ELECTRONIC signature pioneer Videosign has launched a new platform designed for notaries public and title agents in the US.
The company, based in Liverpool and Glasgow, has created Videosign Notary to offer a new way for American professionals to witness documents remotely.
In the US, notaries public are appointed to act as impartial witnesses to the signing of legal documents, while title agents are responsible for verifying and certifying property and land ownership.
Both professions are required to comply with ‘Remote Online Notarisation’ (RON) regulations when witnessing and signing documents online.
Videosign Chief Executive Steven Tallant said: “Videosign has been in use in the US for some time, and we created Videosign Notary to make remote online notarisation more accessible to individuals and more cost-effective for notaries public and title agents.
“Our service offers unprecedented levels of security and confidence for anyone using electronic signatures, and this new platform combines these features with a low monthly cost allowing the notaries more flexibility and control over how they meet their clients remotely, and how they bill for their work.”
The RON process allows notaries to notarise documents remotely in an efficient paperless process using electronic signatures alongside other security measures such as identity verification and video recordings.
Videosign Notary’s browser-based online meeting platform has the facility to record video and other evidence like IP addresses and timestamps during the remote notarisation process.
No complicated downloads or software installation are required, and users have access to unlimited signatures facial recognition security features at low cost.
The platform’s AI-powered facial recognition software compares an individual with their passport or driving licence photo to confirm their identity.
Tamper-proof electronic signatures can then be made, witnessed by everyone in the meeting and backed up with video and metadata evidence.
RON can be used for a wide-range of legal documents, including affidavits, property transactions and power of attorney.
Ridge Bartle of Florida-based Vision Land Service said: “Videosign completely streamlines the RON process in one simple to use tool.
“It’s allowed us to close on titles quickly, efficiently and fully remotely.”
The platform is flexible and customisable, offering notaries the option to create and upload their own digital certificates to seal documents.
Steven Tallant said: “Put simply, Videosign Notary offers the most secure digital rubber stamp available, offering all parties peace of mind.
“Meanwhile notaries have access to a platform offering market-leading features at low cost.”
Videosign Notary is available for use by notaries public at a monthly cost of $30 per licence.
There are no additional fees for completed notarisations, and the service is free of charge to end users.
Videosign launched in the UK in 2019 following the introduction of new rules allowing for remote signing and witnessing of contracts.
The company recently secured new investment of £1.15m Moonstone Group, which provides a portfolio of compliance, education and fintech solutions to the financial services market in South Africa.
Find out more at videosignnotary.com