Updating Your Closing Practices Can be Confusing, but CATIC is Here to Help
The outbreak of COVID-19 has caused many title insurance professionals to adopt new processes and procedures for conducting a closing, often using more electronic and remote means.
CATIC understands that modifying your business practices can be difficult. Such changes are made even more challenging by all of the new lingo that is popping up to describe these new remote capabilities. Do you know the difference between a
traditional closing and
IPEN, or what qualifies as a
remote ink notarization versus a
remote online notarization?
To help you navigate these different closing processes, CATIC has created a
concise closing chart to allow you to determine what type of closing you can conduct in your state. CATIC has also produced a useful
flowchart to help you figure out what type of closing you are conducting based on the processes you use.
You can also visit CATIC’s
eClosing webpage to learn more about electronic closing processes generally.
Should you have any questions about these different closing processes and what options may be available for your business, please contact CATIC’s
eClosing Task Force at
[email protected].
