Remote Online Closings - Title Companies Prepare for Change.

Title Insurance with Scarab Title & Escrow Services, LLC. W485738

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 company, sitting at large conference tables, or any other not so exciting part of buying a home.

A few things you will need for remote online notarization:

  1. A webcam - With today's technology push, nearly everyone has a smartphone that contains a camera which will often provide what is needed.
  2. Identification - Online notaries are required to verify identity not only online, but by utilizing other methods to validate your identity.
  3. Witness - Since you are no longer sitting at the title company where you can use an employee of the company to witness your signature, you will now have to provide a witness. In most cases, the witness should be a friend, neighbor, or co-worker since using a family may or may not be allowed depending on circumstances.
  4. Printer (optional) - If you would like a paper copy of your signed and notarized documents, you will need to print them. Technology driven companies like Scarab Title, will make your documents available online but it will be you choice to print them.

RON Closings are the Future

We have been awaiting this exciting industry change. Mortgage lenders are increasingly pushing title companies to be digital and as online real estate closings become more popular, we feel it will be the standard in the upcoming years. This has created many challenges for licensed title agents who have resisted technology or are not tech savvy as rumors are circulating that FNMA, the largest guarantor of mortgages, will require digital real estate closings in the near future. This will reduce the amount of paper circulating back and forth between title companies and mortgage lenders creating an eco-friendly, solution that will speed up the closing process substantially.

At the end of the day, we feel this is a huge benefit to the real estate industry and are happy to be able to accommodate our clients who may be out of state or even US buyers in foreign countries to purchase real estate in Florida.

Scarab Title & Escrow Services, LLC, of North Pinellas, FL, provides title and escrow services to support reliable real estate sales. Working with realtors, listing agents, and sellers directly, these professionals serve all of Florida. They believe in open and honest client communication and make themselves available for calls after hours to ensure top-quality customer care. Learn more about their background in title insurance and real estate closing services online. For an appointment, call (727) 378-4553.

Comments (20)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

It will be nice when we can do on-line closings remotely.  Will sure be good for those relocation buyers.

Feb 04, 2020 07:34 PM
Joseph Doohan
Joseph Doohan - Las Vegas, NV
I offer business strategy advice for realtors

These are great tips really helpful and will certainly be sharing these with my clients. I hope you have a great day ahead.

Feb 05, 2020 01:33 AM
Gwen Fowler SC Lakes & Mountains 864-710-4518
Gwen Fowler Real Estate, Inc - Walhalla, SC
Gwen Fowler Real Estate, Inc.

With some of the issues we have had lately with "long-distance" closings, online "virtual" closings would have been much better. 

Feb 05, 2020 07:16 AM
Susan Nadler
Scarab Title & Escrow Services, LLC. - New Port Richey, FL
Central Florida Title Insurance Company

We agree Gwen! There has been some "roll out" issues primarily with the less tech savy but for sure some issues.

Feb 05, 2020 08:15 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Susan Nadler welcome to ActiveRain, and congratulations on successfully posting your first blog.

Feb 05, 2020 10:08 AM
Laura Filip
Laura Filip Broker , Opening doors for All Seasons of Life - Whitesboro, TX
What can we do for you today?

Susan Nadler I have heard of this service but not used it. Looking forward to learning more about this system. Have a blessed day. 

Feb 05, 2020 03:22 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Welcome to the ActiveRain community. Congratulations on your first post.

Feb 05, 2020 03:25 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Susan Nadler the remote online closing can benefit buyers and sellers from  different locations.

Feb 05, 2020 03:28 PM
Graziella Bruner
NCS Premier Real Estate - Detroit, MI
Associate Broker - Serving Wayne & Oakland County

Welcome to Active Rain, congratulations on your first blog, remote closings, how awesome that would be, especially with our out of town buyers and those having to work and not being able to take a day off. My last client couldn't take anytime of work so it just happened that she had to switch her 8 to 5 schedule to 11 to 8 and we were able to get the buyers side signed at 9 and the sellers signed at 2 PM.

Feb 05, 2020 05:18 PM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Susan Nadler Massachusetts is an attorney state..... that will be a shocker to hundreds of attorneys in our state who focus on closings!!! I guess they'll be real estate Brokers at that point.

Feb 08, 2020 05:41 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Susan Nadler -  It was so easy for us to close on our second home in Florida.  Everything was done remotely and it was closed once we did the walk through.  In New York it is a very long process with at least 3 lawyers.

Feb 08, 2020 05:45 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Susan - the world is changing and keeping up with those changes can be a full-time job.  Closing tables are not a part of the real estate process in Southern California but changes of all kinds are not uncommon.  Keeping up-to-date on what is happening at the local/county/state level is important.  

Feb 08, 2020 06:33 AM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Susan. I learned a lot with this but reading it was difficult with the tiny font. Please use a bigger one.

Feb 08, 2020 07:23 AM
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes™- by eXp Realty - Vancouver, WA
REALTORS® in Clark County, WA

Hi Susan, I can see this would be very useful in some applications, but I would miss sitting at the closing table with our clients. It's always such a festive time. 

Feb 08, 2020 07:30 AM
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ

Hi Susan Nadler welcome to ActiveRain!  Clearly you have a lot to offer the community with this great post. I think it's fantastic that we're moving ahead to online closings.  And the biggest obstacle is learning what is needed and the process.  Very helpful post - thank you!

Feb 08, 2020 09:59 AM
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I worked with the Oklahoma legislature for 4 years on this and as January 1st we can now do this. Title companies have been slow to adopt andf this is disappointing to me.

Feb 08, 2020 01:45 PM
Susan Nadler

I agree! A lot of title companies got "for sale" signs as RON rolled out this year. We actually outfitted our closing rooms to do RON closings as well as hybrid closings. So far there are some lenders being slow to roll out but we are excited!

Feb 08, 2020 06:13 PM
Susan Nadler
Scarab Title & Escrow Services, LLC. - New Port Richey, FL
Central Florida Title Insurance Company

As a technology driven company we are excited for this! Unfortunately, I see some title companies already driving the fees up but we welcome the technology.

Feb 08, 2020 06:16 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Susan:

Welcome to ActiveRain and thanks for such an informative post. That's a huge but welcome change.

We don't have a closing table here in CA and loan docs are often signed remotely with a mobile notary.


Feb 10, 2020 10:22 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Welcome to Active Rain, looking forward to reading many more of your posts, let me know if there is anything that I can do to help as you get started here.

All the best of success to you.


Feb 29, 2020 07:57 AM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Covid-19 has certainly thrown us a wrench,  one party at a time are attending the closing . And agents are limited to sitting in their cars out in the parking lot 

May 03, 2020 04:18 AM