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DocMagic, Inc. and Secure Insight, Inc. joined forces to offer a centralized training program on remote online notarization (RON) technology and processes. The program establishes a trusted database of notaries that have been fully trained and certified on DocMagic’s Total eClose platform, according to a press release.
Lenders have a growing need to tap well-qualified eNotarization professionals to work with and ensure deals close smoothly and on time according to the companies' announcement. This new certification program reaches the greatest number of notaries with a working knowledge of DocMagic’s Total eClose solution and is poised to significantly move the adoption needle.
"Ultimately, this partnership creates a better RON process for lenders and borrowers alike, benefiting all users involved in the eClosing process," said Dominic Iannitti, president and CEO of DocMagic. "Lenders are operating at maximum capacity right now with an influx of mortgage applications that they must ultimately close on as efficiently as possible amid heavy loan volume."
Secure Insight has an extensive national database of notaries that can now be easily accessed to locate notarial agents qualified to complete seamless, compliant eClosings using RON technology.
"One of the primary challenges in facilitating RON transactions is that lenders are hesitant to entrust the closing process with a notary that may be ill-equipped to effectively perform an eClose transaction," said Andrew Liput, CEO at Secure Insight, according to the press release. "Teaming with DocMagic allows us to identify properly licensed, experienced and trained professionals whom lenders will feel comfortable leveraging to perform the specialized functions surrounding these unique transactions.”