have access to high-speed internet and a computer, tablet, or smartphone with audio/video capabilities.
Signers also need valid photo identification. Whether or not you will need more than one form of ID will depend on your lender.
Forms of Valid Identification:
Some states already offer this service and have experienced notaries. Florida notaries will receive training prior to offering this service to make sure they are prepared for the new notary services.
As long as the client has an SSN/ITIN and at least 1 years credit history, we can use RON.
