The Fastest Real Estate Remote Closings Online

With remote closings becoming a standard practice, it’s essential to familiarize yourself with the process to better guide your clients through signing closing documents online. The pandemic accelerated digital transformation in the real estate industry, revolutionizing traditional closings. Remote online notarizations (RONs) surged by 547% for real estate transactions, offering buyers and sellers a more convenient and secure way to close deals.

1. What Is a Remote Real Estate Closing?

A remote real estate closing mirrors traditional closings, but with a digital twist:

• Signing documents remotely
• Virtual notarization of signatures
• Electronic identity verification

These advancements make the process faster, safer, and more efficient while maintaining legal integrity.

2. How Do Real Estate E-Closings Work?

Remote closings employ varying degrees of digital technology. It’s important to distinguish between different methods:

In-Person Electronic Notarization (IPEN)

• Parties meet in person but sign documents electronically.
• Reduces paperwork but doesn’t eliminate travel or physical interaction.

Hybrid Electronic Closing

• Some documents are signed online.
• Parties still meet in person for specific notarized forms.

Remote Online Notarization (RON)

• Entirely digital using video conferencing and electronic documentation.
• Parties can complete the process without ever meeting face-to-face.

3. Pros and Cons of Remote Real Estate Closings

Advantages

1. Physically Safe: Eliminates the need for in-person meetings, adhering to health and safety protocols.
2. Convenient and Efficient: No travel required; parties can schedule notarization at a time that suits them.
3. More Time to Review: Closing documents are shared in advance, allowing thorough review and research before signing.

Disadvantages

1. State Acceptance Varies: While most states have adopted RON, some still lag in recognizing its legality.
2. Learning Curve: Buyers, sellers, and professionals unfamiliar with digital tools may require extra guidance.

24. What to Expect from a Remote Real Estate Closing

Remote closings are designed to streamline the transaction process. Here’s what buyers and sellers should anticipate:

• A secure digital platform for signing and notarization.
• Advance access to closing documents for review.
• No need for physical presence—transactions happen from the comfort of home.

5. Identify the Documents That Require Notarization

Key documents typically requiring notarization include:

• Deed: Confirms ownership transfer.
• Promissory Note: Outlines loan repayment terms.
• Notice of Right to Rescind: Provides the borrower’s right to cancel.
• Mortgage, Security Instrument, or Deed of Trust: Secures the loan against the property.

6. Why Use Blue Notary for Remote Closings?

Blue Notary offers a robust platform for simplifying remote real estate closings. Here’s why it’s the go-to solution:

Key Features:

• Enhanced Security: State-of-the-art encryption ensures your documents remain secure.
• Device Flexibility: Signers can use any device—smartphones, tablets, or computers—to notarize their documents.
• Ease of Use: Intuitive interface and 24/7 support make the process seamless for all parties.

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Discover how Blue Notary can revolutionize your real estate closings by simplifying notarization and improving client satisfaction. Book a demo to learn more about our remote closing solutions and why they’re the future of the real estate industry.

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