SimpleNexus Enhances eClose Solution With RON Capabilities
May 26, 2021
SimpleNexus announced that its closing platform now supports remote online notarization (RON).
With the addition of RON to SimpleNexus eClose, lenders can provide borrowers with a fully digital, single sign-on homebuying experience from application to closing. Currently, 34 U.S. states have passed RON legislation.
"SimpleNexus is committed to delivering lenders with a one-stop platform that seamlessly guides borrowers throughout the entire homeownership journey," said SimpleNexus President Cathleen Schreiner Gates. "The added capability of RON, which enables full eClose, gives lenders and borrowers the choice to make closing as digital as they want. In addition to improved borrower experience, full eClose offers lenders substantial return on innovation with improved operational efficiency, greater data integrity and faster delivery of loans to the secondary market."
SimpleNexus has partnered Notarize, a MISMO RON certified provider, for the initial rollout. In the future, SimpleNexus said it will partner with additional RON vendors.
"Remote online notarization is rewiring the closing experience for the digital era, making it simple, more efficient, and secure to close from anywhere, any time,” said Pat Kinsel, Notarize Co-Founder and CEO. “In all market conditions, consumers are clamoring for the technology that streamlines closing, and Notarize is thrilled to be on the SimpleNexus eClose platform to close that 'last mile' of the transaction to make full eClosings a reality."
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