The company becomes the first certified virtual notary services provider
eNotaryLog has announced that its remote online notary (RON) platform is now MISMO certified.
MISMO, the mortgage industry’s standards organization, released a set of RON regulations in September, allowing the residential mortgage industry to use audio-visual communication devices to notarize documents virtually. These best practices aim to promote consistency across mortgage banking industry practices and state regulations, according to MISMO.
Earlier in April, the organization launched a new software compliance certification program that employs a uniform method to assess the compliance of RON providers with the MISMO RON standards. The program is also designed to accelerate the adoption of RON-enabled digital mortgage closings and support the scalability of eMortgages.
"The MISMO RON Certification is the first industry compliance standard for remote online service providers. We fully support a transparent certification for remote online service providers to make it easier for partners and vendors to measure compliance," said Joseph Bisaillon, chief technology officer of eNotaryLog. "We are proud to be the first certified RON service provider to pave the way for a more streamlined acceptance of RON across the industry."
"We are proud to be a participating member of MISMO, which is setting standards in the mortgage banking industry," eNotaryLog CEO James Mitchell said. "RON is a developing technology that must meet industry and state laws. We support MISMO in the process of creating effective industry standards for all participants."
