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The FHA approves using Docusign!

photo by ZeldaFan999

Very exciting news came through this week from Docusign!

On April 8, 2010, e-signed third-party documents, including real estate contracts, are now being accepted by the Federal Housing Administration (FHA) with the issuance of today's mortgagee letter.

This mortgagee letter is the first in what is expected to be a series of responses to this initiative. With this policy statement from the nation's largest mortgage insurer, real estate professionals can use DocuSign to get real estate contracts, addenda and other documents signed electronically, and their buyers can apply for FHA insurance with confidence. The FHA mortgagee letter can be found on HUD.GOV website.

What does this mean for buyers? One less step in having to resign purchase contracts & addendums in ink along with continuing to making a small difference in using a little less paper during a real estate transaction.

The Paperless Real Estate Transaction

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Cheryl Bower, Realtor , GRI, ABR
Cell 415.999.3450

cheryl@cbower.com
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Posted by Cheryl Bower, Realtor, CRS, GRI, ABR, ePro on 04/11/2010 12:19 PM

Comments (3)

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3 Comments on The FHA approves using Docusign!

APR

2010

That's great news. Its about time they came on board with technology.

One small step in the right direction. I've been hearing for years how loan documents would soon be presented on an electronic tablet similar to an iPad (no this is not a plug for Apple - just that that's the only type of device I know of that looks like it my do what I've been hearing about) where people could sign and there would be no paper involved. I think it's been about 10+ years that I've been hearing that and I'm not sure that even with the release of Apple's iPad (I don't even own one) that we are any closer. That said, hooray for Docusign and the decision to use it. Let's keep moving forward.

APR

2010

I agree Cheryl & Jed.

I think some Southern California title companies are using e-sig. Hopefully, it makes its' way north soon!

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Cheryl Bower, Realtor, CRS, GRI, ABR, ePro

San Francisco, CA

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Zephyr Real Estate, San Francisco, CA

Address: 215 West Portal Avenue, San Francisco, CA , 94127

Cell Phone: (415) 999-3450

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