Tampa, Fla. – April 3, 2018 – Florida Agency Network announced the completion of its first 100 percent paperless, fully-digital real estate refinance transaction with United Wholesale Mortgage and Florida Mortgage Firm. The closing was completed at the office of Florida Mortgage Firm. All closing documents were executed electronically, and the Electronic Notarization of mortgage and affidavits was performed by Notarize via an online interface.
“After completing our first fully-digital purchase transaction using an online notary earlier this month, we knew the next step would be utilizing the technology for a refinance transaction,” said Aaron M. Davis, CEO of Florida Agency Network. “Our borrower was thrilled at the efficiency throughout the entire process. This transaction was a key breakthrough in providing our clients the option of a fully digital remote closing at the time and location of their choosing.”
Hillsborough Title completed the transaction utilizing remote online notarization via Notarize, the first notary public platform allowing any person or business to get their documents legally notarized online, and Westcor Land Title Insurance Company, who underwrote and issued the title insurance policy.
“It is exciting to be a pioneer in the Florida market with the e-close experience. The days of long drives to title offices, scheduling time off work for the sole purpose of signing docs, and overseas clients searching for U.S. notaries will soon be a distant memory with this platform. Physical closing attendance will always be an option for consumers, but this added convenience will be a solution to a multitude of scenarios that will benefit our customers,” said Nate Davis, Owner of Florida Mortgage Firm.