Posted by EVERYBOND Surety & Insurance Solutions on
The Remote Online Notarization (RON) is the course of virtually certifying closing docs through online tools without requiring the participant to carry out an in-person meeting. The remote notary of the state facilitates audio-visual software, apps for E signatures, and other software tools to support the process.
The majority of states have embraced remote online notarization in the preceding year to guarantee a safe and hassle-free closing experience for the purchasers and other parties involved in the deal.
The Background of Notarization
Notaries are deemed to be coined from the Roman Empire. The Romans used notaries to formulate agreements, wills, and other contract docs and charged a payment for it.
As the empire expanded and the literacy rate escalated, the demand for notaries increased. Hence, from there, notaries became more common as the entire globe gradually embraced them as the gold standard to endorse deeds, agreements, and other legal procedures.
In-person notaries are serving throughout the US since the 15th century that typically remained the same till the current digital transformation.
What are the Types of Notarization?
It is the conservative notarization procedure where all parties meet face-to-face in the notary office to sign agreements.
Remote Ink Signed Notarization
The parties sign the docs through ink signatures, but mutual consent is attained through audio or video call.
The parties arrange a physical meeting to validate identity and express consensus. However, the document signing takes place through electronic mediums.
Remote Online Notarization
It allows 100% visual notarization for all parties associated with the transaction. The partakers can electronically sign the docs, conduct online meetings and share consent.
What Does RON Process Involve?
RON process involves six steps that are as follows:
The signer forwards a request to the notary to carry out remote online notarization.
The signer uploads docs on the online medium that are endorsed by the state and used by the notary.
Detect Screening and Certification
It is the most crucial step of the procedure where the notary remotely confirms the signer’s identity as per the state laws (where the transaction takes place).
Signing and Notary Seal
After completion of identity certification, the notary and the signer carry out a virtual session for the document signing. It is then followed by the request of the eNotary seal on the docs.
The notary registers other valuable info from the signers. And maintains the record of audio and video session for future reference.