Notarize and Title365 Join Forces to Offer Online Closing Solutions
Today, Notarize is proud to announce a new partnership with Title365®, a Xome Company®, that extends its online closing platform to new closing agents nationwide. The companies will partner on hybrid and fully digital residential real estate closings, empowering Title365 to grow its digital mortgage experience for signers in multiple states in lockstep with the changing market.
“We are thrilled to announce this partnership with Title365,” said Pat Kinsel, Founder and CEO of Notarize. “Title365 has a reputation as a tech-forward title company committed to industry-leading business practices and providing a world-class customer experience. We’re excited to work with them to help buyers and sellers complete their closings on their terms.”
Through the collaboration, Title365 will maximize operational efficiencies by collecting, organizing, and retaining key mortgage documents through the Notarize Platform. The more digitized workflow will shave weeks off the mortgage fulfillment process and bolster the Title365 customer experience by allowing their signers to close online through a secure video meeting.
“As the industry evolves and demand for more efficient and secure solutions remains a high priority, our partnership with Notarize is a natural fit to help us deliver a seamless experience for our customers,” said Mike Rawls, CEO of Xome, the parent company of Title365. “We’re excited to be able to offer clients yet another quick and efficient closing option. At Xome, we’re focused on creating seamless solutions that cover the entire real estate lifecycle from end to end, which reduce complexities and improve the real estate transaction experience for our clients.”
The partnership comes at a time when remote, on-demand solutions are in high demand. A record 31,238 electronic promissory notes (eNotes) were registered to the MERS® eRegistry in May, and registered eNotes more than tripled from Q1 2019 (19,213) to Q1 2020 (59,030).
As eNotes continue to gain favor in the secondary market, Notarize expects to facilitate an additional $100 billion in real estate closings over the next 12 months.
Title365 is a national title insurance and settlement services provider, founded in 2009 on a commitment to deliver industry-changing solutions for faster turnaround of title, escrow and default services. Title365 is a division of Xome, a real estate services company providing integrated end to end solutions designed to solve the unique business challenges faced by mortgage servicers and lenders. Xome leverages data exchange capabilities and operational expertise across Title, Valuations, Auction and Field Services to provide intelligent recommendations throughout the entire real estate and loan lifecycle.