NotaryPro Partners with Secured Funding and World Wide Notary to Close Their First Complete Electronic Mortgage; Electronic Mortgage Closing with E-Notarization Reduces Cost, Errors, Time and Automates Compliance.IRVINE, Calif. -- NotaryPro, a nationwide signing service dedicated to getting loan documents signed accurately and on time, has coordinated and completed their first electronic notarization and electronic mortgage closing with e-recording in the history of the company. NotaryPro successfully demonstrated the ability to electronically automate the mortgage loan document signing process, enabling lenders to offer brokers and borrowers a complete electronic mortgage. NotaryPro, the preferred signing service of home equity specialist Secured Funding, coordinated and completed its first electronic home equity mortgage closing utilizing World Wide Notary's DigaSign electronic notarization and closing technology. Secured Funding recorded the electronic warranty deed An instrument that transfers real property from one person to another and in which the grantor promises that title is good and clear of any claims. A deed is a written instrument that transfers the title of property from one person to another. and security agreements utilizing US Recording, which officially filed with the Orange County, Calif. recorder of deeds Recorder of deeds refers to the government office tasked with maintaining a record of real estate ownership, as well as other deeds that provide persons other than the owner of a property with real rights over that property. . NotaryPro in conjunction with World Wide Notary's DigaSign e-closing "SMART" acknowledgements provided the technology platform for the event. NotaryPro captured the borrower's initials and signature on a biometric pad which transports the electronic data of initials, signatures and acknowledgments, applies it to the entire loan document package, inserts the electronic notary notary or notary public Public officer who certifies and attests to the authenticity of writings (e.g., deeds) and takes affidavits, depositions, and protests of negotiable instruments. signature and electronic seals, and then encrypts all data per Federal and State ESIGN ESIGN Electronic Signatures in Global and National Commerce Act and UETA UETA Uniform Electronic Transactions Act law. "Utilizing the DigaSign platform allowed NotaryPro to complete the mortgage closing in one third the time of a traditional paper closing with zero errors," said Kelly Fidel, Executive Vice President of Sales and Marketing for NotaryPro. "By using DigaSign, we were able to compress the mortgage signing process approximately four days, allowing the borrower to fund and record faster, and provide the lender with efficiencies and cost savings that aren't experienced in a traditional closing." "NotaryPro looks ahead to partner with ambitious companies dedicated to the vision of e-closing solutions. We are committed to providing our lender clients with the speed and efficiency of electronic digital document delivery and the competitive advantage of NotaryPro's operational excellence," says Michelle Williams Michelle Williams may refer to an actress or a singer born in 1980:
EVP EGR (Exhaust Gas Recirculation) Valve Position Sensor EVP Electronic Voice Phenomenon EVP Europäische Volkspartei (Germany) EVP Employee Value Proposition of Operations for NotaryPro. The partnership between Secured Funding, NotaryPro and World Wide Notary provides the tools to complete electronic purchase, refinance and home equity mortgages in California, and open the door to new document signing services for many different industries. World Wide Notary's Patent Pending application DigaSign with "SMART" acknowledgements, complies with security and compliance procedures set forth by the Secretary of State in California for the electronic notary seal and electronic signature which is as legally binding as a hand written signature. About NotaryPro: NotaryPro is the nationwide signing service that provides access to the latest advancements in paperless technology, as well as services that set national standards for quality, reliability, and customer satisfaction. Whether documents are overnight courier, e-mail, or digitally prepared, loan closings are executed with professionalism from a staff and a network of 12,000 signing agents. With NotaryPro's dedication to dotting every "i" and crossing every "t" you get the highest standards of quality controls, unmatched customer service, paperless technology and operational excellence that sets the pace within the loan signing industry. About Secured Funding Corporation: Secured Funding Corp. (www.securedfunding.com) is a future-focused mortgage banker Mortgage Banker A company, individual or institution that originates, sells and services mortgage loans. Notes: Don't confuse a mortgage banker with a mortgage broker. committed to leading the home equity revolution in America. The lender funds approximately $150 million in HELOC HELOC Home Equity Line Of Credit and home equity loans each month. Secured Funding remains positioned as the home equity specialist over recent years of market fluctuation by constantly improving speed, efficiency, and the overall customer experience. As a leader of home equity loans, Secured Funding has grown to serve a market often overlooked by traditional firms, thus providing lending value and strengthening connections between customers, brokers, and investors. The company's operations are centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. by technology through its state-of-the-art headquarters in Costa Mesa, California Costa Mesa is a suburban middle class city in Orange County, California, United States. The population was 108,724 at the 2000 census. Since its incorporation in 1953, the city has grown from a semi-rural farming community of 16,840 to a suburban city with an economy based on . Secured Funding was founded in 1993 and today has more than 850 employees and operates in 40 states. About World Wide Notary: World Wide Notary's (www.WWNotary.com) development of DigaSign Internet Notary Service comes from years of experience in the Internet technology industry. Pioneering electronic signatures, as early as 1996, World Wide Notary's management team has years of experience working with stringent Federal mandates, such as HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, , E-SIGN and UETA, regarding security and the use of electronic and digital signatures. |
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