In an overdue process, notarizations have finally started to move online. They are are now doing so at an exponential pace. Especially, over the last few years. Out of all the recent growth and expansion, numerous new Remote Online Notarization platforms have sprung up from the internet dirt and into our lives.
Previously we highlighted the 5 Best eClosing Platforms for Title Companies.
The purpose of this article is to go a little more in depth, by highlighting some of the key differences between two relatively new RON platforms. These platforms are BlueNotary and Cyberize It! Cyberize It! has been a registered LLC since February of 2022, which is nearly the exact same time that BlueNotary started to take its form. So we thought this would be an interesting comparison to do between the two Remote Online Notary Platforms. Both platforms have come out the gates strong near the beginning of 2022.
We went ahead and broke our review down by distinct parameters.
-Price
-Security
-For the Notaries and Loan Signing Agents
-For Title Companies and Law Firms
-Features and form
Price:
It is free to sign up for BlueNotary’s platform with the option for users to upgrade to our Pro Hybrid package for $27/month. Cyberize It! runs at a cost of $89.97 every 3 months or $39.99 to get on a monthly plan. Whereas, if you were to subscribe to Blue Notary monthly, you would save $12.99 per month and if you subscribed for every 3 months you would still save $5.97 in comparison to Cyberize It!.
Cyberize It! does have a slightly better monetary deal with their 6 month package for only $119.99, but 6 months is a long time to commit to something that doesn’t have the tech to record their own videos yet.
The edge in under 6 months goes to BlueNotary. The edge in the longer term remains BlueNotary as you’ll see from reasons analyzed below.
Security:
One advantage that BlueNotary has over many of its competitors is that it sports its own Proprietary Technology allowing clients to notarize their documents from any browser, be it on a table, mobile, or computer. This same technology automatically records and delivers your video to you within your audit log and dashboard.
Cyberize It! Does not have any video recording, support or integration, but they do have an agreement to work with Zoom. Most people are familiar enough with zoom at this point. I’m sure some of you may have read the news stories about exploits and pranks taking place on the platform on the site through these cyberhacks and these security vulnerabilities.
The 2nd round has to go to BlueNotary as they are the only one in control of their own tech.
For the Notaries and Loan Signing Agents:
Both companies are hybrid platforms if you are paying for membership. This means that you will bring your own clients but you also have the option of being able to pick up General Notary Work from clients coming into the BlueNotary platform either through partner companies or walk-ins off the internet street.
BlueNotary also has great numbers when it comes to how much they pay out and the specifications at which they pay out their notaries. EACH notarization has an AUTOMATIC payout for $25 to all notaries public that do a signing with the clients that are brought to you.
For Cyberize It!, our research had trouble finding any specific numbers for this particular topic. We would be very appreciative if one of our dual platform using users comment below and provide us a bit of info 🙂
For the time being, we think it is safe to give the round to BlueNotary.
For Title Companies and Lawfirms:
Cyberize It! was approved for MISMO certification in early 2022. MISMO stands for Mortgage Industry Standards Maintenance Organization. MISMO is a sort of regulation board for the best practices and standards regarding legal real estate documents that are being notarized remotely online.
BlueNotary recognized the importance of MISMO and their team to the real estate community and made the quick decision after launching and began processing their paperwork with MISMO. BlueNotary also recently announced their new pricing for businesses and lawfirms starting at just $7 per month. You can follow BlueNotary’s social media LinkedIn and Instagram for future announcements.
BlueNotary also offers white label solutions for connecting their remote online notary API for their more technically requiring business owning clients as well. If this is a bit too fancy, BlueNotary also has more than competitive packages for mid range clients as well.
Cyberize It! used to have a slight edge here with their certifications, but BlueNotary was recently approved with MISMO, evening the score. MISMO certification really is the primary gold standard in the industry, so theres no where to really go beyond this.
Kudos to both companies for striving to provide the best practices and standards for their clients.
Features and Form:
Cyberize It! offers Live Audio-Visual, recorded, sessions that they keep in digital storage for 10 years. They also offer live 24/7 Technical Support, which is great if you’re having any difficulties with connections or with zoom. They also offer pre-made designs to help you advertise your own notary business. Cyberize It! also helps with onboarding and training of their notaries as well. Of course they also provide a free electronic notary stamp if you are a member of their team.
BlueNotary has all of the same bells and whistles as above plus a few more of their own. Of course they provide a personal e-notary seal and digital certificate. They are even offering this to new notaries under their early adopter special. BlueNotary accounts for 10 years of digital storage through AWS cloud object servers, as well as contingency plans in case anything goes wrong. BlueNotary’s onboarding and training is ever expanding with new videos responding to client needs all the time.
BlueNotary Remote Online Notarization meetings allow for multiple participants. They allow a customizable template library for pre-tagging common documents, Tag-to-tag toggling for quicker signing and Priority chat/email support from a website built by coders at heart. These coders allow for increased flexibility and ever expanding features, like BlueNotary’s new Notary Accounting Software add-on they are currently customizing.
For features and forms, we have to give the edge to BlueNotary. We didn’t even really get into the “form” but overall BlueNotary is just a cleaner and smoother site on launch.
Conclusion:
Both companies provide their notaries with journals and make it easier to get notarizations done without leaving your home. Obviously this blog is a little biased based on where it is being published, but we believe the easy choice is to go with BlueNotary, both now, and and in the future.
It will be exciting to revisit this article in a year to see how both of these blue logo’d companies have grown!