Posted by jojo_MN on 3/11/05 9:02am
Msg #24914

Electronic Notarizations

Does anyone know if any companies are using electronic notarizations?

Reply by ColleenCA on 3/11/05 9:18am
Msg #24921

I'm glad you asked this question. I have been wondering about this myself. A realtor friend of mine said that he felt within a year or so that that would be

Reply by ColleenCA on 3/11/05 9:20am
Msg #24923

Re: Electronic Notarizations - oops

the main form of notarization of loan docs. Anyone else have any input?

Reply by Art_MD on 3/11/05 9:23am
Msg #24925

Re: Electronic Notarizations - oops

a couple of years ago there was a lot of hoopla over this subject. Then it died. It will take a long time before it becomes the norm. IMHO

Art

Reply by Nancy in Florida on 3/11/05 9:23am
Msg #24926

What exactly is electronic notarization and how would that effect loan signings? Frankly I have never heard of electronic notarizations. I'm going to Google it and find out some information. I will let you know what I find out.

Reply by Bobbi in CT on 3/11/05 9:47am
Msg #24935

Fulltimers - Are you using ENJOA regularly?

The National Notary Association sells and markets Enjoa, which is the NNA's platform for electronic notarizations. You can find a lot of information and pricing at www.nationalnotary.org.

I do not know of any lender in Connecticut that is using electronic loan documents, electronic signature, and electronic notarizations through Enjoa or any other platform. I haven't had any title company, lender, or large corporate company call me or notify me that I need to electronically notarize a document.

Maybe the full-timers can answer who is using this. I am also curious as what the lenders and title insurance companies pay for this service.

Reply by Melody on 3/11/05 11:11am
Msg #24954

This fulltimer doesn't use it

The only people I hear talking about eNotarizations are the ones at the NNA trying to sell us Enjoa equipment.

Our current paperwork is not standardized state wide.

In doing server eDocs, I rarely run into different lenders using the same software.

I can't imagine the states AND lenders getting together and agreeing on one standard and one software - everything compatible with one type of equipment (Enjoa).

Reply by Stephanie/CA on 3/11/05 2:51pm
Msg #25003

Re: This fulltimer doesn't use it

Melody:
ENJOA stands for: Electronic notary journal of Official Acts.

It IS NOT software - it is equipment to electronically record journal entries using a signing pad. ENJOA could be used at some point in the future to facilitate the signing of electronic notarizations, naturally each Company/Lender would use their own software; whereas, the Signing Agent would utilize equipment such as ENJOA to handle a signing.
I have seen ENJOA demonstrated at the last few NNA Conferences that I have attended, and although I can be a skeptical individual, I can only say that I was quite impressed.