On today’s show, we’ve got Rick Triola of NotaryCam. We’re going to be talking about remote online notarization and remote online closing, with Rick bringing our listeners up to speed on the latest legislative updates and Treasury department recommendations on eNotarization — and what they mean for the mortgage industry.
Rick Triola, Founder and CEO, NotaryCam
Rick Triola began his career in real estate, mortgage and technology as an Oppenheimer investment banker more than 35 years ago. After spending several years in commercial real estate, Rick helped lead one of California’s largest independent escrow companies. He founded eSigning solutions provider Settleware in 1999 and NotaryCam, the pioneering leader in on-demand notarization and mortgage closing solutions, in 2014. NotaryCam is the first venture-backed, on-demand notary service in the world.
The company has facilitated more than 100,000 legally-binding online notarizations in all 50 US states and more than 70 countries. Triola leads NotaryCam as it works with its partners to facilitate 100% online mortgage closings through its patented eClose360 platform. NotaryCam is endorsed by the National Association of Realtors® (NAR), the National Notary Association (NNA), the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Its network of trained and certified eNotaries is the largest and highest-paid in the world.
The first half of the program will start with a TMSpotlight Soundbite from Les Parker, a macroeconomic perspective on the economy with a music parody. Then we’ll feature Joe Farr providing you a rate & market update, Alice Alvey of Union Home Mortgage providing a regulatory & legislative update followed by Allen Pollack giving us a Tech Report of the latest technology impacting our industry. Then we wrap up the first half the program with Andy Schell, a/k/a “Profit Doctor” sharing ideas on how to improve your bottom line.
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Resources mentioned in this Episode:
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Topics Covered in the Episode:
Listen: The Treasury’s recommendation to permit online notarization…
Listen: The difference between eNotarization and Remote Online Notarizations…
Listen: Is there a risk with Remote Online Notarization…
Listen: The States taking action on the Treasury announcement…
Listen: The process to implement Remote Online Notarization…
Listen: How the secondary markets view Remote Online Notarization…
Listen: Competitive advantage…
Listen: Example of a recent Remote Online Notarization…
Listen: Texas is the largest state to adopt Remote Online Notarizations…
Listen: I think you’ll see 2019 as the year of adoption…
Listen: Seeing a demo process…