Real Estate Transaction Types

This table explains the difference between each of the several options for the transaction_type parameter in the Real Estate API. Some of them can be created only for lenders, some only for title, and some can be created for both.

Real Estate transactions can either be full online closings or hybrid. A full online closing is a package that will be closed and notarized on the Proof platform. A hybrid transaction is one that will be partially signed (eSign) on the Proof platform, then printed out by the Title Agent or Lender to be notarized (wet signed) in person.

Lender Only

Transaction Type	Description
`refinance`	Full online closing for home refinance loan.
`purchase_buyer_loan`	Full online closing for loan purchase where the signer is the property buyer.
`hybrid_refinance`	Home refinance loan. Notarized in person.
`hybrid_trailing_docs`	Documents that were either intentionally or accidentally left out of a closing package, OR that need notarization prior to closing. Notarized in person.
`hybrid_purchase_buyer_loan`	Loan purchase where the signer is the property buyer, with only eSign documents. Notarized in person.

Title Only

Transaction Type	Description
`purchase_seller`	Full online closing where the signer is the property seller.
`purchase_buyer_cash`	Full online closing for cash purchase where the signer is the property buyer.
`hybrid_purchase_seller`	Hybrid closing where the signer is the property seller. Notarized in person.
`hybrid_purchase_buyer_cash`	Hybrid closing for cash purchase where the signer is the property buyer. Notarized in person.

Lender and Title

Transaction Type	Description
`heloc`	Full online closing for a line of credit against the home value.
`other`	A standard notarization that falls outside the other listed transaction types, and will be notarized on the Proof platform.
`hybrid_other`	A standard notarization that falls outside the other listed transaction types. Notarized in person.
`wet_sign`	All documents will be downloaded from Proof and wet-signed in person.