Product Minute: Remote Online Notarization (RON) with Blend

Welcome back to Product Minute—our biweekly series spotlighting new product capabilities and use cases that drive customer value.

This week, we’re highlighting one of the most impactful tools transforming the closing experience: Remote Online Notarization (RON). RON closings allow borrowers and notaries to complete notarizations securely over video—no in-person meeting required—fully embedded within the Blend closing experience.

Applicable Products:  RON closings can be used with Home Lending, Home Equity, Rapid Refinance

The Challenge:

Traditional notarization requires in-person meetings, adding time, cost, and inconvenience to real estate transactions. This can lead to delays in closing, increased operational overhead for lenders, and a less-than-ideal experience for borrowers.

The Solution:

Remote Online Notarization (RON) enables documents to be notarized electronically, with the signer and notary appearing before each other via secure video conference. This streamlines the closing process, offering:

• Increased Efficiency: Faster closing times and reduced paperwork.

• Enhanced Convenience: Borrowers can close from anywhere, anytime.

• Improved Security: Digital records and identity verification enhance security.

• Reduced Costs: Lower travel and document handling expenses.

Blend's Value in RON:

Blend is at the forefront of driving RON adoption in the mortgage industry. Blend's platform provides a seamless, integrated RON experience with:

• High Adoption Rates: Blend has achieved high RON adoption rates, greater than 40% with a number of top 20 lenders.

• Seamless Integration: Blend integrates RON capabilities directly into the digital closing workflow.

• Comprehensive Platform: Blend's platform supports the entire digital mortgage process, from application to close, including RON.

• Enhanced Security: Blend's platform employs robust security measures to ensure compliance and prevent fraud.

• Streamlined Workflow: Blend simplifies the RON process for lenders, settlement agents, and borrowers.
  
  

Why It Matters:

Lenders using Blend's platform to facilitate RON are experiencing:

• Faster closing cycles

• Reduced costs

• Improved borrower satisfaction

• Increased operational efficiency

• Greater competitive advantage

• Capital Markets Efficiencies 

Blend is helping to accelerate the shift to digital closings, with RON playing a key role in transforming the real estate transaction process.

Want to learn more? Reach out to your Customer Success Manager or schedule time with our team.

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