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Remote Online Closings - Title Companies Prepare for Change.
Remote Online Real Estate Closings - Title Companies Prepare for Change.Remote online real estate closings enter 2020 and title companies prepare for one of the largest changes in this business since TRID. We all remember having to sit at the closing table signing our life away on what seemed like an endless amount of real estate closing documents. Effective January 1st, 2020, Florida following many other states has enacted online notarization giving the title industry the ability to close real estate transactions completely online.
 
Remote Online Real Estate Closings - The Future
While there are some advantages and disadvantages, this will likely make the home loan closing process a lot easier. In cases where a home loan is utilized to purchase a home, the lender will likely send all of the home buyers documents in advance of the closing to ensure you have had plenty of time to review them. Once the real estate closing is ready to happen, title companies will now use online platforms such as Pavaso to initiate an online conference call to preform the notarial act and ensure the documents are executed properly. This is a 100% completely online process and requires no long drives to the title insurance ... more

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