A mortgage “closing” is a very exciting time because it’s the last step in the home-buying process and means you’re one step closer to moving into your new house. What isn’t so exciting, however, is the paperwork involved and having to get some of those documents notarized at closing.
In an effort to streamline this problem and get documents notarized quickly at closing, Lenda has teamed up with electronic notary service Notarize, to offer the first-ever completely digital mortgage experience from start to finish. Yup, that’s right, the days of shuffling papers to your local notary are over and you can safely and securely get your documents notarized online.
Merging digital mortgage with electronic notary, it just makes sense
This partnership with Notarize speaks to our mission of making the digital mortgage experience simple and streamlined for the customer. Lenda’s CEO Jason van den Brand describes the innovation as a way to “ultimately enhance the customer’s experience.” He goes on to say, “As a customer-centric company, we strive to reduce cost, create transparency and drive efficiency when getting a mortgage online. Customers expect to complete their applications online whenever they want and wherever they are, and with Notarize, we’re able to do that.”
What’s so great about an electronic notary?
Raise your hand if you like dealing with paperwork. Now raise your hand if you enjoy Googling where the nearest notary is, scheduling an appointment, throwing the kids in the car and fighting traffic to get that paperwork notarized. We’ll guess that your hand was not raised.
Having an electronic notary to handle this part of the process saves you a trip to the notary office, but more importantly, saves you time so you’re free to do something more creative, like picking out new furniture or paint color for your sweet new home.
What needs to get notarized?
Here are some of the common types of documents that require notarization.
- Deed of trust
- Subordination agreement
- Signature of affidavit
Keep in mind some of the documents can be signed and initialized without the notary’s seal, but the process varies depending on the state you reside in.
Currently, the digital mortgage partnership with Notarize is being rolled out in a number of ZIP codes in Washington state, but we’re working on rolling this out to more areas soon.
If you’re thinking about shopping for a home, get pre-qualified at Lenda. Pre-qualification gives you a better understanding of how much home you can afford.
We’d love to hear from you! What innovations would you like to see when getting a mortgage online or refinancing? Tweet us @Lenda.