During the closing I had last night in Colorado Springs, one of the borrowers asked me, 'What is the advantage to doing it this way?' 

He was referring to the fact that he, his wife, and I were sitting at their dining room table, viewing the loan documents on my laptop computer. My Palm Treo was tethered to it serving as a modem.

I explained to him the many advantages of an eSigning (electronic closing), although he was able to see for himself once the closing was completed.

Imagine being able to sign more than 25 pages of closing documents -- simultaneously -- with the click of a mouse. That is one of the advantages of an eSign closing.  Mortgage loan closings are going electronic. Paper documents are giving way to digital documents.

Instead of 'Sign here. Initial here.', it's 'Click there.'

After all of the digital documents had been signed with an electronic signature, I entered my name into the system as the notary third party closer verifying that all of the documents had been signed electronically by the borrowers.  A message appeared on the screen stating that the closing was successful.  I then transferred the copies of the digital documents in PDF format from my laptop computer to a CD-ROM and gave it to the borrowers.

For more information about eSign closings, visit the section on my website: E-Signing: Mobile Notary Services for Colorado.

There is a link to the AmTrust Mortgage Banking website where you can view a video demonstration of how all of this works.

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I have a closing today in Florissant, Colorado.  It's not an eSign closing, but while I'm in Florissant I'll use the opportunity to do some tests and see if it's possible to do an eSigning in that location.  An eSign closing is dependent on being able to access the internet.