Title Agents

Technology Walkthrough

As eClosings transform the closing process in real estate transactions, Stewart has stayed on top of new developments to make the closing experience the best it can be.

The following is a brief description of the types of closings available today* as they move from traditional pen-and-paper to fully online.

*Not all types are available in all markets.

Level 1: Traditional Closing

All documents are "wet signed" on paper, with the signers, notary and witnesses all in the same room. 

For traditional closings, you don't need any new tech, but there are plenty of tools available from and through Stewart to help your business thrive. 

For more information about the tools and technology available to Stewart Trusted Providers, contact your Agency Services Manager today.

Level 2: Hybrid eClosing

All parties appear in person all in the same room to eSign and eNotarize some documents and "wet sign" others.**

To determine if Stewart will insure a policy for a hybrid eClosing in your state, use the chart below:

You'll need to have your customers sign the following forms:

In order to perform a hybrid eClosing, you'll need to work with an online collaboration platform vendor. Learn more about Stewart's vetted technology vendors.

Your office will need to be equipped with hardware compatible with eClosing requirements. Learn more about our technology recommendations.

 

Level 3: Full eClosing

All parties appear in person and sign all documents electronically in the same room as the eNotary. Documents are suitable for eRecording by county clerks and recorders.

To determine if Stewart will insure a policy for a full eClosing in your state, use the chart below:

You'll need to have your customers sign the following forms:

In order to perform a full eClosing, you'll need to work with an online collaboration platform vendor. Learn more about Stewart's vetted technology vendors.

Your office will need to be equipped with hardware compatible with eClosing requirements. Learn more about our technology recommendations.

Level 4: Online eClosing

In an online eClosing (remote online notarization) everything is eSigned and eNotarized using audio and video webcam technology. Documents are suitable for eRecording by county clerks and recorders.

To determine if Stewart will insure a policy for an online eClosing (remote online notarization) in your state, use the chart below:

You'll need to have your customers sign the following forms:

In order to perform an online eClosing, you'll need to work with an online collaboration platform vendor and a remote notarization platform. Learn more about Stewart's vetted technology vendors.

Your office will need to be equipped with hardware compatible with eClosing requirements. Learn more about our technology recommendations.

To watch a joint presentation from Stewart experts and one of our technology partners, Notarize, that walks you through the online eClosing process, play the recording below.

**eSignature consent and lender approval required.

Disclaimer: eClosing may not be available under your state’s laws and regulations. Contact your local Stewart underwriter before you proceed to issue a policy of title insurance for specific state underwriting guidelines and requirements for eClose real estate transactions. Stewart makes no express or implied warranties with regard to and shall have no liability for any errors or omissions or for the results of the use of such material. Do not assume this information is error-free. It is not intended to direct your closing practices or change the provisions of Stewart’s underwriting agreements. This is for informational/instructional purposes only and does not constitute the giving of legal advice or establish an attorney-client relationship.

164