52
Industry Updates
From mergers and acquisitions to cutting-edge
tech tools and solutions, here's the company news
the industry is talking about this month.
FIRST AMERICAN
TITLE EXPANDS
REMOTE ONLINE
NOTARIZATION
AVAILABILITY
First American Title Insurance Company
has announced expanded remote online
notarization (RON) availability for residential
real estate transactions via the company's
Direct and Agency division operations,
offering home buyers, sellers, and borrowers
greater flexibility, convenience, and the safety
of closing their home purchase or refinance
transactions remotely.
"Providing consumers with the much-
asked-for option to close their real estate
transactions remotely reflects our commitment
to leading the digital transformation of the
title and settlement industry," said Chris
Leavell, CEO of First American Title. "We've
seen a dramatic increase in the adoption of
RON across all our settlement operations
and are now initiating and closing more
than 1,000 RON transactions per month,
in addition to the growing number of RON
transactions lenders are initiating. is is
an emerging industry norm, and we expect
the overall volume of RON transactions to
increase further in the months ahead."
RON adoption has skyrocketed, with
Notarize seeing real estate volume growth
of 800% since 2019. Each month, RON
volume grows as demand increases for a more
convenient, cost-saving, and secure digital
experience. While the adoption of RON
is increasing across all types of real estate
transaction closing scenarios, including those
in which the lender initiates the use of RON
as an option. First American has seen the
greatest interest in RON in the seller-side of
residential transactions, which involve fewer
documents and do not include a promissory
note.
