Mid America Mortgage is now using NotaryCam’s integration with DocMagic Inc., a provider of fully-compliant loan document preparation, to conduct remote online notarizations through DocMagic’s Total eClose platform. Mid America will leverage the integration throughout its retail, correspondent and wholesale channels.
“Since 2016, Mid America’s strategy has been digital first. As a result, we have been able to condense our application-to-closing time down to just two weeks and our closing ceremony to 30 minutes or less with our digital mortgage product Click n’ Close,” said Mid America’s CEO Jeff Bode. “Remote online notarizations allows us to double down on our closing efficiency while also providing additional convenience to our customers. The addition of NotaryCam’s remote notary services through our established eClosing partner DocMagic enables us to extend the value we’ve experienced to date through our digital mortgage strategy.”
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According to NotaryCam, the company has completed more than 160,000 remote online notarizations transactions for individuals located across the U.S.
“Until recently, mortgage closings still required participants to physically congregate in a single location to complete the transaction. Today, remote online notarization enables lenders and settlement agents to eliminate the closing table without losing the personal connection of the closing ceremony,” said NotaryCam’s founder and CEO Rick Triola. “The value of the convenience that remote online notarization provides cannot be overstated, and it would behoove mortgage and settlement professionals to incorporate RON into their existing closing process.”
Total eClose is DocMagic’s comprehensive end-to-end eClosing solution. The integration with NotaryCam allows Mid America Mortgage and Click n’ Close to eNotarize documents remotely using NotaryCam’s remote online notarization service, eliminating the need for home buyers and sellers to physically appear before a notary to wet-sign loan documents.
“We continue to focus on implementing seamless digital closing solutions for our customers,” stated Dominic Iannitti, president and CEO of DocMagic. “Mid America’s accelerated processes highlight the benefits DocMagic delivers for both lenders and borrowers. The added efficiency of NotaryCam’s remote online notarization solution is the logical next step and a key component to achieving 100% paperless eClosing transactions.”
