From Inman News, “The first electronic notarization and electronic mortgage closing in California took place this month in Orange County, according to NotaryPro, the company that facilitated the transaction. Irvine, Calif.-based NotaryPro coordinated what it called “the first electronic home equity mortgage closing” in the state on Feb. 1, using DigaSign, a device that makes it possible to sign digitally at occasions such as real estate closings using a special inkless pen and what is known as a biometric pad.”

“”Utilizing the DigaSign platform allowed NotaryPro to complete the mortgage closing in one-third the time of a traditional paper closing with zero errors,” claimed NotaryPro’s Executive Vice President of Sales and Marketing, Kelly Fidel. Fidel claimed that by using DigaSign, her company was able to compress the mortgage signing process about four days, allowing the borrower to fund and record faster. Field claimed that this provided the lender with efficiencies and cost savings not available in a paper closing.”

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