eClosing in Kentucky
Remote Online Notarization (RON) was implemented in Kentucky January 1, 2020. Kentucky had passed the RON legislation that allows the state’s over 80,000 notaries to perform eSignature and eVerification over the internet via audio/video communication mediums in March, 2019.
RON is an important aspect of eClosing and with its implementation, Kentucky is now on the list of a growing number of states where mortgage closing and title transfer formalities can be performed remotely without any need for ‘wet-signed’ paperwork and physical presence of real estate buyers, sellers, and other parties involved in a property deal.
eClosings speed up property transactions in Kentucky or anywhere else for that matter by reducing paperwork and eliminating requirement for in-person appearance for signing a bunch of closing documents. Lenders benefit from incredibly faster turn times on the secondary markets, while real estate agents and brokers can expand their pool of clients and guarantee a hassle-free closing to them. Fannie Mae has termed eMortgage the future of mortgages for four main reasons:
- It saves time
- It saves money
- It empowers borrowers (enables them to review documents ahead of time)
- It reduces risk (tamper-evident documents; little changes of missed signatures)
eClosing.com offers lenders, real estate agents, lawyers, buyers and sellers remote online closing and title transfer service in Kentucky. eClosing is proud to be the first online title transfer platform in states such as Florida and one of the most trusted eClosing provider in Kentucky. Our experienced professionals help Kentucky lenders transition to digital closing systems for experiencing faster turn times on the secondary market and providing exceptional customer service to their borrowers. We also work directly with real estate professionals and property buyers and sellers and help them close from anywhere, any time in less than 15 minutes.
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eClosing at a Glance in Kentucky
Kentucky RON laws specify detailed guidelines – from creating an electronic database of notaries public to using tamper-evident technologies – for accepting electronic signatures and identity verification. In Kentucky:
Electronic Notary (e-Notarization):
Remote Online Notary (RON):
RON is all set to herald the digitalization of the mortgage and title transfer industry in Kentucky. Since Kentucky allows both electronic and remote online notarization, it is possible for lenders to offer their borrowers hybrid as well as fully remote mortgage closing. In a hybrid solution, most of the docs are eSigned but in the presence of the notary public. On the other hand, notary and the parties signing the docs don’t have to be present in the same room for RON.
If you are a Kentucky lender looking to digitalize mortgage closing, eClosing.com solutions can be seamlessly customized and integrated with your systems as per your needs. We can help you transition from paper closings to online closings and empower you to offer your borrowers hybrid as well as fully remote closings.
Ready to digitally close, reach out to one of our representatives today!
Buying or Selling a Home in Kentucky with eClosing
The Bluegrass State is best known for horse breeding, tobacco farms, fine bourbon, dense forests, and beautiful lakes among several other things. You will find housing relatively affordable and there is no dearth of outdoor activities for active individuals.
If you are planning to buy or sell a home anywhere in Kentucky, you should know that we can help you close even if you are not physically present. It means that you can buy or sell from anywhere in the United States.
Anywhere, anytime online closing and title transfer in Kentucky
Our eClosing professionals provide home buyers and sellers remote online closing service in all cities, towns and counties of Kentucky. Here are just a few of the places where you can get digital closing and title transfer services from us:
Even if a place is not listed above, rest assured that you can order for our service anywhere in Kentucky.
The Future of Closing Is Digital
Gain a competitive edge in the real estate market and deliver a seamless online experience for customers with our fast and secure online closing services today.
Book a no-cost, no-pressure discovery call with our eClosing specialists now to learn more!