Posts Tagged ‘RON’

2 computer monitors facing each other with hands sticking out to exchange a signing pad

Are you ‘RON Ready?’ Let lenders know

Is your agency set up to close transactions using remote online notarization (RON)? If so, the American Land Title Association (ALTA) is encouraging you to let lenders know by updating your ALTA Registry listing.

“RON is in high demand and lenders are actively looking for title and settlement companies that can close their loans using this technology,” the association said in a recent post. “Being RON Ready could lead to new revenue during these difficult times.”

There is no cost to be included on the ALTA Registry.

Update your listing on the ALTA Registry at: https://www.alta.org/registry/

components of digital closing

Your guide to the Digital Closing Process is here

Interest in digital closings is surging, and Alliant National is committed to making sure you stay ahead of the curve.

Today, we’re releasing to our agents a new series of handbooks exploring the elements and principles of digital closings.

Extensively researched and content-rich, Alliant National’s Components of a Digital Closing series demystifies the Digital Closing Process and its five major components: eSign, eNotary, eNote/eVault, eRecording and eCollaboration. Each handbook in this series explores one component. The purpose of the component is briefly described and placed within the context of the broader Digital Closing Process. Laws, regulations, technological requirements and specific technologies are discussed where appropriate.

This collection is designed to be a comprehensive, ready reference as the industry transitions toward the digital closing environment.

online notary

RON – What to Know About Remote Online Notary in Florida

Remote Online Notarization (RON) is a new form of notarization permitted in Florida as of January 1, 2020.

Florida’s previous notary laws required that the person signing certain legal documents and persons signing as witnesses be in the same room, that is, physically present with each another.

Florida’s new RON law allows persons to be physically outside the presence of the Florida online notary as long as the notary is located in Florida and all parties can see, hear and communicate with each other via acceptable audio-video technology.     

Although “in-person” notarizations are still by far the norm, we will continue to see RON’s growth and use as the real estate industry increasingly moves to electronic and digital technology.  

Moreover, in light of the COVID-19 pandemic, RON will increasingly become a logical alternative and preference as parties to a transaction do not have to be in others’ physical presence.  

It is important to remember that a “traditional” Florida notary cannot simply begin acting as a Florida online notary. Before acting as a Florida online notary, the notary must be successfully registered as an online notary with the Florida Department of State. This registration requires completion of a two-hour course, having certain insurance policies in place, and selection of a “RON service provider” (the technology company that provides the platform for the audio-video technology and other required obligations such as an electronic journal).      

The current major impediment to RON is its slow acceptance by large institutional banks and lenders. Other more “technology-minded” lenders are adopting RON at a faster pace. Despite the slow acceptance by the lending industry, RON will be an important part of the ongoing shift to handling real estate closings online digitally and electronically. Once fully implemented, these practices will save agents time and costs and be more convenient for all parties to a real estate transaction.

ALTA ONE 2019 - UNbound

ALTA One 2019

Must-See Educational Sessions at ALTA ONE 2019

ALTA ONE is next week, October 22-25th at the Fairmont Hotel in Austin, Texas. It’s an important event bringing together leaders in the title industry to swap new ideas and business practices in educational sessions that really work.

As always, there’s a lot of content! ALTA ONE will cover a range of hot topics, so which sessions are a must-attend?

We enlisted the help of Nathan Marinchick, Director of Research and Educational Programming at Alliant National, to help identify the top 10 education sessions you may want to place on your ALTA ONE dance card next week.

Wednesday, October 23, 2019

9:00 am – 10:00 am OMNI SESSION: THE POWER OF PURPOSE

ALTA’s CEO, Diane Tomb, will share her vision for the coming year and what she sees as the industry’s greatness opportunities and weaknesses. And Entrepreneur, author and “ad man” Roy Spence will help ignite your “epiphany of purpose” during this keynote — Have you found your purpose? What motivates you? What truly drives your company? Discover and fulfill your purpose.

10:30 am – 11:30 am NOTABLE: TEXAS TITLE AGENTS ARE ROCKING WITH RON

In 2018, Texas became the 3rd state to permit remote online notarization. This session will provide a first-hand perspective on implementing RON in your operation. As RON becomes legal in your state you won’t want to miss this opportunity to learn from early adopters.

1:00 pm – 1:30 pm ENGAGEMENT LAB: COMMERCIAL BUSINESS: GETTING YOUR FEET WET WITHOUT SINKING THE BOAT

This lab is designed to demonstrate how your title and closing skills and experience have given you a solid foundation to explore the world of commercial real estate transactions with confidence.

2:00 pm – 3:00 pm NOTABLE: RESPA 411

This session will review the latest cases and enforcement actions on RESPA, affiliated businesses, and marketing services agreements. Come with your questions and discuss the latest trends in RESPA compliance. Experts will address the future of the CFPB and enforcement actions.

3:30 pm – 4:00 pm ENGAGEMENT LAB: BUILDING A FLEXIBLE WORKFORCE

Our industry is facing significant changes from a staffing standpoint. How do you face the challenges of finding new people when you have a retirement or just the everyday turnover? What does flexibility in your workforce look like and how can you successfully adapt your business to recruit and retain new staff through these changes? Join this lab to discuss these challenges and brainstorm solutions.

3:30 pm – 4:00 pm ENGAGEMENT LAB: CULTURE AUDIT WITH ALLIANT NATIONAL’S BOB GRUBB

Culture is central to the health of an organization. However, it is often invisible to those in it, making it difficult to understand what our culture is, and more importantly, what areas require improvement. This is why a culture audit is a good idea. Join this lab to learn how this process works and what to do with the results.

Thursday, October 24, 2019

8:45 am – 10:00 am OMNI SESSION: FROM THE DARK WEB TO WALLSTREET (SPONSORED BY INCENTER TECHNOLOGY)

Wire Fraud keeps us up at night. Listen to two local law enforcement detectives involved in a headline-making case in which money was stolen, then recovered, through a wire fraud incident. Additionally, an Austin based Realtor will discuss how unsuspecting clients can fall victim to wire fraud schemes. And Cybersecurity is top-of-mind for all of us, whether we’re thinking about our professional or personal lives. The director of cybersecurity for Morgan Stanley Wealth Management and Investment Technology, Rachel Wilson, knows exactly the dangers you face. Wilson will share her expertise on how best to protect your business and avoid falling prey to scams and attacks.

10:30 am – 11:30 am NOTABLE: PROPOSED ALTA POLICY FORMS – WHAT’S COVERED, WHAT’S NOT?Title insurance is what we sell, so it’s imperative to know when coverages change. Hear from two ALTA Forms Committee experts about the proposed updates to the 2006 policies. You will be introduced to the new versions, know why changes were made, and what they mean for your business.

12:30 pm – 1:30 pm NOTABLE: THE UNEXPECTED BENEFITS OF DIGITAL CLOSINGS

Often when we talk about digital closings, we talk about what’s in it for the consumer or lender. But you should also focus on the benefits that digital closing can bring to your operation. In this session, learn how digital closing technology can change your workflow and improve efficiency – while also providing the more convenient and prompt closing your consumers and lenders want.

12:30 pm – 1:30 pm NOTABLE: 8 LEGIT WAYS TO MARKET YOUR CULTURE TO HUMANS UNDER 40

If you’re job searching and under the age of 40, you’re probably not going to get excited about a job that offers “competitive benefits” and a “standard work week” with “two weeks of paid vacation.” Sorry, title pros! The new wave of employees has different expectations and you do have to adapt and market your values differently. Take home 8 great ideas to attract talented employees for your business.

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