Looking Ahead: Digital Closings
- While 80% of consumers would still prefer to close in person, 70% of consumers would like a more updated digital process when it comes to closing on a home. * Solidifi
Below is a snap shot of states that have Remote Online Notary legislation (as of October 2019)
For more information on digital closings and remote online notarization visit: ALTA Digital Closings.
Alliance Title & Escrow Corp. will keep you informed as more updates become available.
I think veteran buyer would love electronic signing while first time homebuyers may be nervous to sign electronically without any explanation of what exactly they are signing. I go to a lot of closing and the first time homebuyer needs their hand held a little bit. So I think there should be a choice as to how they can close.
We think so too, Catherine! The more choices, the better.