Notarize and Tennessee Title Services Power First Online Closing in Tennessee
We're only three months into 2019, but this year has already been one of many firsts. Six states have passed remote online notarization legislation, and Minnesota completed its first online closing.
Today, not only are we excited to share that Tennessee Title Services has completed the first online closing in the Volunteer State, but that they’re committed to doing more than 50 over the next year.
Last summer, Tennessee Title Services completed a cash closing using Notarize, helping a Chicago buyer purchase a Nashville property facilitated by a Virginia notary. The process took minutes.
“We are solution-driven and strive to provide “ease of use” options for our clients. It’s our belief online closings will be a great resource for those busy individuals and families and for those who find it extremely efficient to close on their schedule,” said Josh Terry, partner at Tennessee Title Services. “It is certainly not a one size fits all, but we are seeing a progression towards this now and believe it will become widely popular over the next couple of years.”
Life happens outside of the 9-5 window of a traditional closing, and the businesses that can offer a tech-forward experience that favors consumers will win. After all, 99% of homebuyers are searching for their homes online, yet only 1% close the same way.
And just yesterday, we released new research discussing how online closings and digital mortgages will save the real estate industry more than $1 billion each year.
"We’re adding more than 100 title agents to our platform each month,” said Pat Kinsel, founder and CEO of Notarize. “It’s time we give homebuyers the tools they need for one of life’s most important moments. Josh and the team at Tennessee Title Services have been leading the charge on that, and are truly helping to transform the entire real estate experience.”