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Notarize achieves SOC 2 compliance – delivering the most secure platform for life’s most important transactions

We believe life’s most sensitive and important transactions require the most secure platform.

That is why we are relentlessly focused on protecting our customer’s data. Whether documents include a Deed of Trust, Promissory Note, or Closing Disclosure, our mission is to make legal notarization more convenient, secure, and verifiable. To achieve this, we’ve built out a comprehensive information security program that incorporates leading practices into every aspect of our operations.

Today, we’re pleased to announce that we’ve completed our SOC 2 audit and have received our Type I attestation report from internationally-recognized accounting firm Kirkpatrick Price. This credential provides clear evidence that Notarize has a strong commitment to deliver high quality services for our clients by demonstrating we have the necessary internal controls and processes in place.

SOC 2 audits are completed based on the AICPA’s Trust Services Principles: security, availability, processing integrity, and confidentiality. With successful completion of a SOC 2 audit, we’ve shown that the design and operating effectiveness of our organizational controls meet the criteria for these principles.

We fundamentally believe that online notarization (and Notarize specifically) is infinitely better at identifying people (and proving it) than the in-person notarization approach that’s been relied upon for centuries.

The online approach enables us to perform multi-factor identity verification, record a live video of the signing session, and collect a comprehensive digital audit trail of the electronic signature process. Not only is this unparalleled convenience for the signer (anytime, anywhere) but it also enables authorized third parties to obtain independent confirmation of a transaction's validity.

Every document that’s executed on our platform has a digital signature (using Public Key Infrastructure in accordance with the X.509 standard) applied to ensure data security and document integrity. After a notarization is performed and the document is fully complete, it is easy for a third party to verify the notary’s identity and use the tamper-evident seal to confirm the document hasn’t been altered since it was signed.

Why Notarize is the most secure solution for the mortgage industry:

  • In today’s post-TRID environment, the need for strong information security compliance has never been more apparent. Mortgage industry participants are under tremendous pressure to ensure data privacy and enact tight operational controls.
  • We have a detailed document audit trail that shows exactly how each document is interacted with throughout its lifetime, so that Lenders and Title companies can easily meet the needs of external auditors who are increasingly looking for evidence of compliance.
  • By closing with Notarize, you can significantly reduce the amount of NPI-handling across the whole transaction. No more printing paper or FedEx.

But this new online approach to notarization only works if the data that’s collected is protected with proper care. Our SOC 2 milestone demonstrates that we’ve invested heavily in the people, process, and technology to make our security controls a reality. And we’ll continue to invest daily and remain ever vigilant.

See how Notarize works or schedule a demo here.

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About Kirkpatrick Price:

Kirkpatrick Price is a licensed CPA firm, PCI QSA, and a HITRUST CSF Assessor, registered with the PCAOB, providing assurance services to over 600 clients in more than 48 states, Canada, Asia, and Europe. The firm has over 11 years of experience in information security and compliance assurance by performing assessments, audits, and tests that strengthen information security and internal controls. KirkpatrickPrice most commonly provides advice on SOC 1, SOC 2, HIPAA, HITRUST CSF, PCI DSS,ISO 27001, FISMA, and CFPB frameworks.

You have notarization questions, we have notarization answers. While we at Notarize pride ourselves on providing helpful resources (like this blog!) to demystify notarization, we’re not lawyers and don’t give legal advice. Pro tip: always check with your own attorneys, advisors, or document recipients if you have further questions about notarization or digitally notarized docs.

RON vs. RIN: What's the Difference?

This article originally appeared in the August 2020 edition of Mortgage Banker Magazine, which can be found here.

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