Notarize, a well-funded provider of mortgage-closing technology, has partnered with Title Resources to allow the title insurance underwriter to offer online closings to homebuyers and sellers.
The partnership broadens the fast-expanding reach of Notarize’s technology across the real estate industry, coming on the heels of a $20 million funding round that included participation by industry behemoths Realogy and Lennar.
“By reducing paper, time and human error, and allowing customers to close anytime, anywhere, on their terms, we are empowering our agents to deliver an exceptional customer experience,” Title Resources CEO Scott McCall said in a statement.
The partnership with Title Resources means closings through Notarize are now available across 38 states. Title Resources is a title insurance underwriter that serves independent title agents across 35 states and Washington, D.C., according to the company’s website.
Notarize’s real estate platform offers fully digital home purchase closings and online refinancing, in part by using video calls in which professional notaries will notarize documents.
Its technology lets Title Resources agents perform online closings for cash transactions; walk buyers and sellers through the closing process or let Notarize do so; authorize a client to execute a closing with a Notarize notary; and integrate with Title Resource’s other existing tools.
Notarize recently clinched an additional $20 million in funding from major industry players including Realogy, a franchisor and real estate brokerage holding company, and homebuilder Lennar.
Both companies will integrate Notarize’s services into their own real estate, relocation and homebuilding services, potentially bringing Notarize’s closing experience to thousands of homebuyers and sellers, as well as exposing the technology to many lenders and title companies.
Notarize has also received institutional backing from the National Association of Realtors, having graduated from the trade group’s startup accelerator, REach.
