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Posts Tagged ‘settlement’

NotaryCam is Revolutionizing Online Notarizations Providing the Best in Protection and Convenience

May 2nd, 2014 No comments

Notaries have been around for centuries, providing professional witnessing and ID verification of signers. But with the explosion of global e-commerce and more faced with needing a notary to conduct business, travel abroad, sign crucial medical documents, etc., the need for quick and easy document notarizations has also increased significantly. NotaryCam, http://www.notarycam.com is meeting that need with the most sophisticated system available for getting documents notarized online.

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NotaryCam Provides Strongest Digital Evidence-Period!

November 20th, 2013 No comments

According to a recent article by Austin Kilgore, American Banker “Court rules that dictate procedures for admitting evidence should be updated to reflect the nature of contemporary digital recordkeeping, a pair of federal judges said ….Until these rules and procedures for admitting evidence are updated to better address electronic documents, it’s critical for institutions like banks and mortgage lenders and servicers to keep this challenge in mind when developing the technology and processes used to generate and manage records that may later need to be admitted in court.”

There are an estimated 500 million real estate/mortgage related notarizations performed in the US each year (with more than 2 billion signatures). At the end of the day, this commerce represents the highest value/highest liability transaction that any consumer will partake in and, we now know, that Industry fraud has taken down the entire US economy and almost the entire World with it. Robo signing must be halted immediately – NotaryCam’s patented digital signature and recordable online e-Notary/Closing solution provides the strongest authentication, safe guards and digital evidence available today and for the foreseeable future.

90 second video: https://www.notarycam.com/how-it-works/

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Settleware Partners with NCS for e-Signature of the 4506-T

September 24th, 2013 No comments

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FOR IMMEDIATE RELEASE

 

Settleware Partners with NCS for e-Signature of the 4506-T

NCS’ TRV® Services Fulfill Settleware Secure Services’ Mission to Provide

Full Electronic Execution of Mortgage Docs from Origination to Close


EGG HARBOR CITY, NJ | September 24, 2013 – NCS
(National Credit-reporting System, Inc.), a full-service consumer reporting agency specializing in income, identity, and credit intelligence, and Settleware Secure Services, Inc., a pioneer in the implementation of electronic signature technology, have announced a partnership to provide NCS’ best-in- class income verification services to Settleware’s clients and partners.

Settleware customers may now upload 4506-T forms direct to NCS for verification with the IRS through a dedicated TRV Services tab within the Settleware platform.

“We are excited about Settleware’s decision to provide TRV Services to their clients,” said Curtis R. Knuth, executive vice president of NCS. “Settleware is now uniquely positioned to offer a complete loan solution through its wide range of mortgage, real estate, and escrow settlement professionals.

According to Settleware President & CEO C. Richard Triola, “NCS is now a vital part of our network of industry experts and pioneers dedicated to creating a completely digital, paperless transaction. The 4506-T is one document that had held the industry back, but with the acceptance of electronically signed 4506-Ts by the IRS, and soon by the FHA, Settleware and NCS now offer lenders, REALTORS, and their customers a loan process performed entirely online – from origination to closing.”

NCS has been providing IRS Income verification products to the mortgage industry for 20 years. In 1994, the New Jersey-based company was the first IRS IVES (Income Verification Express Service) vendor to offer TRV Services nationwide.

For more than a decade, Newport Beach, CA-based Settleware has been a leader in bringing electronic signing capabilities to the mortgage and real estate industries, focusing on the need to complete the entire real estate and mortgage transaction over the Internet – at anytime from anywhere. Based on patented secured technology, Settleware’s real-time signing solution fully automates contract execution – collapsing to minutes a cumbersome process that often takes days or weeks.

“We look forward to having NCS as our exclusive partner for 4506-T tax return verification,” said Triola. “Their history of product development, as well as customer service, is

something that drew us to the company.”

NCS’ TRV Services are unique in the marketplace, providing concise ability-to-repay insight with customizable reports based on data obtained through the IRS form 4506-T. NCS has an industry-leading IRS acceptance rate of 96% for the 4506-T forms it submits to the governmental agency on behalf its clients.

