RON exists for speed and cost efficiency for the lender and title company. Closing expenses (notary fees, paper, printing, delivery) go right off the board. In the case of notary fees they are half what they pay now. The notaries like it since they have no expenses as well other than electronic seal, digital cert and other setup charges. The biggest expenses: auto, paper and printing are gone. I have not pursued GNW for two reasons. The platforms take most of the notary fee. If you control the order the best you can get is about 40% of the fee. The other reason is that my most popular GNW documents can not be done in my state through RON. That eliminates any POAs, trusts and medical directives. My worry for the future is that title companies will be using it more but closing most of the deals themselves. |