Remote Online Notarization: Steps Lenders Can Take During Coronavirus Pandemic

Kobie Pruitt

Certain acts such as notarization of financial documents, a necessary component of the residential loan closing process, is especially difficult because consumers are typically required to appear in person before the notary under state law.

Due to limited opportunities for face-to-face interactions, the ability to use remote online notarization to complete financial transactions has become a major priority for the real estate finance industry. RON uses two-way audio-visual technology to complete a notarial act when the principal is not in the same physical location as the notary public... Read More Here!