Remote Online Notarization: Steps Lenders Can Take During Coronavirus Pandemic

The COVID-19 virus has created a level of uncertainty in our country not seen since the financial crisis of 2008. Moreover, recent orders by state governments to shelter in place or executive proclamations closing non-essential businesses have made it exceedingly difficult for our industry to serve consumers and complete real estate financial transactions.

Remote Online Notarization: Steps Lenders Can Take During Coronavirus Pandemic

The COVID-19 virus has created a level of uncertainty in our country not seen since the financial crisis of 2008. Moreover, recent orders by state governments to shelter in place or executive proclamations closing non-essential businesses have made it exceedingly difficult for our industry to serve consumers and complete real estate financial transactions.

Remote Online Notarization: Steps Lenders Can Take During Coronavirus Pandemic

Due to limited opportunities for face-to-face interactions, the ability to use remote online notarization to complete financial transactions has become a major priority for the real estate finance industry. RON uses two-way audio-visual technology to complete a notarial act when the principal is not in the same physical location as the notary public.

Remote Online Notarization: Steps Lenders Can Take During Coronavirus Pandemic

The COVID-19 virus has created a level of uncertainty in our country not seen since the financial crisis of 2008. Moreover, recent orders by state governments to shelter in place or executive proclamations closing non-essential businesses have made it exceedingly difficult for our industry to serve consumers and complete real estate financial transactions.