The Lakeside Title team is proud to say it has facilitated hundreds of RON closings for our customers who need them. For those of you who don’t know RON stands for Remote Online Notarization.
Not every transaction can qualify for RON. There are a lot of lender and underwriter rules, but this technology has certainly been a convenient, welcome avenue for many Lakeside Title customers, especially those who are military families.
For our real estate partners out there – we get it – RON has been talked about for years, but it took a global pandemic for it to even become more than just a novelty. However, we expect RON closings – which simply are secure closings that can be done via webcam and electronic signature, to become even more popular in the future.
Here are just some of the benefits of a RON closing with the Lakeside Title team:
Keeps employees and customers safe
As we said, during the pandemic, RON has been a fantastic tool to keep our team, partners and customers safe and healthy. Why sit in a room together when you can complete a closing from the safety of your home? Plus, RON closings add extra convenience and security for all involved. (More on the latter next.)
Prevents fraud with new technology
New technological methods for ID verification and securing digital documents makes RON transactions more safe than traditional methods.
Prevents fraud with old technology
Sometimes you don’t need fancy new tech to make a transaction even more safe. Video and audio recording, technology that even your grandma is familiar with these days, adds an extra layer of protection from any claims arising from the closing process.
More accurate transactions
Digital documents require users to fill the mandatory fields so you can be sure that every section is signed, and no human error affects your closing
Faster customer experience
RON transactions are completed in a matter of minutes, not days or weeks. Gone are the days of waiting for signatures or shipping physical documents. Customers want their closing done now, and RON makes that possible.
Makes you and your clients happier
While getting the keys to a new home is exciting, driving to the closing location and signing a million paper documents is a lot less exciting. Your clients will love how easy it is to complete their closing from their own home.
Less paper, shipping and storage fees – and saves trees
With the closing 100% online, you save money on printing, shipping and storing physical paper. Less paper AND less driving means more trees and a cleaner environment overall. Who doesn’t want easier, safer transactions that save the world at the same time?
