The companies want to make refinancing more efficient and affordable
Notarize and States Title have partnered to enable borrowers to close a mortgage, as well as sign and notarize documents, online.
With the partnership, Notarize will power States Title's digital closing, enabling customers to refinance their home without having to go to the bank.
"Since that day, there was a new potential in the air, a different vision of a hassle-free mortgage experience for the benefit of everyone involved," said Pat Kinsel, founder and CEO of Notarize. "You could be anywhere in the world and use your phone or computer to close on your new home. Meanwhile, lenders, realtors, attorneys, and notaries could be at their offices, comfortably closing multiple transactions in the time it would take to travel to one in-person closing. It’s truly taken a village, but now the future we’ve always dreamed of is here."
States Title works with lenders and refinancing firms across the US. In 2019, States Title's predictive underwriting service insured approximately $1.3 billion of real estate transactions.
“The process seemed strangely antiquated, based on an outdated model that required numerous, unnecessary steps," said States Title founder and CEO Max Simkoff. "Managers overseeing teams of people who manually entered the same information into multiple computer programs in order to double-check data that had already been processed multiple times.”
