Just closed a Bank of America short sale.
Buyer signed with Docusign and seller signed with Dotloop electronic signatures. Hopefully this is a sign of things to come at Bank of America!
Anyone else getting electronic signatures accepted or did I get lucky?
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That's good to hear, I love Docusign. But I get agents that kick back my offers and say "the bank won't accept it" without even trying. Frustrating because I have an investor buyer in Canada who buys a lot of short sales from me and real signatures are not easy to get!
I've had two, one with BofA and one with Chase. Both allowed DocUSigs EXCEPT obviously when it came to Notarized Docs. I think it may have to do with the negotiators familiarity with the electronic signature process. Maybe when rejected we need to educate the negotiator on the process and perhaps they will accept it.
I've closed using electronic signatures with SunTrust, Wells Fargo, BofA, Nationstar and Chase
I never have, but maybe I'm on all their 'lists'. I always get them kicked back. It's weird that some Agent's have no problem getting the Servicer(s) to accept and some have no success.
A recent Suntrust (Fannie Mae)
On Aug 24, 2011, at 7:28 PM, ".Debra" a href="mailto:@suntrust.com" target="_blank">@suntrust.com> wrote:
12/01/2011 16:47:41
Body: Please make sure to upload the following documents into equator MAKE SURE THAT THERE ARE ABSOLUTELY NO DOCUMENTS W/ELECTRONIC SIGNATURES AS BAC NO LONGER ACCEPTS THEM NO EXCEPTIONS.
I have done electronic with Wells, but B of A has been no so far. Will ask again next time.
From Wells Fargo -
On Wed, Sep 21, 2011 at 11:48 AM, Kevin M. Lancaster - Willson with Keller Williams Realty in Greenville, South Carolina <Kevin@kevinsellstheupstate.com> wrote:
Hello Kevin,
Thank you for sending in the documents, I understand it must be extremely difficult to do with the homeowners living in separate states. As for the listing agreement and the electronic signatures. I have spoken with my manager with regards to this matter and she has informed me Wells Fargo Home Mortgage will not allow electronic signatures for the HAFA program due to the encryption issues surrounding them. I apologize for any inconvenience this may cause but I must request you resubmit the Listing Agreement executed with wet signatures.
What type of loan? I always get them sent back from BOA (and pretty much any other Servicer for that matter) Just had a BOA serviced Fannie, FHA, and non-GSE sent back to me with electronic signatures within the last two weeks.
On Fri, Dec 2, 2011 at 4:43 PM,Christopher - 4 a href="mailto:cthomas13@bankofamerica.com" target="_blank">...@bankofamerica.com> wrote:
Remember, I will not pass the audit process with an electronic signature
Ahhh.....technology. Such a good thing when used responsibly.
Jeff - I've gotten a few approved with BOFA electronic signatures. The only one where they wanted partial live signatures was on a Ginnie Mae form. It's so nice, isn't it?
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