California-based NotaryCam has announced that Mid America Mortgage is now using its integration with DocMagic to conduct remote online notarizations (RONs) through DocMagic’s Total eClose platform. Mid America will leverage the integration throughout its retail, correspondent and wholesale channels.
“Since 2016, Mid America’s strategy has been ‘digital first.’ As a result, we have been able to condense our application-to-closing time down to just two weeks and our closing ceremony to 30 minutes or less with our digital mortgage product Click n’ Close,” said Jeff Bode, Mid America Owner and CEO. “RON allows us to double down on our closing efficiency while also providing additional convenience to our customers. The addition of NotaryCam’s remote notary services through our established eClosing partner DocMagic enables us to extend the value we’ve experienced to date through our digital mortgage strategy.”
To date, NotaryCam has conducted more than 160,000 RON transactions for individuals located in all 50 states and 90 countries. Through RONs NotaryCam’s team of experienced notaries are able to remotely eNotarize mortgage loan documents or other paperwork for individuals across the country using NotaryCam’s secure, easy-to-use platform, the company said. The system does not restrict the number of participants that can join a RON ceremony, allowing all relevant parties to participate in the transaction.
“Until recently, mortgage closings still required participants to physically congregate in a single location to complete the transaction. Today, RON enables lenders and settlement agents to eliminate the closing table without losing the personal connection of the closing ceremony,” said Rick Triola, NotaryCam Founder and CEO. “The value of the convenience that RON provides cannot be overstated, and it would behoove mortgage and settlement professionals to incorporate RON into their existing closing process.”
Total eClose is DocMagic’s comprehensive end-to-end eClosing solution. The integration with NotaryCam, which was first announced in September 2018, allows Mid America Mortgage and Click n’ Close to eNotarize documents remotely using NotaryCam’s RON service, eliminating the need for home buyers and sellers to physically appear before a notary to wet-sign loan documents.