If your state is green and you have a Notary license, it’s time to expand your business with remote online notarization (RON).
RON removes the need for signers to meet with a notary in person, which is convenient. Plus, it provides an extra layer of security and increased transparency for all involved.
Authenticating Documents
Many states have passed legislation that enables RON. If your state is GREEN and not marked with an X, it supports remote online notarization!
Borrowers get faster closing and access to loan funds with a convenient, secure way to sign mortgage documents using remote online notarization. This digital environment improves customers’ experience and helps them avoid travel costs and congestion.
RON uses ID scanning and knowledge-based authentication to ensure that only the person logging into the audio-visual session is conducting the notarial act. It also helps reduce fraud by requiring the signer to answer questions only they should know, filtered from authentic data records in their background.
Lastly, a digital certificate is used to apply the eSeal, which provides an additional layer of identity proofing that can’t be faked or copied. This and the other security protocols help to ensure that a document is authentic, secure, and not tampered with.
Creating Appointments
In addition to the convenience for both parties, RON is faster than traditional in-person notarizations. The process allows borrowers to get documents notarized remotely when convenient, which expedites loan closings. It’s also a lot cheaper. Borrowers can save money on gas and don’t have to worry about notaries being closed or waiting around for appointments.
The process also makes documents tamper-evident, which gives authorized parties peace of mind. However, there are some restrictions based on the notary’s commissioning state. For example, a notary cannot notarize their document or documents in which they have a financial interest.
Getting Started
New York notaries can do so via an audio and visual communication platform with security protocols when getting a document notarized online. This option has been increasingly popular since the COVID-19 pandemic, and it’s an excellent way for notaries to expand their client base while providing convenience to those who may have difficulty traveling.
For example, RON can help expedite the process of creating powers of attorney, which are important legal documents that authorize a person or entity to make financial decisions on behalf of another person. In addition, RON can streamline the process of establishing trusts.
Moreover, RON provides an efficient and secure method of verifying identity because it uses state-of-the-art techniques that aren’t available with traditional in-person notarizations. As a bonus, RON can also reduce business expenses by eliminating the need for printers, expensive ink toner, and gas, ultimately leading to higher profit margins. In addition, a digital record of the notarization is captured and stored for years to come.
Getting Paid
Working as a remote online notary is a great way to make extra money during random breaks and downtime. Not only will it help you to make connections that may be beneficial in your future career, but it can also provide an excellent work-life balance and reduce the environmental impact of lengthy commutes.
Using remote online notarization also saves clients time and avoids the hassle of finding, scheduling, and traveling to meet with you. This convenience can speed up the closing process and give you a competitive edge over other notaries.
Once you become a certified notary public, it is easy to start generating business by offering remote online notarizations in your state. Make sure to spread the word and have business cards ready! You never know when you will come across a potential client and be able to help them with their notarization needs. If you want to launch a RON practice, it’s essential to seek legal counsel and establish business policies, procedures, terms of service, etc.
