When MISMO® (the Mortgage Industry Standards Organization) announced July 25th they’re updating their guidelines to include RON (Remote Online Notarization) standards, a cheer went up from the Nexsys team. A quiet cheer, mostly in our heads (because, hey, we’re workin’ here). But it still had the feel of a stadium roar.
The new MISMO standards include credential analysis, borrower identification, capturing and maintaining a recording of the notary process electronically, audio and video requirements, record storage and audit trails. All those ...READ MORE