SOURCE: National Notary Association

November 13, 2006 06:00 ET

HomeSale Settlement Services to Achieve First Completely Electronic Closing in Pennsylvania

Lancaster-Based Title Insurance Company Sets Industry Standard Through First e-Closing With Simplifile and National Notary Association; Solution Ensures Security, Efficiency in Real Property Transactions

LANCASTER, PA -- (MARKET WIRE) -- November 13, 2006 -- HomeSale Settlement Services, in collaboration with Simplifile, the Lancaster County Recorder of Deeds and the National Notary Association (NNA), announced today that it will conduct the first completely electronic home sale closing in Pennsylvania on November 13, revolutionizing the way residential and commercial real estate transactions are conducted and recorded in the Commonwealth.

The completely paperless transaction incorporates the fundamental and protective components of notarization using the NNA-developed Electronic Notary Seal (ENS™) and National eNotary Registry™, which provide real-time authentication of a Notary's identity and credentials, greatly reducing the potential for fraudulent mortgage transactions. Electronic notarization improves the security and efficiency of real property transactions from the point of origination to recording, while reducing costs associated with examining and storing traditional paper-based documents.

"Electronic notarization delivers the highest level of security and speed to our customers from the point of origination to recording," said Mark Korman, Managing Director of Coldwell Banker HomeSale Services Group. "We are excited to be the first in Pennsylvania to put this groundbreaking e-commerce solution into practice for homebuyers."

"E-closings will allow HomeSale Settlement Services and its business partners to provide the highest level of customer service available by streamlining the process," added Brian Zulli, Esq., General Manager of HomeSale Settlement Services.

"By taking the lead to make the first electronic closing achievable in Pennsylvania, HomeSale Settlement Services is single-handedly transforming how real property is transacted in the Commonwealth," said Timothy S. Reiniger, Esq., NNA Executive Director. "Today's e-closing is a significant advancement for the national success of credential-based eNotarization."

"The new system developed provides maximum efficiency for the workflow management of mortgage transactions," said Mark Reynolds, Vice President of Product Development for Simplifile. "We are pleased with the progress of this state-of-the-art system for Pennsylvania's consumers."

In February, the NNA, in partnership with the Pennsylvania Department of State and four of the state's recorders of deeds, launched the nation's first statewide system for eNotarization. Since January 31, the Department of State has authorized approximately 200 qualified Pennsylvania Notaries Public to perform notarizations on electronic documents, which are then recorded digitally by participating Pennsylvania county recorders.

"Today's first-ever e-closing sets the standard for the title and real estate industry in Pennsylvania," said Steve McDonald, Lancaster County Recorder of Deeds. "HomeSale's successful transaction brings the real estate industry completely into the digital age."

About the National Notary Association

Founded in 1957, the National Notary Association (NNA) is committed to the professional development of Notaries throughout the United States by providing education, support and advocacy. The NNA educates lawmakers, businesses and state officials on best notarial practices, and leads efforts to make necessary changes in state and federal statutory framework.

About HomeSale Settlement Services

HomeSale Settlement Services provides comprehensive title insurance to the residential and commercial real estate industry in Pennsylvania. Ranked by REALTrends Magazine as the 10th largest in the nation among realty-affiliated title companies and ranked first by Central Penn Business Journal in the number of closed units in the area they service, HomeSale Settlement Services is an industry leader in the state and in the nation.

About Simplifile

Simplifile provides innovative, simple and secure electronic recording services via the mortgage industry's most comprehensive eRecording network -- dramatically improving client service levels, accelerating document recordings, and significantly reducing overhead costs associated with traditional recordation methods. Simplifile develops and delivers eRecording services via the Internet for a wide variety of customers, including title companies, banks, attorneys, lien filers, and county and state government jurisdictions.

About the Lancaster County Recorder of Deeds

Steve McDonald is the Recorder of Deeds for Lancaster County. A nationally recognized authority on the application of technology in government offices, McDonald has helped lead efforts to standardize the recording industry and develop uniform laws relating to real estate recording. He currently serves as a board member of the Property Records Industry Association (PRIA) and is incoming President of the International Association of Clerks, Recorders, Election Officials and Treasurers (IACREOT).

Contact Information


    Brian Zulli, Esq.
    HomeSale Settlement Services
    (717) 293-9760

    Michael Pucci
    National Notary Association
    (818) 739-4024