How Remote Online Notarization (RON) is Changing the Real Estate Industry

How Remote Online Notarization (RON) is Changing the Real Estate Industry

Notarization is a crucial aspect of real estate transactions that ensure the documents’ authenticity and prevents fraudulent activities. However, in-person notarization can be
time-consuming, expensive, and sometimes inconvenient for clients, especially during the pandemic. Remote Online Notarization (RON) is the latest technological advancement in notarization, which allows clients to get their documents notarized remotely.

So, what is RON?

RON is a notarial service conducted in a secure online environment that uses webcam technology to verify the identity of the signing individual. RON was first enacted in Virginia in 2011 and is now available in over 20 U.S. states.

During the pandemic, some states rushed temporary emergency laws regarding RON to ensure business transactions continue. For instance, Nebraska, Arizona, and Maryland adopted emergency procedures that allowed traditional notaries to perform remote notarization services.

How does RON work?

The legal definition of RON may vary from state to state, and each state has its laws and procedures. However, most states have a set of technical standards that notaries must
follow when processing their transactions. Some online notaries use end-to-end online notary systems like SIGNiX to provide secure and fast notarizations for clients.
To get a document notarized remotely, clients must upload the document and identification documents. The notary agent then schedules a video conference to verify the client’s identity, allow them to sign the record, and provide an appropriate electronic seal.

RON offers several benefits to clients, including the following:

Convenient: Clients can participate in the notarization process from anywhere using their smartphones or computers with webcams.

Time and cost-saving: RON eliminates the need for photocopying, faxing, and travel expenses for notaries.

Streamlined process: RON simplifies the notarization process and enhances the efficiency of businesses that perform contactless services.

RON is widely used across many sectors, including real estate agencies, title agencies, banks, lending institutions, insurance companies, and car dealerships. The notarial process assures all parties that the right person correctly signs documents.

As the world continues to evolve and adapt to new technologies, remote online notarization has become a vital tool in the real estate industry. By allowing individuals to
conduct notarial services from the comfort of their homes or offices, RON has revolutionized the way we approach business transactions. At Clear Title Partners, we understand the importance of keeping up with these advancements, and we are committed to providing our clients with the most efficient and secure notarial services possible. Contact us today to learn more about how RON can benefit your business.