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Redfin, Notarize Close Loans Online

Redfin and Notarize are working together to provide the capability to close a mortgage loan online. Redfin Mortgage completed its first digital home closing November 2 for a Texas homebuyer and continues to schedule more digital closings as consumers learn about this option.

"Redfin is using technology to improve the entire home buying process from initial home search, to mortgage application and approval, to purchasing and now closing on a home purchase," said Jason Bateman, head of Redfin Mortgage. "For homebuyers, this means you can choose the time and place to sign your documents, whether that's from the comfort of your couch or on your phone in the moving truck outside your new home."

Online closings are completed through Title Forward, Redfin's title and settlement company, and Redfin Mortgage. Notarize is a digital platform that provides a convenient, secure, scalable solution for homebuyers, agents, lenders, title agents and secondary market investors. All participants can review, sign and collaborate online to process transactions in a completely paperless format, when and where it works for them.

"Our closing solution is a natural fit for Redfin because their customers are accustomed to a digital, mobile product," said Pat Kinsel, founder and CEO of Notarize. "No longer do customers have to leave work, find a babysitter, coordinate schedules or travel to the closing. Our technology integrates to seamlessly to deliver an easy, intuitive experience, so that buyers can get on to moving and unpacking boxes in their new home."

Notarize was the first provider to introduce a scalable platform for completely digital mortgage closings, completing hundreds of real-estate transactions since its launch last year, and growing by more than 50 percent each month.

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