What is Remote Online Notarization (RON) and How Does it Work?
In 2020, Colorado became the 26th state to sign Remote Online Notarization (RON) legislation into law. The law reshapes how notarial acts can be executed in the state, allowing the use of technology to complete a notarial act when the signer is not in the same location as the notary public. While certain industries, including real estate, were moving toward digital-first solutions before 2020, the COVID-19 pandemic compelled companies to expeditiously initiate strategies that modernize routine business transactions as a way to ensure relevancy and operational viability.
The Evolution and How It Works
Notarization is an essential fraud-deterrent process that ensures the authenticity of signers and documents by utilizing a system of vetting, certifying, and record-keeping. With RON, signers and notaries are able to get documents signed and notarized without the need for a physical meeting. Through live video chat on a secure technology platform, the notary will verify signer identities using authentication ID technology. Key documents are signed and stamped digitally, and the process is recorded using a secure audio video platform. The notary’s journal of remote online notarizations is also 100% digital.
Land Title Offers RON
Currently, Land Title is offering RON to our customers and yours through trusted third-party providers for non-lender documentation notarization. We are in the process of training a Colorado-based notary team who will be fully credentialed for RON, in addition to investing in and implementing a RON-hosted technology platform that meets all certification requirements. We anticipate our RON-trained team and secure platform will be operational by fall 2021.
We continue to make key investments to develop innovative, intuitive and secure ways to improve the closing experience. As always, our goal is to provide a seamless experience that surpasses all expectations.