Florida Agency Network Closes Full Digital Transaction in Sunshine State

March 13, 2018

Florida Agency Network announced the completion of a full digital real estate closing transaction in Florida. The closing was completed by Paramount Title, a member of the Florida Agency Network, on March 7 in the Century 21 Beggins’ Madeira Beach office. All closing documents were executed electronically. The electronic notarization of deeds and affidavits was performed by Notarize via an app interface utilizing a notary in the state of Virginia.

“This is a historic transaction not just for Paramount Title and the Florida Agency Network, but also for the state of Florida and the real estate and settlement industry,” said Aaron Davis, CEO of Florida Agency Network. “We have long dreamed of the day of having a truly paperless closing, including the documents requiring notarization. We literally prepared, closed and recorded an entire transaction digitally, without printing anything on paper. Our goal is to make this an option for all our clients. Not only does it streamline the process, but now reduces our industry’s impact on the environment. Paperless, digital closings offer many advantages versus the slower, traditional paper-based system. The paperless era has officially arrived!"

Paramount Title partnered with Notarize to get documents legally notarized online. Notarize’s propriety software system enables a completely paperless process via any mobile device.

“In keeping with the culture of Century 21 and our focus on technology and the consumer experience, it was exciting to be a part of history. Innovation is key to success in the real estate business,” said Craig Beggins, the Broker/Owner of Century 21 Beggins. “As an industry, we must develop a speedier and more efficient closing process. This was a strong step in the right direction, and we look forward to many more.”

Contact ALTA at 202-296-3671 or communications@alta.org.