What is digital closing?

Digital closing refers to the process of electronically signing and transmitting documents during a real estate transaction. During a digital closing, documents such as purchase agreements, closing disclosures, and mortgage notes are signed through an online platform instead of in-person. This can save time and reduce the need for physical meetings, which is especially important during pandemic-related lockdowns. Digital closing also provides greater convenience, as parties can sign from anywhere with an internet connection. The use of digital closing technology is gaining popularity as it streamlines the transaction process, speeds up the closing process, and creates a more secure and efficient real estate experience.