Stavvy's Eligibility Engine for RON, IPEN, or eRecording

At Stavvy, we’re focused on supporting digital transformation in the mortgage and real estate industries.

There are already 40 states where remote online notarization is available for mortgage loans, with more to come. But since we are still in the early stages of this digital makeover, with individual states creating their unique laws, the landscape today is still a patchwork of regulations, requirements, and guidelines that differ based on personal property addresses.

What is the Stavvy Eligibility Engine? 

We created the Stavvy Eligibility Engine, a tool built into our platform that allows users to quickly and effortlessly determine whether a loan transaction is eligible for remote online notarization (RON), in-person electronic notarization (IPEN), and eRecording. The Stavvy Eligibility Engine automatically aggregates laws and emergency measures at the town, county, and state levels and immediately informs the user what type of digital transactions are available for each loan. From within the platform, the Stavvy Eligibility Engine presents the relevant options for every transaction, saving mortgage professionals valuable time by skipping the manual and time-consuming research process. The Eligibility Engine can be used for one loan or an entire portfolio, streamlining the process for consumers, lenders, title companies, and other stakeholders in the mortgage process.

The Stavvy Eligibility Engine is available through the Stavvy platform or via API connection as a real-time, customizable tool to check individual loans or assess an entire portfolio. It can be employed for loan origination, title and settlement, or mortgage loan servicing.

How the Stavvy Eligibility Engine helps mortgage loan servicers and originators save time

Stavvy is one of the only RON providers that has a digital solution purpose-built for loss mitigation; this is an invaluable tool for mortgage lenders and servicers in determining whether a loan modification or partial claim can be done digitally during initial contact with the homeowner. Mortgage lenders using the Stavvy Eligibility Engine for loan origination can know with greater certainty whether they can do a full eClosing or hybrid closing from the beginning.

We’re proud of this innovative tool, especially the value and time savings it provides our customers. We know that the success of eClosing and digital loss mitigation relies on identifying early on whether a loan is eligible for electronic notarization and eRecording, and on educating all the stakeholders involved. The Stavvy Eligibility Engine is the next step in moving the industry forward toward the inevitable digital future.

Learn more about how the  is taking real estate beyond documents.