Network Transaction Solutions (NTS), a multi-state provider of title support services including Remote Online Notary (RON) recently introduced its RON services in Texas. Since entering the market in April, 2022, NTS has completed nearly 1,000 RON closings there. NTS provides its RON offerings with the assistance of the technology of Notarize, a leading national online notarization provider.
“Customers want more streamlined, digital solutions, and we have significantly increased the number of RON transactions conducted by NTS in Texas in just a few months to meet those demands. The feedback is strong and demand is growing,” said Andrea Somers, Operations Manager for NTS. “We’re confident this is just the beginning, as the usage of online notarizations and eClosings by lenders and title agencies alike is only accelerating.”
Somers further noted that RON activity is not only spiking in Texas, but Florida as well, where NTS has delivered RON services since March, 2020. She observed that, in those two states combined, NTS has now facilitated nearly 10,000 RON closings.
Online notarization is an in-demand consumer experience, and it brings strong ROI to title agents and lenders alike. A recent MarketWise study found that lenders can save up to $444 per loan and title agents up to $100 per loan. MarketWise found that any form of eClosing produced positive ROI, as they can be closed faster, with fewer errors, and with more money saved than with in-person or legacy paper processes. This strong ROI is fueling the demand and adoption for online notarization.
NTS is part of the AMD Enterprises network, which is comprised of multiple, national title and settlement technology and service providers. In addition to RON services, the company provides title agents with outsourced, centralized title support services, including title plant search, mobile closings, document tagging, quality control services, HOA/COA processing, nationwide mobile signings, post-closing services and more.
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