Title and closing software provider SoftPro announced that it has released a new integration for online notarization through digital and remote online notarization provider Notarize on Thursday.
With this new integration, SoftPro users will now be able to place and manage both title and lender-initiated notary transactions through Notarize with the SoftPro 360 business exchange portal without having to leave the SoftPro platform, according to the press release. The SoftPro 360 platform is free to all SoftPro users, the company said.
Through Notarize, homebuyers and sellers completing their signings through SoftPro will now have access to notary services 24 hours a day, seven days a week from any device, the press release said.
“Consumers are clamoring for faster, better, paperless closings, and the seamless online notarization integration into SoftPro 360 gives SoftPro customers the easiest and most efficient way to decrease closing times and improve operational efficiencies,” Terri Davis, the general manager of real estate at Notarize, said in a statement.
It’s the latest splashy tech move for Notarize. In April, the company announced an integration with white-label software-as-a-service platform Paymints.io.
Title and closing firms use Paymints.io to collect earnest money as well as transfer and disburse funds for real estate transactions. The idea is that by integrating with Notarize, Paymints.io subscribers and their customers will be able to see if a transaction is eligible for a digital closing, including online notarization, from within the Paymints.io platform.
Are digital closings really worth it?
Many lenders are familiar with digital closings (eClosings), but they might not know just how valuable they can be to their business. A recent study found that digital closings shorten the time it takes to close, reduce errors and increase ROI — all while improving customer experience.
Presented by: Notarize
In addition, Notarize recently announced that it had hired Kartik Ramachandran as its first chief financial officer. Ramachandran joins the company after holding CFO and executive positions at companies including Splunk, Groupon, Activision Blizzard and Home, and will be responsible for guiding the company’s investments to further accelerate high-growth, innovative initiatives across the business.
The appointment follows Notarizes recent $130 million Series D fundraise led by Canapi Ventures and multiple years of triple-digit growth. Notarize has now raised $213.3 million through nine funding rounds since its founding in May 2015.
