1. It's Faster
Instead of struggling to bend schedules and set up a meeting in person, all parties can sign documents online, from anywhere, for faster funding times and a more efficient closing.
2. It's Cheaper
eClosings will save us thousands each year by reducing cost to close. And since all documents are stored online, there’s no need for copying, shipping, or storage fees. We pass those savings to you.
3. It's More Accurate
eClosing and eSigning improve quality control and reduce risk by preventing missing signatures and documents, automatically validating data, and avoiding human errors.
Many people confuse electronic notarization with remote notarization, believing they are the same. They are not.
Electronic notarization, or eNotarization, involves documents that are notarized in electronic form, and the Notary and document signer sign with an electronic signature. But all other elements of a traditional, paper notarization apply to electronic notarization, including the requirement for the signer to physically appear before the Notary.
The confusion arises from the fact that remote notarizations typically involve digital documents that are signed and notarized electronically. However they go a step further in that the transaction is conducted online rather than in person.