NEWPORT BEACH, Calif., Oct. 8, 2019 — NotaryCam®, the leader in online notarization and original provider of mortgage eClosing solutions, today announced that its Founder and CEO Rick Triola has been named a 2019 Tech Trendsetter by HousingWire magazine as part of its inaugural HW Tech Trendsetter Awards™ program. In the magazine’s profile on Triola, the HousingWire editorial staff noted that as the founder of NotaryCam, Triola brought remote online notarization (ROB) and remote online closing (ROC) technology to the industry and has been a driving force in RON/ROC adoption.
The HW Tech Trendsetter Award™ recognizes the technology leaders driving innovation in the housing economy. The winners represent executive, product and technology leaders who have played an integral role in bringing innovative solutions to market for housing industry clients at large. Triola’s Trendsetter status comes not only from being the first to introduce RON and ROC technology to the housing industry, but also from leading the charge for adoption. As any good technologist knows, without adoption, the most innovative solution is all for naught. Thus, Triola has made it his mission to drive RON/ROC adoption by becoming a grassroots advocate for RON standards and legislation throughout the country.
“HousingWire has always recognized innovation and technological advancements in the housing industry, but none of those advancements happen without people leading the way,” HousingWire Managing Editor Ben Lane said. “Technology doesn’t simply create itself. People are the driving force behind those innovations. And it’s in that spirit that we proudly honor the visionaries helping to push the housing industry into the future.”
Triola has devoted the last six years to advancing nationwide RON legalization. Recently, he undertook a grassroots campaign in Texas to educate county recorders about RON. Even though Texas passed its RON bill last year, many recorders – especially those not eRecording – were hesitant to record paper copies of eNotarized real estate documents. Thanks to Triola’s efforts and six years of solid county recorder proof points across the U.S., Texas passed Senate Bill 2128 in May, providing recorders with more certainty regarding the recordability of eNotarized documents, with increased support from the state’s recording community.
NotaryCam introduced RON to the Industry in early 2013 and pushed hard to set the standards, which have now been widely adopted. First, Triola presented NotaryCam’s platform to Fannie Mae and Freddie Mac in January 2013 to garner GSE buy-in. From there, Triola addressed the National Association of Secretaries of State in June 2013 to introduce RON and neutralize opposition from the 49 states that had yet to legalize RON at that time. From there, Triola continued reaching out to all stakeholders, including individual title offices throughout the nation, and as a result, NotaryCam completed the first RON mortgage closing in early 2014 with a top 5 mortgage lender.
“As with so many mortgage-related innovations, widespread adoption is often hamstrung by lack of explicit regulatory approval, but the tide is turning for RON in this regard, especially over the last six years, as 22 states have now enacted or will enact RON legislation by October 1, 2020,” Triola said. “Knowing the importance of the extensive eco-system buy-in for RON’s success, NotaryCam has doubled down on its commitment to evangelizing RON at all state and private company levels to drive adoption, and I am truly honored that HousingWire has singled out my efforts in this regard by selecting me as one of its inaugural Tech Trendsetter winners.”
For the full list of this year’s honorees, visit https://www.housingwire.com/articles/introducing-housingwires-2019-tech-trendsetters/.