Focus on the Customer Experience with a Mobile Notary
The advantages of partnering with a mobile notary service, also known as a national signing service, are numerous. Aside from convenience, the most important benefit to utilizing a mobile notary service is that your team gets to work on what they are primarily responsible for – the consumer experience. The consumer experience is the most critical aspect of any document signing. Your client is going through life-changing circumstances, whether purchasing their first home, saving for their child’s college education, placing a family member in long-term care, etc. Regardless of the situation, the experience is heavy, and you need to be there for your client, walking them through the process and ensuring their needs are met. When you outsource or delegate to a mobile notary service, your team no longer wastes time pulling paperwork, requesting paperwork, and verifying the proper steps to ensure the document signing or closing can
Mortgage Trends Worth Understanding
In the beginning of 2022, home sales soared, interest rates were low, and the market was incredibly competitive. By mid-year, the Federal Reserve increased interest rates to curb inflation. While home purchases declined, we have yet to see a dramatic reduction in home prices, and research predicts we should be able to avoid a housing market crash like 2009. As we continue to ride the wave of interest rates, here are three mortgage trends worth understanding: Nonbank Mortgages Customer service and advanced technology have won the hearts of homebuyers. Nonbank Mortgage Lenders are often easier to work with than traditional banks due to advanced apps and websites, impeccable online services, and a sole focus on mortgage lending. Nonbank Mortgage Lenders specialize in real estate transactions. Real Estate Agents can partner with these lenders and feel confident that the customer experience will be exceptional. EClosings As the real estate
How Businesses can Benefit from a Notary Relationship
Technology is changing the way notaries do business, and thanks to Remote Online Notarization (RON), it is now possible for notaries to serve multiple industries. Each year, more than one billion documents in the United States must be notarized. Yet most organizations do not have an authorized Notary on staff. Thanks to RON, organizations can partner with mobile notaries, like BNN Services, and offer an elevated level of customer service and convenience anytime, anywhere a reliable internet connection is available. Yet, those are only some benefits of partnering with a mobile notary. Another benefit is more closed transactions in less time- which means increased revenue for your organization. While notary needs are different for every industry, below are examples of how RON can effectively serve industries: Real Estate Through online platforms, it is possible to have a mortgage closing completely remote. This means your clients can be anywhere
What is a Digital Identification Verification Process?
Many skeptics believe Remote Online Notarization (RON) is less secure than traditional notarization. Many people believe identity verification for the signing parties is less safe on a digital platform. People often need clarification on how a notary can ensure the person signing is who they claim to be when they are not in person and do not have the chance to touch their ID. We have broken down the digital ID verification process to help you talk with your consumers about how and why RON is safer and more secure than a traditional document signing process. What is digital ID verification? Just like traditional ID verification, digital ID verification is the process of proving the identity of a signor online before a sensitive transaction. How is identity verified online? Digital identification is verified in many ways. Dependent upon the transaction, multiple identity verification steps may be required. Below
Benefits of Digital Closings and Why You Want to Jump Onboard
Within the last few years, real estate lenders are further carving their niche in the industry by offering digital closings. A digital closing makes the entire purchasing process smoother for you and your clients with fewer chances of error and delay. It also increases convenience for your clients as the entire process is completed online from the comfort of your client’s coffee table. Digital closings are completed through specific programs offering eSigning, document preview, video conferencing, and remote online notarization platforms. While the ability to complete a digital closing still varies state by state, there has been an uptick in consumers purchasing homes sight unseen. The percentage has nearly doubled the pre-pandemic rates. According to Redfin, 65% of homebuyers in 2020 put an offer in on a property they had never visited in person! Are you a lender who thinks digital closings are great but not for your
The One Tool Real Estate Professionals Cannot Live Without
It is no secret that the real estate industry is constantly advancing. Within the last decade we have watched technology drastically change the industry for the better, increasing conveniences for real estate professionals and consumers alike. In fact, we wrote a blog on it! As remote online notarization (RON) continues to evolve and more states adopt legislation for the practice of RON, real estate professionals are embracing this technology to increase ease and satisfaction with their consumers. Below are seven of the best reasons why you should adopt RON in your real estate practice and how it will benefit you and your sales goals. Security. Digital notarization is safer than traditional methods. Aside from a more rigorous identification process, RON signings use secure technology, and they are recorded. This means that your documents are protected, and no sensitive information is exposed. Reach. RON signings can take place anytime and anywhere