MISMO announced that eNotaryLog and Notarize are the first two companies to complete its remote online notarization (RON) certification program.
MISMO’s RON certification provides assurance that products fulfill the requirements of the organization’s RON standards.
“Real estate transactions continue to close during the COVID-19 pandemic because of advancements in digital mortgage technology, including the increased adoption of remote online notarization as a safe and convenient option,” Mike Fratantoni, president of MISMO and the Mortgage Bankers Association’s chief economist, said in a release.
“MISMO congratulates eNotaryLog and Notarize for completing the RON certification program. Their commitment to expanding digital offerings to the industry are appreciated, especially as their products enable social distancing during the pandemic,” Fratantoni said. “MISMO encourages all product providers to expand the integrity and availability of eMortgages by obtaining their MISMO certification.”
MISMO said its RON certification program is designed to increase adoption of RON-enabled digital mortgage closings and support the integrity and scalability of eMortgages.
“eNotaryLog stresses the importance of using standards and industry best practices. We leverage the broader knowledge and expertise of the market to build our products and are excited to become a MISMO-certified RON platform,” eNotaryLog co-founder and Chief Technology Officer Joseph Bisaillon said. “It is important for the industry to have standards by which organizations can be assured that the products they are reviewing meet a minimum standard. MISMO continues to provide value to the ecosystem by building such standards and best practices for the community.”
“As RON legislation passes and use accelerates, it is imperative to set industry standards for remote, digital closings,” Notarize CEO Pat Kinsel said. “Notarize being certified by MISMO is an important milestone – it’s exciting to be on the frontlines as the mortgage industry leaps to adopt the digital processes it's so long desired. We thank MISMO for their leadership.”