Notarize has closed more than $1 billion in real estate transactions through its remote online notarization platform, the company announced.
The company said it took 18 months for it to reach the billion mark, and it anticipates closing its second billion within the next four weeks.
“Today, it’s incredible to announce that we’ve helped people buy and sell more than $1 billion of real estate online, saving tens of thousands of hours for our partners and their clients and getting thousands of people into their homes faster,” Notarize founder and CEO Pat Kinsel said in a press release. “What was once science fiction is now occurring around the clock on the Notarize platform. The era of the online closing is officially upon us.”
Redfin CEO Glenn Kelman said consumers buying and selling homes love the convenience of remote online notarization.
“We’ve hosted closings across three continents via mobile phones because of this technology,” Kelman said. “Notarize is taking a step towards making real estate markets more liquid, so it's easier for people to move to better neighborhoods, better job prospects, and a better life.”