Evolve Mortgage Services, provider of on-shore outsourced mortgage services, closed its acquisition of E-Notary Seal LLC, giving mortgage borrowers the ability to remotely sign and notarize a document from anywhere on any device. Company officials say the transaction is the final piece Evolve needed to provide home lenders and title companies with a purely digital closing process, according to a press release.
Evolve integrated a full library of SMART Docs, e-Sign, eNotary, eVault and e-Registry, services with modern technology for a post-pandemic world. In addition to digitizing the home purchase process for homebuyers, the Evolve platform is a collaborative system that can be utilized to complete other types of property transactions, including loss mitigation, according to the company.
“RONs took off during the pandemic and are likely to permanently become the preferred method of notarizing documents when buying or selling a home,” said Evolve Mortgage Services CEO Paul Anselmo. “Adding this piece of the puzzle is key to completing our vision of an entirely electronic lending process from disclosures to closing and delivery all under one platform as opposed to multiple integrations.”
With the acquisition of E-Notary, Evolve is able to provide closings for title and mortgage companies through a single, end-to-end digital process.
“Paul and I regularly discussed the shortcomings of e-Closings and those conversations inspired me to create E-Notary Seal in 2019. So, the acquisition was an extension of our ongoing relationship,” said E-Notary Seal founder Felicia Grimes, who will be joining Evolve as vice president for the company's eMortgage division.
