Remote Online Notarization (RON) has been the talk of the title world since the COVID-19 pandemic began, though it’s been an option for much longer. This process gives title companies a safe and secure way of helping clients close on residential and commercial properties in an environment that had otherwise come to a complete standstill due to world health concerns.
Initially, RON seemed to be a temporary solution to a temporary problem, but as online notarization became more refined and secure, the benefits have proven that it is here to stay. So much so that 34 states (Virginia was first! More on that later…) have passed legislation adopting this convenient, easy option.
So, why choose Remote Online Notarization (RON)? Accepting and adapting to change can be a difficult process, but this one is almost a no-brainer. Keep reading the following points to find out some major advantages:
- It’s efficient and inexpensive. RON can be done from anywhere. Documents can be reviewed in advance, and with digital signatures and no physical paperwork, the savings on time and money alone puts a check in the win column.
- It’s simple and secure. Do you have 10 to 15 minutes? On average, that is how long it takes to complete the process, and the documents are available digitally. Should there be a dispute, or should you need confirmation of the transaction, everything is easily accessible and ready for review. In addition, fraud prevention is at the forefront of this initiative. Online Remote Notarization sites require multiple levels of security concerning proof of identity and authentication. The notary can also terminate the session should there be any concerns.
- It’s legal. Virginia implemented Remote Online Notarization before it was cool; in fact, it was the first state to allow RON in 2013. Regardless of whether you choose Traditional Notarization, In-Person Electronic Notarization (IPEN), or RON, they all get the job done. (Check out this comparison infographic.) Each carries the same legal weight, but RON takes it up a notch in service, safety and being straightforward.
For your convenience, Highland Title and our team of professionals can help you through the RON process by utilizing mobile delivery solutions. Not all transactions can qualify for a RON closing, but we are just the team to support you through any type of closing transaction. If you are interested in utilizing Remote Online Notarization or any other closing option with Highland Title, we’d be glad to chat. Please check out these amazing resources from the American Land Title Association. As always, you can contact us at (703) 723-3300, or send us a message here.