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Mortgage Industry Sees Growth in Electronic Signatures

Friday, January 13, 2006

DocuSignElectronic signatures seem to be finding their niche in the mortgage and real estate industry, according to DocuSign.

The company reports that it's seeing broad adoption and expanded usage of online signatures in the home loan world.

DocuSign offers a web-portal for loan officers to facilitate electronic signatures. When a loan officer needs to obtain signatures from the applicant, they post a digitized version of the document on DocuSign's website. An e-mail is sent to the applicant informing them to log-in, and give their approval.

Applicants simply need to set up an electronic signature once, and then use that signature however many times as needed. The electronic signature is a legally binding signature.

The process saves time from having to mail, fax, overnight, or hand deliver documents. Ultimately, the consumer wins by getting their loan approved more quickly, or perhaps finishing escrow in a shorter time.

2 Comments:

  • I could'nt agree more, Electronic Signatures really serve two purposes. First they are an easy way to leave your calling card so to speak. Second they have a positive effect toward optimizing your website.Jacksonville FL Real Estate

    By Tracey Kirchain, at 12:22 PM  

  • A realtor's .Com Dream
    Written by Jane Fraley

    An already popular website is for sale by auction on eBay! The interesting point? This site is a parody to Donald Trumps site. With the domain THETRUMPTOWERS.com, this site would be a real goldmine to a .com Realtor! In researching this find, we found that an additional domain, Trumptowers-toronto.com is included in this sale.
    With only 6 days to go, and the auction still at the starting price of a measly $400.00 I expect this to be an interesting auction to watch in the last 24 hours. Surely all the "big dogs" are holding back with hopes of gaining this at a fraction of it's worth. Perhaps this is not the best time to be frugal.
    Check back in 6 days for the outcome, as well as an interview with the seller.

    By Anonymous, at 2:02 PM  

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