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Let’s start with the basics

With the recent acceleration of the digitalization of the home buying process, lenders and title agents are looking for secure and efficient technology solutions to complete real estate transactions. This educational page is dedicated to explaining the different closing, signing and notarization types, so you can determine what will work best for you.

What is an eClosing?

An eClosing is the act of closing a real estate transaction electronically. This occurs through a secure digital environment where some or all of the closing documents are accessed and executed electronically.

 

eClosings result in eMortgages only if the promissory note is in a smart document format and signed electronically.

 

Types of Closings & eClosings

 
 

Types of Closings & eClosings

Types of Notarizations & eNotarizations


Traditional Wet Ink Notarization (TWIN)

Documents are wet-ink notarized, in the presence of the notary.


In-Person Electronic Notarization (IPEN)

In-person electronic notarization (IPEN) completed, using an internet-enabled device.


Remote Online Notarization* (RON)

eNotarization with participation from separate physical locations using two-way audio-video technology.


Remote Ink-Sign Notarization** (RIN)

Documents are printed and wet-ink signed while notary observes via two-way, audio video technology. Those documents are delivered to the notary for certification, execution and affixation of the official notary stamp or seal.

*Due to platform capabilities, state law or regulation or all, electronic notarization and remote online notarization are not available in all areas.

**Users should consult their title insurance underwriter, if applicable, laws, regulations, and Executive Orders applicable to each signing session. Users are solely responsible for all steps necessary to ascertain, determine, meet, and verify compliance with all applicable orders, laws, regulations, rules and requirements governing any notarial or other execution of writings facilitated in whole or part through Pavaso’s Essential Notary™ or any other Pavaso technology.

Types of Notarizations & eNotarizations


Traditional Wet Ink Notarization (TWIN)

Documents are wet-ink notarized, in the presence of the notary.


In-Person Electronic Notarization (IPEN)

In-person electronic notarization (IPEN) completed, using an internet-enabled device.


Remote Online Notarization* (RON)

eNotarization with participation from separate physical locations using two-way audio-video technology.


Remote Ink-Sign Notarization** (RIN)

Documents are printed and wet-ink signed while notary observes via two-way, audio video technology. Those documents are delivered to the notary for certification, execution and affixation of the official notary stamp or seal.

*Due to platform capabilities, state law or regulation or all, electronic notarization and remote online notarization are not available in all areas.

**Users should consult their title insurance underwriter, if applicable, laws, regulations, and Executive Orders applicable to each signing session. Users are solely responsible for all steps necessary to ascertain, determine, meet, and verify compliance with all applicable orders, laws, regulations, rules and requirements governing any notarial or other execution of writings facilitated in whole or part through Pavaso’s Essential Notary™ or any other Pavaso technology.

The Differences Between the Types of Closings & eClosings

Now, let’s take a look at how the types of closings and notarizations work together to create different closing options.

Type of Notarization

Traditional Wet-Ink Notarization (TWIN)
In-Person Electronic Notarization (IPEN)
In-Person Electronic Notarization (IPEN)
Remote Online Notarization (RON)
Remote Ink-Sign Notarization (RIN)

Type of Closing

Traditional Closing
Hybrid eClosing
Full eClosing
Hybrid or Full Remote Online eClosing
Remote Traditional Closing

Description of the Closing Option

Parties appear in person and wet sign and notarize printed documents.

Parties appear in person to eSign most documents, wet sign certain printed documents and notarize or eNotarize as permitted.

Parties appear in person to eSign and eNotarize all documents.

Parties attend the closing remotely using two-way audio-video technology to eSign and remotely eNotarize documents. If some documents, including the promissory note, are wet ink signed and notarized, then this type of closing is known as Paper Remote Online Notarization (or PRON) transaction.

Parties attend the closing remotely using two-way audio-video technology, where the notary observes the wet signing of the documents. The wet-signed documents are returned to the notary for them to complete the certification and execution and affixation of the official notary stamp or seal.

Document Form

Paper

Electronic & Paper

Electronic

Electronic

Paper

Signing Method

Wet-Ink

Electronic & Wet-Ink

Electronic

Electronic

Wet-Ink

Notarization Method

Wet-Ink

Electronic & Wet-Ink

Electronic

Electronic

Wet-Ink

Identification Method

Traditional Means

Traditional Means

Traditional Means

Presence at Closing

In-Person

In-Person

In-Person

Remote

Remote

eNote Capability

No

Yes, but not required

Yes, but not required

Yes, but not required

No

The Differences Between the Types of Closings & eClosings

Now, let’s take a look at how the types of closings and notarizations work together to create different closing options.

Type of Notarization

Traditional Wet-Ink Notarization (TWIN)

Type of Closing

Traditional Closing

Description of the Closing Option

Parties appear in person and wet sign and notarize printed documents.

Document Form

Paper

Signing Method

Wet-Ink

Notarization Method

Wet-Ink

Identification Method

Traditional Means

Presence at Closing

In-Person

eNote Capability

No

 

Type of Notarization

In-Person Electronic Notarization (IPEN)

Type of Closing

Hybrid eClosing

Description of the Closing Option

Parties appear in person to eSign most documents, wet sign certain printed documents and notarize or eNotarize as permitted.

Document Form

Electronic & Paper

Signing Method

Electronic & Wet-Ink

Notarization Method

Electronic & Wet-Ink

Identification Method

Traditional Means

Presence at Closing

In-Person

eNote Capability

Yes, but not required

 

Type of Notarization

In-Person Electronic Notarization (IPEN)

Type of Closing

Full eClosing

Description of the Closing Option

Parties appear in person to eSign and eNotarize all documents.

Document Form

Electronic

Signing Method

Electronic

Notarization Method

Electronic

Identification Method

Traditional Means

Presence at Closing

In-Person

eNote Capability

Yes, but not required

 

Type of Notarization

Remote Online Notarization (RON)

Type of Closing

Hybrid or Full Remote Online eClosing

Description of the Closing Option

Parties attend the closing remotely using two-way audio-video technology to eSign and remotely eNotarize documents. If some documents, including the promissory note, are wet ink signed and notarized, then this type of closing is known as Paper Remote Online Notarization (or PRON) transaction.

Document Form

Electronic

Signing Method

Electronic

Notarization Method

Electronic

Identification Method

State specific multi-factor requirements, which includes knowledge-based authentication (KBA), automated authentication of government-issued photo ID, and/or visual inspection of ID through video technology.

Presence at Closing

Remote

eNote Capability

Yes, but not required

 
 

Type of Notarization

Remote Ink-Sign Notarization (RIN)

Type of Closing

Remote Traditional Closing

Description of the Closing Option

Parties attend the closing remotely using two-way audio-video technology, where the notary observes the wet signing of the documents. The wet-signed documents are returned to the notary for them to complete the certification and execution and affixation of the official notary stamp or seal.

Document Form

Paper

Signing Method

Wet-Ink

Notarization Method

Wet-Ink

Identification Method

State specific multi-factor requirements, which includes knowledge-based authentication (KBA), automated authentication of government-issued photo ID, and/or visual inspection of ID through video technology.

Presence at Closing

Remote

eNote Capability

No

 

General Benefits of eClosings


Enhance Customer Experience


Reduce Cost, Risk and Time to Close


Standardize Closings


Improve Accuracy and Efficiency


Close with Confidence


Expedite
Funding

General Benefits of eClosings

Want to Know More About eClosings?

Read section 201 - Understanding eClosing as a Process.

eClosing 201

Interested in our eClosing platform?

To contact us, please select the appropriate form below.

 
 
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