Tag Archives: eClosing

Florida Agency Network Closes First Refinance E-Closing Using Remote Online Notary

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.

Florida Agency Network Closes Florida’s First Completely Digital Transaction

Tampa, Fla. – March 8, 2018 – Florida Agency Network announced the completion of Florida’s first 100 percent paperless, fully-digital real estate closing transaction. The closing was completed by Paramount Title, a member of the Florida Agency Network, on March 7 in the Century 21 Beggins’ Madeira Beach office. All closing documents were executed electronically, and the Electronic Notarization of deeds and affidavits was performed by Notarize via an app interface utilizing a Notary in the state of Virginia.

“This is a historic transaction not just for Paramount Title and the Florida Agency Network, but also for the State of Florida and the real estate and settlement industry. We have long dreamed of the day of having a truly paperless closing, including the documents requiring notarization. We literally prepared, closed, and recorded an entire transaction digitally, without printing anything on paper. Our goal is to make this an option for all our clients. Not only does it streamline the process, but now reduces our industry’s impact on the environment. Paperless, digital closings offer many advantages versus the slower, traditional paper-based system. The paperless era has officially arrived!” said Aaron M. Davis, CEO of Florida Agency Network.

Paramount Title partnered with Notarize, the first notary public platform allowing any person or business to get their documents legally notarized online. Notarize’s propriety software system enables a completely paperless process via any mobile device. The Notarize platform saves time and money, reduces fraud, and provides a better customer experience by improving efficiency and convenience.

“In keeping with the culture of Century 21 and our focus on technology and the consumer experience, it was exciting to be a part of history. Innovation is key to success in the real estate business. As an industry, we must develop a speedier and more efficient closing process. This was a strong step in the right direction, and we look forward to many more,” said Craig Beggins, the Broker/Owner of Century 21 Beggins.

 

To read more about how the closing came to be, click HERE.