10 Companies Now MISMO RON-Certified
MISMO®, the real estate finance industry’s standards organization, today announced that 10 companies have successfully completed MISMO RON certification. Black Knight and Stavvy join eight previously certified companies.
Remote Online Notarization permits a notary public to notarize a document without the need to be in the physical presence of the signer. Signing and notarization of electronic documents is performed through use of audio-visual technology. The full list of RON-Certified companies includes: Black Knight, eNotaryLog, Hercules Holding, Nexsys, Notarize, NotaryCam, Pavaso, Signix, Snapdocs and Stavvy.
“Since announcing the MISMO RON certification program last April, we’ve seen significant interest from companies that want to demonstrate that their technology solutions meet the common set of industry standards needed to achieve this designation,” said Seth Appleton, President, MISMO. “This offers mortgage industry participants assurance that their MISMO RON-certified provider has adopted industry best practices and helps facilitate RON-enabled digital mortgage closings. Congratulations to Black Knight and Stavvy for becoming MISMO RON-certified.”
MISMO’s RON standards provide a common set of requirements, including credential analysis, borrower identification, capturing and maintaining a recording of the notary process electronically, audio and video requirements, record storage and audit trails.
The MISMO RON Software Certification Program uses a uniform method to assess RON providers’ compliance with the MISMO RON standards and provides benefits for both RON providers and mortgage industry participants such as loan originators, settlement agents, title underwriters and investors.
The certification program is designed to support integrity and scalability of eMortgages. It reduces or eliminates the burden of individual RON providers for assessment, certification and approval and delivers consistent assessment across all providers.
All RON-certified providers receive a “MISMO Compliant for RON Standards” seal, which can be prominently displayed on the RON provider’s website and marketing materials, pursuant to additional usage terms and conditions set forth by MISMO.