The title and settlement industry has recently experienced significant changes and been forced to quickly implement practices that had previously been nothing more than distant plans. While these challenges have looked different for everyone, across the board they’ve served as a catalyst for new opportunities and an unprecedented, industry-wide move to incorporate eClosing into the closing process.
eClosing, at its most basic, is electronic execution of closing documents. Beyond this, the boundaries of eClosings are blurry and not well-defined. eClosing can take several forms and look different from company to company and region to region due, in large part, to a strong dependence on available technology and state regulations.
Here’s a look at the variety of ways RamQuest customer can execute eClosings with seamless integrations to our RamQuest title production solutions:
Remote Online Notary (RON):
A wholly electronic process where the integration of RamQuest’s production solution with your RON partner ensures an efficient transfer of information and secure document sharing.
Pavaso
Pavaso is leading the charge to change the mortgage closing process with their industry-leading remote online notary (RON) capability. The Pavaso RON solution provides the ultimate convenience by allowing signers to be virtually anywhere in the world to eSign closing documents, where they appear before the remote online notary to online notarize*, using two-way audio-video technology. The Pavaso RON technology is fully integrated with RamQuest's title production solutions, enabling RamQuest customers to perform RON closings without missing a beat! See Pavaso's technology for yourself:
Want more information? Download this overview to understand how you can close digitally and remotely with Pavaso's RON technology.
SIGNiX
SIGNiX's remote online notarization (RON) platform transforms the traditional in-person notary process into a seamless, completely remote operation using audio and visual technology. SIGNiX's RON technology is integrated with Closing Market so it's accessible from your RamQuest production solution and offers the following benefits:
Learn more about SIGNiX by watching this recorded webinar.
Remote Ink Notarization (RIN):
Integrates audio-video technology and remote notarization with wet-ink signatures to execute closing documents.
Pavaso
RamQuest’s production solutions are fully integrated with Pavaso’s Essential Notary to bring this innovative service to our customers. Pavaso's Essential Notary is an audio-video online notarization* solution that complies with certain state emergency mandates and requirements and enables you to safely and securely complete your operation's notary needs. Watch our on-demand Pavaso webinar where we demonstrate the ease of using this solution:
Hybrid Approach:
Integrates eSigning for some or all documents up to the point of closing, where the remaining documents are signed with wet ink.
ready2close
RamQuest’s ready2close supports this hybrid eClosing approach by enabling eSignatures for non-notarized documents using this convenient, self-service tool that also connects customers with important status updates and other critical file details. To learn more about ready2close, take a look at this overview.
Your operation’s long-term success depends on a foundation built on a fully integrated, flexible solution that enables eClosing for your company today and adapts with you as needs change, your company grows and regulations evolve. Let us show you how RamQuest’s Solutions Suite meets your eClosing needs, today and tomorrow:
“The title and settlement industries are constantly in flux. Changing markets, regulations, retiring employees and hybrid consumer needs requires agencies to have varied and flexible methods of operation. We need to work with a software company that is always one step ahead of the trends so that the programs are ready before we even know that we need them. RamQuest has been that company for us and many agents across the country. They put resources into knowing what is on the horizon, developing the solutions and offering the platforms for us to succeed. Most importantly, they do not stop at the sale of their software, they understand the importance of training our staff members on its full use. They are a true business partner.”
Anne Anastasi, President