One of the drawbacks of eSignings is that, although it's supposed to eliminate paper loan documents, there are still paper documents to sign. Ideally the borrower would be able to sign all of the documents with the click of a mouse.
But there are documents that require notarization. Those documents still have to be signed the old-fashioned way. And until a system is set up so that notaries can seal the documents electronically, eSignings will continue to rely on paper documents.
I foresee a day when these documents will be notarized electronically. In preparation for that day, I applied for and, pleased to announce that, I have been approved by the Colorado Department of State to notarize documents electronically:
I have also been issued Document Authentication Numbers. I would like to show you what one looks like, but these are numbers that I have to safeguard, just as I would my notary stamp.
Now that I have been approved to notarize electronically, the next step is to continue to educate myself on eNotarization.
And if eSignings ever become totally electronic, I hope to be ready for that day.
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