Category: eClosing


eClosings: Welcome to the Future!

businessman-hands-signing-digital-signatureYOU Are a Time Traveler!

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:

  1. Using our online portal, your customers are not at the mercy of office hours to have documents sent or received. There is no need to fax or come into the office.
  2. Some documents will be sent directly to your customers to be signed electronically. Most modern mortgage documents are signed with services such as Docusign or Adobe Sign.
  3. A digital PDF copy of the Closing Disclosure is sent electronically for review by 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:

  1. Come to any of our 25+ offices to sit with one of our licensed title agents who can answer any questions you might have. They may have you sign at least some of the  documents electronically.
  2. Next, have your customers meet you at their home, place of work, or your office. We can send one of our “Mobile Closers” to you to make the closing completely convenient and have someone guide your customers through the documents.
  3. With RON, or remote online notarization, you may be able to have your customer close anywhere in the WORLD – while they are on vacation, a work trip, or just sitting on the beach. They just need to be a U.S. citizen and have a strong WiFi connection.

So, while we’re still waiting for our flying cars and robot maids, you can join us in the future today!

 

 


What can RON do for your clients?

Young operator

Who can you help with eClosing technology?

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.

Closings with Multiple Signers

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!

Sellers Traveling or Stationed Internationally

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!

Older Individuals Who Cannot Travel Easily

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!


Florida Agency Network Partners with Notarize as the First Title Company to Utilize the Notarize Platform to conduct its own closings

Florida Agency Network (FAN), a conglomerate of independent title agencies, settlement service providers, and innovative technology companies within the State of Florida, announces a new partnership with Notarize to perform remote online notarization within the FAN title insurance offices. This partnership marks a historic shift in the title industry and how it handles the ever-changing needs of the consumer. FAN is the first title insurance operation in the nation that will leverage the Notarize platform to perform their own remote online notarized closings, using its own title agents and notary closers.

The partnership was announced on stage in front of 300 attendees representing 200 companies at Notarize’s conference, REWIRED, in Miami this week.

“Today, we couldn’t be more excited to announce that Florida Agency Network will be the first company to leverage what we’ve built at Notarize and perform their own closings on our platform,” said Notarize Founder and CEO Pat Kinsel. “The real estate industry is ultimately local, and we’ve heard from title companies and closing agents that they want to be able to use this technology to deliver a better closing experience. What the industry has been asking for over the last four years, today, is becoming a reality.”

Since meeting Pat Kinsel, CEO and Adam Pase, COO of Notarize, in June of 2017, Aaron M. Davis, CEO of Florida Agency Network, knew working together would evolve into a broader partnership over time. What started with achieving Florida’s first fully digital closing, expanded to a much larger-scale goal of overhauling Florida’s title insurance landscape for the better.

 “We completed the first online closing in the state of Florida in 2018 and have done hundreds with Notarize since,” said Davis. “By being the first partner to work with Notarize on a platform to help our title agents use this technology to perform their own closings, we’re changing the title industry and the way that our agents serve customers. We’ve seen first-hand the impact Notarize has had on the real estate industry, and we couldn’t be more excited to be a part of the next chapter.”

Backed by Notarize training, support, and technology, Florida Agency Network will work closely with Notarize on the development of a platform that both empowers its agents to close completely digitally, while still leveraging Notarize’s staff and notaries during off-hours, weekends, and for added assistance during heavier volume closing days.


FAN CEO Educates Title Agents at a Statewide Conference on eClosing

Aaron M. Davis presenting to title agents at Alliant Conference

As technology progresses, title agents must stay up-to-date on trends and advancements – or risk getting left behind. At FAN, we have embraced the digital age and are helping title agents across the State of Florida learn the ins and outs of title closings in this digital era.

Earlier this month, our CEO, Aaron Davis, led a presentation at a conference for licensed title agents at the Gaylord Palms Conference Center in Orlando with the aim of providing resources for title agents to get ahead of the game on upcoming legislation and the changes that will soon sweep the industry.

 

At the conference, attendees enjoyed learning more about the various types of eclosings available. They were also educated on the different types of eClosings, including hybrids, in person, and RON, or Remote Online Notarization, and discussed numerous digital closing topics, such as:

  • Ethics, Laws & Rules Governing RON
  • Multi-Factor Authentication
  • Securities of the Paperless Closing
  • Effects of eClosing on the Industry
  • The digital Closing Room Experience
  • and More!

The attending agents were able to earn CE credit as a result of their participation and are now better prepared to transition into the era of eClosings and remote online notarization.

How are you and your team preparing for the upcoming legislative changes? Are you prepared to offer eClosings and accommodate closers who wish to utilize RON during their closing process? If not, you can now request a course from FAN to better prepare you and your agents before the New Year. Email us now to find out more information or to schedule your course.