In-person electronic notarization (IPEN) is a technology-driven process that enables a notary public to witness and verify the signing of electronic documents using audio-visual technology. Essentially, it is a method that allows for the notarization of electronic documents without the need for in-person interactions between the signer and the notary.
IPEN has become increasingly popular over the years, as more and more states have passed legislation allowing for remote notarization. The technology provides greater convenience and flexibility to clients as they can complete the notarization process from any location with an internet connection.
How can IPEN speed up business?
The use of IPEN has the potential to speed up business operations by reducing the amount of time required for the notarization process. Traditionally, your business might waste time digitizing a document that could’ve been signed as quickly as leaving a tip on an iPad cash register at your favorite local deli shop
By leveraging IPEN technology, the notary and the signer can keep the comfort of face to face interaction, yet still maintain industry grade authentication. This is particularly relevant in the context of the mortgage industry where the closing process for a mortgage loan involves multiple parties physically gathering in one location to sign and notarize an impressively large number of documents. IPEN allows for this to all be done on one tablet, making it possible for borrowers to complete the process while greatly reducing the filing time and expenses associated with the loan closing process.
How can IPEN save money?
IPEN has the potential to save businesses money by eliminating the costs associated with digitizing their documents and filing. The traditional notarization process requires a notary public to be gather print and pre-tag all individual documents which requires a great deal of coordination and repetition.
The use of IPEN technology eliminates the need for copying and scanning documents into a computer after a signing, as the meeting is recorded, you get an extra level of protection when it comes to any sort of a review. This can help businesses save on processing costs and coordination expenses. Furthermore, as the process can be completed and done all digitally, there is less need for administrative support staff to spend time digitizing it themselves, which can also result in cost savings.
Why is it better than paper?
The use of IPEN is better than paper for several reasons. Firstly, it is a more efficient and secure way of notarizing documents, as it eliminates the need for physical paper, printing, or scanning. Secondly, it is more environmentally friendly, as it reduces the need for physical paper and ink.
Furthermore, IPEN is a more secure method of notarization, as it provides a digital trail of the notarization process. The use of encryption and multi-factor authentication also ensures that the process is secure and tamper-proof.
Finally, IPEN is more convenient for clients, as it eliminates the need to keep track of all the documents. They can easily download them after the fact. Clients can complete the notarization process using devices they’re already familiar with like an iPad or Surface Pro. This results in a better overall experience for clients and can help build trust and loyalty.
What is the best platform for IPEN?
There are several platforms available for IPEN, each with its own set of features and benefits. For the purposes of this article, we will focus on BlueNotary, one of the leading platforms for Remote Online Notarization that has recently dipped its toes into the IPEN world.
BlueNotary IPEN is a web-based platform that enables remote notarization using audio-visual technology. That means no need for special apps or devices. It is a notary-friendly platform that that has already established itself with strong infrastructure due to it’s role in the Notary community. RON allows for people to complete a notarization process from any location with an internet connection, and BlueNotary helps lead that charge.
One of the key benefits of BlueNotary is its secure and tamper-proof technology. The platform uses encryption and multi-factor authentication to ensure that the notarization process is secure and compliant with industry standards as well as permanently recorded.
Another benefit of using BlueNotary is the leading technology and flows to get you and your signers in, out, and on your way the fastest. Because Notarization is the BlueNotary flagship, you can be sure that you’re getting the experts in the space when it comes to all things IPEN and RON.