Remote online notarization (RON) is a technological alternative to physical notarizing of documents. Through video calling, digital certificates, and digital signatures technology, you can access online services. Since digital devices are more affordable and internet connections faster RON is available for notaries public.
Many states adopt remote notarization to provide a safe and convenient closing experience to buyers and other parties in a transaction.
Below are some reasons to choose remote online notarization.
Secure Signing and Notarization
Depending on the RON provider, the documents and the notarizations are secured than the traditional offline approach. The digital certificates, credential analysis, and identity proofing protect against impersonation by confirming identity on the online notary session.
When performing online notary tasks, both parties need to be present before the transaction to reduce fraud. A notary ensures the signers have the valid identity cards.
Moreover, the sites have various identity proof layers with authentication questions and credential analysis to reduce fraud. The platforms record your sessions for reference in case of disputes.
With paper processes, you can make mistakes, and it is easier to miss a signature. However, the RON platform is likely to flag incorrectly entered or missed signatures, allowing the customer to correct the errors to help proactively avoid delays. While risks pop up on data theft and breach, streamlined processes are reliable as RON is considered safer than traditional notarization.
The traditional approach of physically meeting a notary is time-consuming. However, with remote notarization, you can quickly schedule online appointments. For instance, borrowers can expedite closing to access loans swiftly. With some application processes online, you can complete the process conveniently.
In this process, documents take few days to reach a buyer to sign and don’t need appointments. The last step in the transaction before the transfer is online by an attorney, making it a hassle-free process. Moreover, online notarization is easy as it takes few minutes to complete. After you authorize, it takes an average of 15 minutes.
Enhanced Business Partnerships
Traditionally, you need to hire a notary to sign the documents if you intend to form business relationships. For some transactions, it was challenging. However, with online notary platforms, the process is straightforward. Document validation techniques in the website make it easy to verify the authenticity of documents. However, you need to state the location of your business partner to allow online notarization as some countries restrict the systems, and you might pay for such services.
Remote online notarization digitizes the process meaning that no more paper printing or postage. It helps you avoid stacks of paper, ink cartridges, and courier bags that reduce your operating expenses to allow higher savings that help push your business to higher levels. Online notarization offers improved efficiency to lenders as they no longer need to travel as notaries can certify documents quickly.
Most essential documents need notarization that traditionally involves customers physically scheduling, visiting, and finding the notary. However, you can get a trusted online notary with streamlined processes to ensure convenience and affordable rates.