10 Companies Now MISMO RON-Certified
April 20, 2021
Black Knight and Stavvy became the latest companies to successfully complete the MISMO Remote Online Notarization (RON) certification.
There are now 10 providers that have received the certification. Black Knight and Stavvy join eNotaryLog, Hercules Holding, Nexsys, Notarize, NotaryCam, Pavaso, Signix and Snapdocs.
RON permits a notary public to notarize a document without the need to be in the physical presence of the signer. The signing and notarization of electronic documents is performed using audio-visual technology.
"Since announcing the MISMO RON certification program last April, we've seen significant interest from companies that want to demonstrate that their technology solutions meet the common set of industry standards needed to achieve this designation," said Seth Appleton, president of MISMO. "This offers mortgage industry participants assurance that their MISMO RON-certified provider has adopted industry best practices and helps facilitate RON-enabled digital mortgage closings.”
MISMO's RON standards provide a common set of requirements, including credential analysis, borrower identification, capturing and maintaining a recording of the notary process electronically, audio and video requirements, record storage and audit trails.
The MISMO RON Software Certification Program uses a uniform method to assess RON providers' compliance with the MISMO RON standards and provides benefits for both RON providers and mortgage industry participants such as loan originators, settlement agents, title underwriters, and investors.
The certification program is designed to support the integrity and scalability of e-mortgages. It reduces or eliminates the burden of individual RON providers for assessment, certification, and approval and delivers consistent assessment across all providers.
All RON-certified providers receive a "MISMO Compliant for RON Standards" seal which can be prominently displayed on the RON provider's website and marketing materials, pursuant to additional usage terms and conditions set forth by MISMO.
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