Stewart Title Co., Silanis Technology and the National Notary Association today announced a partnership to implement eNotarization capabilities into paperless mortgage closings.
The three organizations are working together to incorporate the NNA Enjoa signing tablet into Stewart’s eClosingRoom, a key part of its SureClose platform.
Electronic notarization standards and technologies such as Enjoa, an electronic notary journal designed by notary experts at the NNA and built by Interlink Electronics, allows notaries to capture and store a borrower’s signature, thumbprint and photograph, satisfying all applicable state notary recordkeeping laws and leaving no doubt regarding the identity of the signer. Enjoa also functions as a signature tablet that allows borrowers to sign electronic documents in Stewart’s eClosingRoom.
SureClose will initially support electronic notarization of closing documents using stored digital certificates created for each closing officer, notary public, attorney or other party serving in the role of a notary officer for a transaction within SureClose. This ePersona, a component of the Silanis Technology software powering eClosingRoom, provides a unique profile for each notary containing his/her notary information, digital certificate and/or an image of his/her notary stamp/seal or electronic signature.
“Just as the role of the notary is a critical component in paper-based real estate closings today, electronic notarization will be an equally critical component of electronic closings,” said Darren Ross, director of electronic commerce for Stewart Information Services Corp. “Using electronic notarization at closings will significantly reduce process times and eliminate the stacks of paper for the office and the customer.”
Stewart Information Services Corp. is real estate information and transaction management company. Stewart provides title insurance and related information services through more than 7,800 issuing locations in the United States and several international markets.
What’s your opinion? Send your Letter to the Editor to email@example.com.