Venture arm of NAR among backers
The company behind the Notarize for Mortgage online closing platform has raised $20 million to fund its enterprise and real estate solutions.
Online notary firm Notarize has received financial backing from several investors including the venture arm of the National Association of Realtors and a subsidiary of Realogy Holdings Corp.
The firm was the first to develop technology to connect all parties — lenders, borrowers, title agents, notaries, GSEs and real estate agents — and greatly reduced the amount of time, paper and human inaccuracy typically involved in transactions.
“We have hit significant milestones in our first two years in market, including the introduction of our API and Enterprise products, as well as the country’s first platform to bring real estate closings online, Notarize for Mortgage,” said Pat Kinsel, founder and CEO of Notarize.
The new funding will enable it to integrate its solutions with more lenders; currently its partners include United Wholesale Mortgage, more than 100 other lenders and title companies, plus around 3,000 other businesses.
“We are extremely encouraged by our partners and customers that have embraced digital notarization to transform their own operations, but know we have barely scratched the surface,” added Adam Pase, co-founder and COO of Notarize.
