Qualia has launched a remote online notarization (RON) solution to enable entirely digital, contactless home closings, the company announced during its Future of Real Estate Summit Summer Session.
Qualia said the launch of Qualia RON makes it the first title and escrow software platform with remote online notarization capabilities built directly into its end-to-end cloud-based software platform.
The company said the solution will help ensure the millions of real estate purchases and refinances that happen each year can continue to take place in a secure, digital way during the COVID-19 pandemic and beyond.
“The pandemic has accelerated the need for a contactless, digital homebuying experience, turning what was once viewed as a luxury into a necessity,” Qualia co-founder and CEO Nate Baker said in a release. “I am proud of our team for devoting the last few months to developing Qualia RON and bringing to market a well-thought out, easy-to-use product to support our real estate ecosystem toward more seamless, digital real estate closings.”
Qualia’s RON will enable title companies to leverage Qualia’s existing secure document sharing and eSigning features in its client communications portal, Qualia Connect, the company said.
“With advances in remote online notarization technology and RON permissible in many states across the country, we finally have the capability to make a fully digital, secure and cost-efficient home closing possible,” Baker said. “The launch of Qualia RON marks an important turning point for the industry as we move away from the in-person notary model toward a fully digital, contactless closing experience.”
Qualia said the solution is the first RON solution built specifically to fully integrate with a title and escrow system of record, eliminating the need for a separate RON point solution.
“Qualia RON is the most impactful change I have seen in my career and ensures we’re empowered to deliver the home closing experience our clients want and need,” Virginia Title Solutions CEO Lisa Nichols said in the release. “Remote online notarization will result in significant time and cost savings, and it will increase revenue potential for agents like us by helping us expand territories. Most importantly, RON will mitigate current health and safety concerns for both closers and consumers by reducing potential for the spread of COVID-19. Our team at Virginia Title Solutions could not be more proud and excited to align with Qualia.”