Two other products NCS offers in addition to the TRV Services are SSA CONFIRM, which validates Social Security numbers through the Social Security Administration, and the Record of Account, which combines the tax return transcript and the updated account transcript into a single report.

About NCS

National Credit-reporting System, Inc. (NCS), founded in 1978, is a full-service, consumer- reporting agency specializing in income, identity, and credit intelligence. NCS provides cutting-edge, superior quality, data-driven solutions that enable its clients to meet compliance requirements and minimize risk. In 1994, NCS became the nation’s first company to 4506-T solutions nationwide. Visit www.ncstrv.com or call 800-582-7066.

About Settleware Secure Services, Inc.

Settleware® has been a pioneering leader in the area of e-Signatures and e-notarizations to the Real Estate and Mortgage Industry since 1999. Its patented secure electronic signature solution has been certified by County Recorders, Secretaries of State, MERS e- Registry and Fannie Mae – providing the only end-to-end transaction in a pure compliant, electronic, and paperless environment. Cloud computing services reduce time frames and eliminate paper-based delays by enabling users of its technology to securely send, e-Sign, return, track, and e-Vault any contract and agreement requiring signatures or initials. If you would like to learn more about Settleware, visit www.settleware.com, call 888.632.3833, or email info@settleware.com.

PRESS CONTACT

Cristofer Gross

NCS Media Relations cgross@ncstrv.com (909) 337-0570

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Top 9 Notary Public Fraud Practices You Need To Know Now

May 6th, 2013 No comments

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According to a recent report issued by The Office of the Florida Attorney General, the deceptive and fraudulent practices around foreclosures and robo-signing, especially the licensed Notary Public were – let’s just say – unbelievable. We scoured the report and here are the top failures around the notarization signing process:

FULL FREE REPORT

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Why Most Innovation Fails

February 13th, 2013 No comments

Why most innovation fails-there is a better way but I just didn’t know about it!

I was speaking to a friend about NotaryCam, our remote long distance e-Notarizations, when the thought struck me – what does it really take to get disruptive and game changing technology into the mainstream? Let me take a step back and share some thoughts/lessons learned over the past decade.

By now you must have heard about the ‘electronic signature revolution’ and that paper on pen is gone? Truth be told, although the average consumer may have some awareness, most do not know of the many  practical applications available that could actually change their lives each and every day. Despite all the chest pounding and vaporware you see/read every day, according to experts, “global adoption today sits at 1% but going to 50% over next couple of years”. For those that haven’t followed as close as we have you might be very surprised to learn that the US E-Sign Act is coming up on its 13th anniversary, enacted on June 30, 2000, affording e-Signatures legal equivalence to wet-signed originals.

So a somewhat savvy consumer might ask “Hey, I e-Sign my name every time I make a purchase at the grocery store and Home Depot so why am I still receiving documents requesting my ‘wet-signature’ – via email, fax, couriers, snail mail or FedEx”? Reality is you probably did not know that you could have saved a ton of money and time if your service provider would have advised you of the readily available alternative and ‘convenient’ options.

In general, we all believe that ‘only’ the consumer will decide the value of any new innovation but unfortunately, there are many other partners that stand between the innovator and the end-user consumer– in the real estate/mortgage industry that would include lenders, title companies, escrow settlement agents, county recorders, secretaries of state, secondary investors, and the many disparate standard setting groups. So when a borrower/buyer gets a call at the 11th hour that the “loan docs are in-drop everything we only have an hour to get these signed” – you now understand why they didn’t hear ‘by the way, you have an option to legally sign and notarize these documents over the Internet in 5 minutes in your pajamas’? Nothing more than eco–system friction, hence, 1%  global adoption!

Another real world example (and quite frankly what prompted this post), we received a call the other day from an attorney that was in a dilemma and how to get documents for signature to his clients traveling overseas – he received a FedEx quote for more than $125 with a two week turnaround..his decision was a no-brainer, correct? Wrong, he wasn’t comfortable with change and since his client was paying the costs anyway…..I’m certain the client end-user never received the option that they could have executed these agreements on their smart phone or computer in less than 5 minutes at more than a 95% savings.

There is a ‘Better Way’- if only the benefactor knew about it!

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