FHA to accept electronic signatures

By
Services for Real Estate Pros with Scanlon Signing Services
 FHA to Accept Electronic Signatures

    As of 4-8-2010 FHA announced they will accepts electronic signatures on 3rd party documents included in the case binder for mortgage insurance endorsement. 3rd party documents are those that are originated and signed outside of the mortgagee's control such as a sales contract.  This will apply to Mortgages and Home Equity Conversion Mortgages. You will have to keep a hard copy of the origination case binder for 2 years from the date of the endorsement.    

If you have any questions you can contact FHA Resource Center at 1-800-225-5342.

Sincerely,

Lisa Scanlon, CSA

941-447-7130

www.scanlonsigningservices.com

 

Comments (2)

Kathy Toth
Ann Arbor Market Center Keller Williams - Ann Arbor, MI
Ann Arbor Real Estate Experts - Kathy Toth Team

Lisa - thanks for the information,

May 10, 2010 12:14 PM
Charlottesville Choice Homes
Keller Williams Realty - Charlottesville, VA

This is some great information.  Is there a particular system that you use.  We are fond of docusign.

May 10, 2010 12:40 PM