Congratulations to you, the time-traveling realtor, for helping to advance closings of the future. If you’re not as excited as we are, it’s likely that you don’t know you're a part of the future of real estate - eClosings.
What Is an eClosing?
An eClosing is any closing where documents are delivered and executed electronically. If you’re a customer of any Florida Agency Network title agency, you have probably participated in an eClosing as we stay on the cutting edge of closing technology.
If you’re not already one of our lucky time travelers, here’s what an eClosing can look like for you and your customers:
Then, most importantly, when it comes to the actual closing day, you and your customers have many choices on where - and HOW - to execute the final documents:
So, while we're still waiting for our flying cars and robot maids, you can join us in the future today!
For months, your Title Agent has told you about how 2020 is the year of remote online notarization (RON), and we're proud to be the first title company in Florida to offer completely paperless eClosings! While it’s certainly a cool new way to complete your closing, the real question is – how can WE help YOU help YOUR customers?
We’ve put together a few examples of real world customers that would benefit from our eClosing and RON solutions.
Florida has one of the highest rates of inherited properties, and many times, the children who are inheriting these homes live all over the country or even abroad. This can create confusion and lengthy procedures because, under a typical closing, the title agency must provide a mail-away package or arrange for each person to visit a separate closing room. Now, all parties involved can sign at the same time, regardless of physical location – saving everyone involved time and money!
Traveling or working out of the country is usually planned well in advance, but sometimes, members of the military, those with jobs that call them abroad, or even vacationers can get caught with a closing before they make it back to the States. While there are solutions available for out-of-country sellers, it usually requires finding a notary at a US Embassy/Consulate, and there have been cases where transactions fell through because this wasn’t possible. RON is an excellent solution to help facilitate this and can help make the process that much easier.
Have you ever traveled and needed to sign documents for a closing but can’t find a witness to assist the Notary? With the new RON technology, witnesses now potentially can be anywhere in the US using this technology!
For some customers, the simple act of traveling to one of our 20+ offices can be too cumbersome to manage. Completely mobile closings are popular and offer these customers the ability to close in the privacy of their own homes without requiring them to invite strangers onto their property. RON is an excellent solution for them and allows them to complete a secure closing without ever leaving home.
As you can see, there are many ways you can add RON and eClosings to the toolbox of services that you offer your clients. If you’d love to learn more about RON, the eClosing process, and what we can offer you in this new digital age of closings, simply schedule an in-office training for your team. To set up one of these educational events, contact your Title Rep today!