December 14th, 2015 6:29 PM by Sam Kader
The legal landscape for use of electronics records and electronic signatures has long-since been solidified with passage of the Federal Electronic Signatures in Global and National Commerce Act in 2000 and the Consumer Financial Protection Bureau has been supportive of going digital for the whole mortgage process for loan disclosure.
E-signing is a proven technology and has been supported by the Consumer Financial Protection Bureau as leveraging technology to employer mortgage consumers at closing.
Moving to digital transaction management and e-signatures will speed the loan closing process dramatically and create a much better experience for all involved who can now deliver, view and sign off on loan disclosures whenever and wherever convenient. Here are some of the benefits:
There are only two ways to shorten the mortgage closing timeline:
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