WACO Title, Pavaso Collaborate to Deliver E-notary Closing in Arkansas
January 23, 2018
WACO Title Company and Pavaso Inc. reported that the companies recently completed Arkansas’ first full e-notary closing since the state legislature passed The Arkansas Electronic Notary Public Act in early 2017.
The closing took place in the WACO Title’s headquarters in Springdale, Ark. The real estate transfer document was electronically signed, notarized, and filed in the public records of Washington County.
“The idea of moving the closing process to a more electronic experience for consumers has been in the works for over a decade,” said Patrick Curry, president and CEO of WACO Title. “Waco Title and Pavaso have been among the leaders in this movement, which empowers the consumer and transforms the closing experience into one built upon transparency and efficiency. We look forward to continuing to utilize e-closing and e-notary technologies to benefit our customers and improve efficiencies.”
Curry also observed that Waco Title has 30 associates certified by the Arkansas Secretary of State with e-Notary commissions.
The e-closing process gained speed in Arkansas recently as the Arkansas Secretary of State began the process of commissioning e-notaries. In early 2017, the Arkansas General Assembly passed the Arkansas Electronic Notary Public Act, defining many standards necessary to protect the legitimacy of e-signed and e-notarized documents in the state.
“We are proud to help lead the way in making the e-Notary and e-Closing processes mainstream, and WACO Title is a proven ground breaker in these fields as well,” said Mark McElroy, CEO of Pavaso. “We are collaborating with government and the private sector in numerous states to make the process the norm, rather than the exception. The result is one of compliance, efficiency and accuracy—but most of all, it’s simply a smoother process for the consumer.”
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