Signature Closers, Nexsys Technologies Partner for E-closings
June 27, 2019
Signature Closers LLC has partnered with Nexsys Technologies LLC to create a digital mortgage closing platform.
Nexsys' Clear Sign digital signing product will integrate with Signature Closers' SYNC platform to provide software solutions for all types of digital closings. In a digital closing—also known as an e-closing—some or all of the documents are signed and submitted digitally.
"We're thrilled to announce our partnership with Nexsys as we work to continue to evolve to serve our title company and lender clients across the country," said Mark Fleming Jr., president and founder of Signature Closers. "By combining our process and the most robust ResWare™ integration in our space with the power of Clear Sign by Nexsys, we'll be able to offer a streamlined, integrated process for all signings, from traditional to remote online eClosings and everything in between."
Depending upon state legislation, notaries and homebuyers can participate in a hybrid e-closing (which still incorporates some pen-on-paper signatures), an in-person e-closing (where documents are e-signed) or a remote online notary (RON) closing (the homebuyer and notary are in two different locations, but they complete the closing online with an audio/visual connection).
"Clear Sign is a natural fit for Signature Closers, who needed a platform which works with all types of eClosings and seamlessly integrates with their software," said Nick Rogiero, director of operations for Nexsys Technologies. "Together, we'll expand the use of eClosing technology, making mortgage closings easier and more efficient for the homebuyers, notaries and lenders. It's an all-around win."
Hybrid e-closings can be performed in all 50 states. As of May 2019, approximately half of them allow for in-person e-closings. RON closings are currently legal in seven states; 26 others have pending legislation.
Contact ALTA at 202-296-3671 or [email protected].