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FNF is Ready for Digital Closings 

The traditional real estate closing is getting a modern update. The digital transaction process is not only a convenience for our customers but also brings efficiency, reliability, and affordability with the added benefit of document security for lenders and title agents alike. The real estate closing process has been relatively unchanged for decades.

Recent changes to state laws and regulations have enabled our industry to establish innovative digital processes that empower our customers and provide them with a streamlined closing experience.

FNF is committed to helping agents with this transformation of digital closings as they happen in each state.

Our agents enjoy access to the FNF Digital Transaction Team which provides:


  • Resources and information for digital transactions
  • Expertise and experience to train and facilitate successful digital transactions
  • Piloting strategy development 
  • Education and transition information for digital transactions by facilitating a small-scale pilot with our lenders and vendors
  • Monitoring and management of the business processes between our operations, the lender, and vendor; identifying and managing risk and issues

Digital Funds/Digital Payments

Jason Nadeau Podcast__2022

If you haven't listened to our recent podcast episode on digital payments, you won't want to miss it!  Jason Nadeau shares how you should navigate receiving payments in the digital age. 


Click image for downloadable PDF.

Click image for downloadable PDF.

Title industry trends continue to evolve, especially the popularity of digital depository applications such as venmo, paypal and zelle.   these peer-to-peer payments are replacing the traditional banking and credit infrastructure such as paper checks, wires, and certified funds.  millennials currently make up the fastest-growing segment of buyers today, according to a recent National Association of Realtors report.  Additionally, according to a study by NerdWallet, 94% of millennials use mobile payment apps compared to 87% of Gen Zers, 88% of Gen Xers, and 65% of baby boomers.

Given this trend, we had a discussion with Cathy Ceci, our FNF National Agency Audit Director and regarding these peer-to-peer payments and how these are not acceptable depository and disbursement platforms for real estate closings.  Our audit program, for our FNF Family of Companies, tests for these applications as part of the escrow review.  If found to be in use, the risks are discussed at the completion of the audit. 

 Here are a few important points:

  • Timeliness of transfer – most of these apps require a waiting period for funds to be available which may interfere with states requiring Good Funds
  • Instant payments cost money (Venmo currently charges1.5%)
  • Fairly low transfer thresholds
  • These types of transfers are not compatible with positive pay
  • Payment revocation is a challenge – if an agent sends the funds to the wrong account, they will more than likely not get the money back

 Attached for your convenience are documents that Jason Nadeau, FNF’s Chief Digital Officer, who Chair’s ALTA’s Digital Process Workgroup, produced on this topic as well as a podcast that further explains what to watch for and what are the current best practices.

 As we strive to continue to provide information in understanding potential risks to your escrow account, we encourage you to review the above attached information and include it as part of your agency’s escrow account controls. 

For more information on why we need digital real estate transactions, and other information to share with your employees and customers, please check out these great FNF videos:

Click image for downloadable PDF


The Digital Transaction Team
Informational One-Pager


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eClosings and eMortgages
Educational One-Pager


Click image for downloadable PDF


Remote Online Notarization



Play Video - Digital Closings 101.2 > 
(Hybrid vs. Digital Closings)


Play Video - Digital Closings 101.3 >
(Remote Online Notaries)

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