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.