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Feb 9, 2022
A full eClosing occurs when all closing documents are electronically signed and notarized online; including the eNote and security instrument. There are variations such as hybrid eClosings, where only certain parts of the lending process are brought online. Based on a recent study of Notarize customers conducted by MarketWise, implementing eClosings (whether hybrid or full) has shown the most impact on ROI for lenders — saving them time and improving loan quality and customer satisfaction.
Here are some key figures from the study that showcase the benefits of eClosings.
Click here to access the full study and find out how eClosing increases ROI for lenders.
To view the original blog post from Notarize, please click here.
Find out how much you can save switching from paper to hybrid or even fully digital closing using our eClosing ROI calculator.
The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.