This is a much needed change! With the market heating up and such low inventory, sometimes timing IS everything! Having the chance to use electronic signatures will help many buyers to submit offers quickly without having to meet with their realtors to sign and then submit! Another positive step in the right direction!
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!
Posted May 16, 2012
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.”