It is instructive to think about how – through the years – companies acquired innovative technology while failing to change the processes surrounding it to take full advantage of its capabilities. This occurred with the advent of the first steam powered car, which was a horse carriage with an engine attached to it. Or factories […]
Homebuilders are unique when it comes to approaching the closings on their properties. Fundamentally it is because they have more to lose if the deal goes south than a typical home seller, especially in an era of thinner margins and longer days on the market. To hedge their bets, homebuilders are increasingly choosing remote online […]
Remote online notarization (RON) has been getting a lot of traction since COVID became the impetus to push RON legislation forward across the country. The industry segment that has been the biggest beneficiary has been the homebuilders, who often find themselves dealing with homebuyers trying to close on their new home from a remote location. […]
Refinance transactions have been largely non-existent for the past few years, as homeowners content with their low-interest rate loans have sat on the sidelines, financing their kid’s college tuition, home improvements and emergency needs through other channels or simply delaying until interest rates improve. In recent weeks, the industry saw an increase in refi activity, […]
The marketing mistake most title agents make is crafting their messaging around telling the client how expert the agency staff is or by describing the range of services offered. The more effective approach flips that script and communicates a value proposition for the service they are offering, which is to say, telling real estate agents […]
The passage of legislation to permit remote online notarization (RON) was jogging along slowly until COVID shut down personal contact in 2020, leading to a sudden raft of legislation in states across the country, bringing the current total to 45 plus the District of Columbia. Although real estate is primarily a local process, 46 different […]
Since the Great Recession, federal and state regulators have placed enhanced obligations on title agents to properly vet their third-party service providers. These requirements are particularly important when it comes to remote online notarization (RON) notaries, who themselves work under a more complex set of rules due to the strict regulatory code governing RON transactions. […]
At NTS, we've always believed that staying ahead of industry trends isn't just about adapting—it's about leading the conversation. Over the past few months, we've been weighing in on the topics affecting real estate agents, brokers, mortgage lenders and title professionals across the industry. The Inside Scoop on RON Partnerships We recently launched an educational […]
Remote online notarization (RON) is here to stay. It’s also increasingly a selling point for title firms, whether they’re partnering with someone else to do it or using in-house capabilities. But not all RON transactions are created the same! A choppy RON closing could be your last with your client. To ensure the use of […]
