What We’re Doing to Improve the Industry.
We are working to digitize the closing process entirely. With systems in place, we have plans to allow us to continue settlements should a recording office shut down for a time. Importantly, our buyers will have title insurance protection during that gap period.
Our Commitment
At Paragon Title, we are dedicated to providing a settlement experience that is informative, safe, and efficient. The rapidly changing circumstances surrounding coronavirus highlight the importance of establishing a Settlement procedure that is able to adapt to the pressures that our buyers, sellers, and agents feel. Paragon Title is steadfast in our commitment to improving the Settlement process for all.
Our Push for E-Closings
Considering the antiquated paper notary system of yesterday and the additional challenges imposed by coronavirus, the title industry’s growing use of e-signatures and e-notaries is an important and yet common-sense solution. However, before e-closings can truly become the norm, we must also have buy-in from the lenders.
Historically, e-signatures and e-notaries have not been accepted by lenders in our jurisdictions. We are hopeful to see sweeping changes in that policy, but that has not happened yet. Buyer’s should contact their loan officer before considering e-signing the Deed of Trust a viable option.