NotaryCam
announced it has completed the Mortgage Industry Standard Maintenance Organization (MISMO) Remote Online Notarization (RON) Software Compliance Certification Program.
MISMO’s program was designed to increase adoption of RON-enabled digital mortgage closings and support the integrity and scalability of eMortgages. The certification provides clarity to mortgage industry participants regarding which providers comply with MISMO’s RON standards and reduces the resource burden of executing duplicative assessment, certification and approval processes of RON providers.
“Recognizing the need for industry-wide RON standards, NotaryCam has been a long-time MISMO supporter and collaborator in the development of the RON standards to promote consistency across mortgage industry practices and state regulations,” NotaryCam founder Rick Triola said in a release.
“As RON transactions become more commonplace in the mortgage industry, NotaryCam is proud to have earned its MISMO RON Software Compliance Certification, which serves as a signal to all industry participants that they can confidently rely on the NotaryCam platform to securely and compliantly execute mortgage closings remotely,” he said.
NotaryCam said its eClose 360 platform provides continuous, synchronous audio and video feeds that contribute not only to a smooth closing process, but also to the required credential analysis and authentication procedures.
Documents notarized by NotaryCam include a statement meeting the needs of both federal and state regulations affirming the use of RON technology.