eSign Witness Made Easy

Esign witness

thank you for joining us here at clicking and serkan blog and today we have with us Rick triola the CEO and founder of settle where electronics fighting services thank you Rick but here driving thank you thank you well I want to hear what's the latest and greatest in the electronic spying in the world well things that are exciting and we've been added over a decade in words that we just recently announced where we reported offered a new authentication piece where we can actually take somebody's driver's license passport photo ID and i'll dedicate against originality whether that we can we can actually through a larger than looking at holograms whether or not that person's ID has been manipulating whatsoever in addition to that we have now on just launching a electronic notarization process but we can actually now motorized contracts and agreements video virtually through a video camera excited so basically an online process just as we're electronically signing documents on the web if I heard you correctly you're saying that we can now have the documents that are required to be notarized in a real estate transaction that can be done online yeah absolutely so it's basically could think of it as a signing station was it it's a place where people meet face-to-face or trunk hood through video ceremony okay I'm so who's the notary to the notary we have all notaries that that actually reside is a law that was just passed in the United States as a July first in the Commonwealth of Virginia that allows Virginia notaries to now notarize documents anywhere in the world doesn't matter where the signer is as long as that notary adheres to the laws of state of Virginia we can a motor or as those documents which allow allows us to remove that friction of notarizing for face-to-face physically in the state that you are actually on designer is actually residing okay so if I'm hearing you correctly what you're saying now to me this is a big deal because as I saw in property in Orange County and in the Huntington in Newport Beach people travel quite a bit so if I'm hearing you correctly I can have a seller here in Newport Beach who wants to sell their home and let's say they're in China on business and now we're coming to the point in escrow where yeah we've signed everything up until that point of trying to clear but now we've got the point where we have to notarize the grant deed and he's on China he's not coming home anytime soon but we need to get that done in the next 24 hours are you saying that your notary service through settle where the notary hits in Virginia can notarize my seller who happens to be in China and the buyer can be they could be here in Newport creature that they pick of the anywhere else in the world and they can all electronically and execute this document absolutely so the simple way to look at it is to take your notarization processes as this customer today and just imagine just putting it up over the impact nothing to take nothing's different which is changing a definition of a face-to-face meeting so you're a person that needs to be notarized that document needs to be no arises in china in Kiki be sitting right here in front of you so we just record that whole session audio and visual we store the file for evidence for five years and that's a newly binding contract we get all three parties in the room or we could have them spread across the country sure and you can even take it to another level just they had all your buyers and sellers and you're negotiating a contract right here or finalize it if you want to deploy electronically signature signing the documents you could do that if you want to negotiate a purchase and agreement price we have we go to the through lateral dedication piece so you're saying then that you could actually notarized and witness a vernal contract that you're using this Virginia no and yeah if the document needs a notarization if it requires still today it requires a notarization but we see at some point in the future where the notary could just be a witness right somebody some high-level document that doesn't necessarily need an authorization but you want to have a witness may be a little bit whatever it might be you want some independent third-party facilitated witnessing that ceremony as opposed to you and me notarizing a dark members for example right it's just your word against my word that this happened in this disra but if you have a camera roll in an audio-visual capture at the same time with the independent third-party facilitated witnessing this ceremony we think that's going to hold up in court a lot lot lot more readily annotations you say wow this is really exciting information now i got about cost you know what does something like this cost because this James Bond type technology sounds to me like it would be very cost prohibitive and I would imagine that maybe only the top half 470 upper crest we be able to afford a service like this actually is just the opposite if you think about it what what what course most when you will hire a mobile notary to go out to your person or fewer you have a person in China what is that person in China have to do to go close that deal it's got to go down to the embassy it's going to get there or here in a stage and with mobile notary come to your house I'm detective Beck 100 say on your lap so do you think you eliminate that friction orning so that notary doesn't have to get a car that buyer seller doesn't have to get on it so it's basically probably at least sixty seventy percent cheaper than that so less than a tank gas actually oh my goodness oh it's very it's actually no brainer that there's a no brainer and we see it as you know we're excited about that new legislation that allows us to happen and and it's a way it overcome that the friction of there are no national notary standards here in the United States the industry's 100 years over 200 years old no but every we have 50 different rules around motorization that's what this every state has their own little quirks and how you do things and now all of a sudden we were developing a national standard which we hope will become the global standard it as in most foreign countries don't even have motorization so so we we see there's a big opportunity to kind of finally put some arms around some national standards if you will and we believe this is the reasonable to be it well and how soon is this going to be available for so we're actually invaded right now we actually plan on going live next week so we're just about right on that day now so you have fantastic basically by october two thousand twelve this notary can services will be available and so where can we get more information about this right these ways just go to a website said aware com www cellular com settler SP TT le wa rd so aware com fantastic group thanks again Thank You problems appreciate it as usual we are appreciative that you joined us to hear clicking and certain blog make sure to circle back around and check out what new features we have Rick have a fantastic rest of the day you