ALTA Registry Adds RON Capability Indicator to Company Listings
June 9, 2020
The ALTA Title & Settlement Agent Registry (ALTA Registry) can now identify title and settlement companies that can perform Remote Online Notarization (RON) closings. This will help mortgage companies identify closing companies that offer this increasingly in-demand service, which allows homeowners to review, sign and notarize documents online to complete mortgage transactions.
“More and more mortgage closings are being conducted online, and companies that can offer a remote notary are playing a key role in the process,” said Diane Tomb, ALTA’s chief executive officer. “Remote notaries have become even more valuable in light of the need for social distancing created by the COVID-19 pandemic.”
The ALTA Registry gives mortgage lenders an extra layer of confirmation that they’re working with the correct title agent, settlement company or real estate attorney. Every title agent office location is identified by a unique ALTA ID, allowing quick verification. Each entry is also fully confirmed by title insurance underwriters. Using the ALTA Registry, mortgage lenders can increase accuracy, reduce production expenses, combat fraud and improve compliance.
Currently, more than 8,200 title agents, settlement companies and real estate attorneys appear in the registry. Closing companies that offer RON will be designated with a small graphic icon, making them easy to identify in the ALTA Registry, which is also fully searchable. The registry is offered to mortgage companies on a subscription basis.
Click here to update or create your ALTA Registry listing.
Contact ALTA at 202-296-3671 or [email protected].