RISMedia's Real Estate Magazine

JUL 2018

Real Estate magazine is the industry's leading source for real estate news and information since 1980. Published monthly by RISMedia, Real Estate magazine offers timely and relevant real estate news to the industry's top brokers and agents.

Issue link: http://remag.rismedia.com/i/996974

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Page 98 of 126

94 July 2018 RISMedia's REAL ESTATE one of our strategic objectives for some time, and Notarize has helped tackle the legal and technical barri- ers to help make the digital real es- tate transaction a reality. Realogy's investment in Notarize positions us at the forefront of change as the in- dustry takes a step toward making buy-sell transactions, refinancing a home or executing a lease 100-per- cent digital." "We believe that remote notariza- tion will provide a timely and distinct advantage for today's mobile buyers and sellers and for military stationed abroad," adds Casey. "The enthusi- asm for the technology is company- wide." "We expect this online option will provide security and technical flex- ibility to our customers, who would no longer have to find babysitters or take time off from work to sign before a notary," says Scott McCall, CEO of Title Resources (TRG's Underwriter). "We are excited to continue to move toward modernizing the closing pro- cess and bringing the chore of sign- ing paperwork into the 21st century." "From a title perspective, it's a great tool for people with daytime conflicts," Casey explains. "They can come to the virtual closing table long after business hours or even while they are traveling." The electronic option brings state- of-the-art efficiency to the traditional real estate transaction and helps eliminate potential failure points, ex- plains Gorman. "It has long been a logistical chal- lenge—and a pain point for buyers and sellers—to have to drop every- thing, drive to an office and sit before that notary to sign real estate-related documents," says Gorman. "We are always looking for innovative tech- nologies, such as those offered by Notarize, to make the home-buying and -selling process seamless." Realogy mortgage partner Nik Athanasiou, COO of Guaranteed Rate Affinity (GRA), is glad to see the practice gaining momentum. "There is no question that remote notarization puts the customer in the driver's seat," he says. "It stream- lines the mortgage process, elimi- nating the need for overnight mail service, fax or hand-carried paper- work—and provides absolute trans- parency because customers input their own information at the time and place that works best for them." Government entities will also ben- efit in this further digitization and streamlining of the real estate trans- action. "Freddie Mac is proud to be one of the early pioneers to accept electronic loan documents," says Sam Oliver, vice president of Major Project Execution for the Single-Fam- ily Business at Freddie Mac. "We're excited to continue working with No- tarize to make 100-percent online e- closings a reality. Their partnership with Realogy and Freddie Mac via Guaranteed Rate Affinity will provide a more convenient, secure and end- to-end solution for borrowers today." The rapid acceptance of remote notarization comes as no surprise to Adam Pase, co-founder and COO of Notarize. "We are taking a historic process into the present," says Pase. "So much of the real estate transac- tion has been conducted the same way for decades, but customers are expecting a new experience that empowers them on their terms, "Moving toward a full digital closing has been one of our strategic objectives for some time, and Notarize has helped tackle the legal and technical barriers to help make the digital real estate transaction a reality." - DON CASEY President and CEO, Title Resource Group (TRG) (Left to Right) Nikolaos Athanasiou, chief operating officer, Guaranteed Rate Affinity; Don Casey, president and CEO, TRG; and Walter Mullen, chief strategy officer, TRG

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