Detroit-based Amrock LLC, an insurance, property valuations, and settlement services provider and a division of Rocket Companies, announced Tuesday it is introducing a secure website that will allow homebuyers to close their mortgages on a mobile device, like a cellphone.
The website, named Clear Sign, allows prospective homebuyers to remotely close a home loan from Rocket Mortgage, as well as other lenders that partner with Amrock, a company spokesperson said.
“Our mission at Rocket Companies is to simplify life’s most complex moments so our clients can live their dream," said Rocket Companies CEO Jay Farner, "and we’ve delivered yet again on our vision to create a seamless real estate experience by being the first-ever to revolutionize the closing process."
The new website “represents the final step in Rocket Companies’ creation of a seamless, end-to-end real estate experience clients can use to go from application to closing on the iPhone or Android phone,” Amrock said in a new release. “Now, through Amrock’s first-of-its-kind technology, clients can close on a mortgage by connecting with the closing agent or notary from a mobile device no matter where they are in the world.”
Clear Sign allows homebuyers to have a secure video call with a notary and securely sign documents and scan a prospective borrower’s picture ID, like a driver’s license, a company spokesperson said. If a couple is buying a house, they can be in separate locations yet still close on their mortgage, the spokesperson said.
Homebuyers close their mortgage through Amrock via Remote Online Notarization, In-Person Electronic Notarization, or a Hybrid eClosing from their smart phone.
“Our company has always been focused on meeting our clients wherever they may be, but we were limited by the industry’s standards for closing mortgages,” said Amrock CEO Nicole Beattie. "That was the driving force behind Amrock creating this technology, providing the ability to close mortgages for a spouse traveling for work, a military member serving away from home, or countless other real-world scenarios. Rocket Mortgage pioneered getting a mortgage online from a smart phone — now, Amrock is providing the final piece of the puzzle.”
