Coordinating real estate closings isn’t always easy. Buyers and sellers often have complex transactions and scheduling needs, requiring mail-away closings, a mobile notary, or power of attorney – all of which can add extra expense and extend timelines.
The pandemic gave home buyers and sellers a preview of what’s possible in terms of digital real estate transactions. Many completed digital closings and aren’t eager to rewind the clock. This is further supported by ALTA’s Digital Closing Survey, which reported that 65% of customers have a positive perception of RON closings.
With customer expectations changing and many states making temporary RON legislation permanent, you might wonder if your business should offer eClosing with remote online notarization (RON). It’s a great question, and you may be pleasantly surprised to learn that many title companies are going digital.
But first things first. What is RON software, and how does it help title companies?
What is RON software?
RON software is technology that allows buyers and sellers to sign closing documents without needing to be in the same location as a notary. It can help title companies and real estate attorney firms become more operationally efficient and competitive while offering benefits, including faster transaction times and improved security. Stavvy’s eClosing solution, for example, includes RON software.