FHA Approves Use of Electronic Signature for Third Party Document Signing
The Federal Housing Authority (FHA) recently issued an official letter signaling its acceptance of the e-signing of third party documents such as purchase contracts, addenda and other transactional documents. Accordingly, Authentisign is now approved for use in FHA insured transactions.
The letter states “…that FHA will accept electronic signatures on third party documents included in the case binder for mortgage insurance endorsement…Third party documents are those that are originated and signed outside of the mortgagee’s control, such as a sales contract.” The FHA letter can be found here: http://nhl.gov/offices/adm/hudclips/letters/mortgagee/files/10-14ml.pdf
Are you considering using an electronic signature solution? If so, here are a few important facts about Authentisign to consider:
- Authentisign is ESIGN compliant.
- Authentisign is our own application. We built it and we own it.
- Authentisign is integrated with the entire suite of online software your members, subscribers and associates use – InstanetForms, Forms Online Gold, DocBox and TransactionDesk Pro and TransactionDesk Lite.
- Authentisign is approximately half the cost of DocuSign.
- Authentisign is the first and only e-signature solution to be chosen as a member benefit by any REALTOR® organization. The Montana Association of REALTORS® has chosen Authentisign as their signing solution and will provide it along with TransactionDesk as a member benefit in the very near future.
If you would like to get more information on Authentisign, visit the Authentisign website at www.authentisign.com .
Go Green, Go Paperless!
Find out how much you can save by going paperless using our paperless savings calculator. You can also call us at (800) 668-8768 or email us for more information about TransactionDesk, InstanetForms, DocBox2Go, DocBox, InstanetFax and Authentisign.
Comments are closed.