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Five Ways You Can Save Time and Money on Your Closings

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Tuesday, May 16, 2023

The climate of the title & escrow world has many industry professionals searching for technology solutions and partners that can save them time and money. Here are five ways to save time and money on mobile notary, RON, IPEN, and hybrid closings:

  1. Consolidation
  2. Do you have different vendors for mobile notary, remote online notarization (RON), in-person electronic notarization (IPEN), and hybrid closings?

    Vetting technology vendors can be cumbersome, not to mention the training, accounting, and implementation processes associated with such a wide variety of partnerships.
    The Closing Exchange (TCX) is a one-stop shop for all closing types. As an approved vendor of the nation’s top underwriters, TCX can build a custom solution that fits your closing workflow for mobile notaries, RON, IPEN, or hybrid signings. TCX partners with several digital closing technologies to provide flexibility while complying with technology guidelines set by the industry’s largest institutions and state laws.

  3. Integration

    Do you and your team have to leave your native production environment to manage your closings? If your partner is integrated – does the integration provide enough sophistication to fit your workflow?

    The Closing Exchange’s CXChoice signing management SaaS platform integrates directly or through middleware with most title production platforms. With sophisticated integrations designed to fit your processes and to provide two-way communication and event-based notifications, TCX’s technology can be summed up in this quote by a title agent in Michigan:

    “(With) Other signing services we would have had to leave our platform to go to their website. Now with The Closing Exchange, we don’t have any need to go to the website and that’s what is important to us.”

  4. Go Digital

    Are you using all the technology available to help save you time and money on your signings? Would you like a partner that will help guide you through the digital closing (RON and IPEN) process and implementation?

    Digital signings like RON or IPEN save time and money in several ways:

    • Reduced error rate.
    • Decrease turn-around time.
    • Increased security.
    • Lower cost per transaction.
    • Reduction in materials consumed like paper, gasoline, and ink.

    The Closing Exchange can help build out your digital closing offerings in a way that fits your needs. TCX is consultative in its approach, knowing that each client they work with is in a unique stage of their journey toward digital closings.

  5. Let Technology Work for You

    Do you spend too much time completing tasks that could be automated?

    Scheduling appointments, tagging documents, quality control of signatures and stamps, and notary assignment: these are all things that The Closing Exchange can help you automate.
    The TCX Interactive Scheduler is a customer-facing tool that creates RON signing appointments at the customer’s convenience. They pick the date and time and are greeted by a vetted and trained RON notary for their signing appointment.

    CXIntelligence is TCX’s document tagging engine that uses A.I. machine learning combined with a feedback process to significantly reduce the time it takes to tag signature and stamp areas for digital closings.

    TCX also has tools that can QC signed documents. This significantly cuts down on the workload of post-closing departments.

    SigningChoice is TCX’s pure SaaS model that allows for self-manage signing and notary management through sophisticated technology, allowing the user to manage its fees.

  6. Scale Up and Scale Down

    Are you best prepared to save money as your volume ebbs and flows?

    It is no secret that the real estate market has its peaks and valleys. The Closing Exchange is with you every step of the way. When you are busy – shift that scheduling and post-close workload to TCX for fulfillment. When you are not as busy – utilize all of the SaaS tools included with your account to maximize savings and save time.


“A partnership with The Closing Exchange is one built to save you time and money while also providing a quality signing experience for your customers” says TCX CEO, Alan Frelix. “We want to create relationships with our clients that last through the ups and downs. We want to be able to create value for any title agent in any situation as a true partner.”


 

The Closing Exchange

The Closing Exchange (TCX) offers a full spectrum of signing services including mobile notary, Remote Online Notarizations (RON), IPEN, and hybrid closings. Our CXChoice™ platform integrates with most Title Production Software, making TCX your one-stop shop for nationwide signings. Our signing solutions are scalable, cost-effective, secure, and customized to fit your workflow. Strict notary vetting, enhanced digital tools including A.I. Document Tagging, and excellent customer service make TCX a true partner in signing.

Contact Info:
833-432-4321
[email protected]
https://www.theclosingexchange.com/

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