Reply by Anonymous on 6/5/06 3:41am
Msg #124056
Well have you purchased your Enjoa yet? It seems that is a "Must Have" appliance.
Copied from the NNA public forum
Using the Safedocs System in combination with the NNA’s Enjoa, an electronic signing pad allows borrowers and the Notary to execute electronic loan documents following current notarial laws and traditional principles of notarization. The Notary can also affix an electronic notary seal and record the acts electronically. “This system is so easy to use for Notaries and borrowers alike,” stated Richard J. Hansberger, the National Notary Association’s E-Notarization Manager. “My primary concern,” Hansberger added, “has always been to provide Notaries with technologies that present few, if any hurdles and Safedocs has integrated Enjoa in such a way that trained Notaries will have no problem adapting to the process.”
The Safedocs System provides a secure portal allowing a Notary to access electronic loan documents. Because the system is Web-based, a borrower may appear before a Notary in the Notary’s place of business, or, as is becoming more and more common, a Notary Signing Agent may travel to the borrower’s home or place of business to perform the notarizations. “The Safedocs system has been designed with security and portability in mind,” Van Bibber pointed out. “The reality of the business is that many borrowers find the convenience of remote Notary Signing Agents beneficial,” Hansberger added. Safedocs provides a secure closing solution that will enable borrowers to digitally execute documents with biometric signatures and digital notary seals in traditional and remote settings. Van Bibber added, “The ability to digitally execute, notarize, record and securely transfer documents will provide considerable benefits to both the consumer and the lending industry. I’ve seen savings estimates totaling over a thousand dollars per file.”
After reading the documents, the borrower uses an electronic pen to sign the e-mortgage documents utilizing the Enjoa signature pad. The signature appears on the electronic document exactly as it would if the borrower were signing with pen and ink; however, forensic biometric information about the signature travels with the signed document.
To notarize, the Notary completes and signs an acknowledgment or other notarial form electronically. Additionally, the Notary electronically affixes a visual image of a notarial seal, and the Safedocs System™ then tamper-seals the electronic documents to prevent unauthorized changes.
The Safedocs and Enjoa solution will appeal to consumers because the electronic signing and notarization process mimics the way consumers have signed paper documents for centuries. The ease of use of the combined solution also makes adoption by trained Notaries very straightforward.
The Safedocs and Enjoa process complies with the model rules for e-notarization promulgated in the National Notary Association’s landmark Model Notary Act of 2002, which integrates for the first time traditional paper-based and electronic notarization.
Van Bibber and Hansberger agree that adoption is inevitable, and the only question is when. Van Bibber added, “Considering that today’s consumers are already digitally signing for commerce, the technology is in place and legal barriers are gone, we expect that in 2004 leading lenders will start implementing digital closing technology and consumers will start asking for digital closings because of the convenience and savings they provide.”
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Reply by Missy_Lulu on 6/5/06 11:21am
Msg #124088
I believe I read somewhere that the enjoa is not the only product and that was a question proposed to nna and their response was that the enjoa
I believe I read somewhere, a question presented to nna:
Do you have to buy enjoa to do e-notarization and the response was, no, enjoa is not the only e-notarization media on the market. Could be mistaken. Seemed like I also remember discussing a product called Digasign with someone.
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Reply by Lee/AR on 6/5/06 12:14pm
Msg #124095
First Enjoa is just an electronic journal being pushed hard by the NNA. I am now addressing e-notarization--which is NOT an electronic journal.
Don't think we'll have to worry about it for a long time. Consider the logistics of this: There are many different 'whatevers' out there. Until ONE is universally accepted, a lot of money is going to be spent on stuff that dies. I'm not going to go on & on... just think about 78 records, then 45s, then 8-track tapes, then cassettes, then CDs, then Ipod (and I don't know a thing about Ipod.) Every financially strapped county in the US (and that's probably 99.8% of 'em...yes... I made that number up) is not going to buy into this idea very quickly. Particularly since most counties already made a huge mistake when they first went to computers & bought into weird software that was incapable of 'growing as the needs grew' and then had to toss it out & start all over with---a universally accepted software program.
They've been bit once...I expect they'll be extremely cautious in the future.
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