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Big news - Freddie Mac Now Accepts Electronic Signatures

By
Real Estate Agent with DocuSign

 

Hello ActiveRain Community, this month's DocuSign post is a re-post from the DocuSign blog.  Why a re-post?  Because we have big news to share and it concerns those of you who work so hard in the real estate field.  Please read the post below for the big news!

Freddie Mac Now Accepts Electronic Signatures

 

Posted May 16, 2012

 

 

Freddie Mac Now Accepts Electronic Signatures

The news came out this morning that Freddie Mac has outlined the list of loan documents for which it will accept electronic signatures. Home buyers can now DocuSign their Freddie Mac loan documents — putting an end to the hassle of printing, faxing/scanning, or driving across town to sign.

“Effective immediately, federally regulated Sellers are permitted to conduct Electronic Transactions using electronic versions of certain loan documents in the initial loan origination process.”

Comments (106)

Jon Quist
REALTY EXECUTIVES ARIZONA TERRITORY - Tucson, AZ
Tucson's BUYERS ONLY Realtor since 1996

Great news. Now if we could only get most of the REO's that certain banks do to use DocuSign. They are the worst when it comes to cooperation.

Oct 15, 2012 01:27 AM
Carol Lynn Johnson
Re/Max Elite Realty - Franklin, NC
Residential Specialist

I've held off buying the docuSign software.  Would like to hear from agents how valuable they think it is.  With scanning and emailing abilities, I get things pretty quickly from 95% of my clients.

Oct 15, 2012 04:56 AM
Daryl B. DeShaw
The Wilk-DeShaw Group - Las Vegas, NV
They are only catching up with HUD. Sometime ago HUD mandated that all governmental loan entities, HUD/FHA, Fannie, Freddie, and VA would except electronic signatures in purchase or short sale transactions in accordance with existing federal law. Meaning, you will accept and follow the LAW!
Oct 15, 2012 01:17 PM
Troy Jowers
Pogo Realty, LLC - New Orleans, LA
New Orleans Realtor

Thanks for sharing; this is important and welcome news indeed!

Oct 20, 2012 12:46 AM
Kim Burton
Iron Valley Real Estate Hanover - New Oxford, PA
Licensed Realtor in Maryland and Pennsylvania

Thanks for keeping me informed.

Oct 20, 2012 12:58 AM
Cindy Edwards
RE/MAX Checkmate - Johnson City, TN
CRS, GRI, PMN - Northeast Tennessee 423-677-6677

That is big news!!!  Thanks for the information.  Have a great Saturday!!

Oct 26, 2012 10:32 PM
Ron Dobrosielski
Keller Williams Realty - Beverly, MA

It's about time they caught up to the rest of the world. 

Oct 26, 2012 11:03 PM
Sandy Williams
eXp Realty, sandy@sandywilliams.com - Sarasota, FL

That is great news!  I know that Chase also accepts electronic signatures

Oct 31, 2012 04:03 AM
Mark Montross
Catamount Realty Group - Burlington, VT
Listing and Buyer Specialist

This is very big news. Thank you for keeping all of us in the Active Rain community informed.

Nov 02, 2012 01:24 PM
Anonymous
Pat Braithwaite

Wonderful. So many Clients get overwhelmed with the paperwork and timelines required. This is a major help. Thank you for the update.

Nov 02, 2012 10:07 PM
#95
Amanda Christiansen
Christiansen Group Realty (260)704-0843 - Fort Wayne, IN
Christiansen Group Realty

How is this new news?  I've seen this post over and over and over...                                                                      

Nov 09, 2012 08:47 PM
MaryKay Shumway
The Kellstrom Ray Agency, Inc. (Est. 1948) - Sister Bay, WI
Door County Wisconsin's Real Estate Expert

It's accepting VERY limited electronic signatures.  Trust me, I'm in Freddie Mac fiasco right now:-)

Nov 10, 2012 01:11 AM
Rachel Martiens and Kathy Tyndall = The Tyndall Team
RE/MAX ESTATE PROPERTIES - Palos Verdes Estates, CA
Love Living In The South Bay

Great news! Thanks for posting.

Nov 10, 2012 05:57 AM
Julio Anchante
Century 21 M & M and Associates - Vacaville, CA
CRS, Vacaville, CA - Home Search

Any word when Fannie Mae will follow?

 

Nov 19, 2012 03:38 AM
Ben Ganje + Partners
Lakes Sotheby's International Realty - Minneapolis, MN
Minneapolis Market Leader

Any word on short sales and esignatures working together?

Nov 19, 2012 04:39 AM
Tara Kelly
Real Life Hawaii LLC - Kailua-Kona, HI
Realtor Salesperson

Yeah!! Finally...

Nov 19, 2012 06:48 AM
Wendy Rich-Soto, Realtor/Broker Associate
Keller Williams Realty, LA Harbor - San Pedro, CA
Getting you to your next with a zero failure rate!

This is great news!  It will help buyers to get their offers submitted much more quickly!

Nov 19, 2012 02:18 PM
Ella Reape, Realtor 603-821-1140 ~ Selling Homes Throughout Southern New Hampshire
Keller Williams Realty Nashua NH - Nashua, NH
Luxury Homes Division, Keller Williams

Great news! Thank you

Nov 22, 2012 11:50 PM
Frank Iglesias
Working With Houses, LLC - Atlanta Real Estate Investments - Lawrenceville, GA
Atlanta, GA Real Estate Investor

What's interesting about this is I have bought multiple homes from Freddie Mac since the announcement and some still required signatures that were not electronic but some were ok with it.  One was a hybrid.  Weird.

Nov 23, 2012 06:28 AM
Shanna Day Team Leader (UT & AZ)
Keller Williams SLC (UT) and Keller Williams Realty EV (AZ) - Park City, UT
Keller Williams Realty

YAY!  We needed that!   Fannie Mae too?   

Nov 23, 2012 04:04 PM