The online notary is the process of having a document notarized using electronic signatures and other technologies. The method of using online notary services involves virtually connecting with your clients and offering them your services. Through this platform, you can confirm the client’s identity and witness the signing of the requisite documents. Online notary services mean the process is handled digitally, without the hassle of meeting the client face-to-face. This service offers many benefits to both the notary public and the client, including:
Enhanced borrower experience
Online notary services are much more convenient as compared to the traditional process of meeting a notary in person, which can be time-consuming. The flexibility offered allows borrowers to schedule online appointments at a time that suits them; they can also hurry the closing process and get their loans faster. Borrowers can stay in the digital environment from beginning to end of the process.
Boosts client satisfaction
Online notarization allows clients to sign documents from anywhere through audio and live video conferencing. This service helps the customers by allowing them to choose when to interact with the notary. Hence it is convenient.
Fast and more accurate process
Unlike paper documents, the service enables mandatory fields. In online notarization, missed or incorrectly entered areas are flagged. Thus it helps the customers to avoid delays by proactively correcting errors. This is resourceful since, in traditional methods relying on papers, mistakes or even miss a signature are likely to occur.
Thus, few errors occur, meaning you will have 100% complete documents every time. Remote notarization will help you get the client’s signature in a matter of minutes instead of days or even weeks. This means bidding goodbye to the long hours of making after-hours trips to meet the people needing the notary services.
Lenders save time and improve turnaround times
Online notarization ensures efficiency. This is due to less travel, as notaries can certify more documents within a shorter time frame. With this end-to-end process, all documents can be signed, notarized, and processed on the same day. This speeds up the time taken for notarization.
Reduce operation costs
Digital signatures save time. Because you have the time to do the processes online, you have more time to spend on sales and relationship-building instead of paperwork. Operation costs like traveling to meet the notaries physically will also be significantly reduced. The printing of documents is not necessary as the process is carried out online.
Security and fraud prevention
In the online notary, there is an extra layer of oversight in the form of identity credential analysis. Unlike the traditional notary process, which involves manually reviewing a photo ID or passport, this is not always precise.
Online notary services are entirely sustainable as compared to paper-based processes. This is because there could be a significant reduction in the number of papers to be printed and the speeding up of the notary processes. It is also convenient, as the notarization process is done in minutes. This saves both money and time while giving clients better services.