I just received this message from Docusign -
Kevin, I am meeting tomorrow with NAR, Fannie, wells, chase, FHA, and others at an e-signature summit. Your stories over the past few years have fueled the activity at NAR and have served to give context to the problems we seem to be having with acceptance. Any updates or recent stories you want me to relate to the group during my lunch keynote tomorrow?
Ken
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Kevin, Thank you for taking the lead in this effort! E-signatures should be accepted, it's also the law - reference the E-Sign Act of 2000
yes electronic signatures ARE easier for all involved, etc.... but I was told by several attorney's and whether they are correct or not..... they said, and I quote: "The banks don't want to allow docusign or electronic signatures because....
it would be viewed as "robo'signing" and remember...only the BANKS can get away with "robo signing"....not anyone else...
but it's NOT considered "ROBOSIGNING" when THEY do it... ain't bein on the other side...grand???:::)))
http://shortsalesuperstars.com/forum/topics/robosigning-is-the-same...
I agree with Jeff Payne...Electronic signatures can be tracked, but anyone can sign a wet signature. For many of my clients who are divorced and one has moved to another town, electronic signatures make it easier to get the documents back within the time frame that the banks call for. Some of my clients do not have scanners or fax machines in order to send back paperwork that they physically have to sign, so sometimes there is a week delay in my getting these docs back because the client literally has to go to a Kinkos or fedEx office to send me back the paperwork..Electronic signatures just make sense in this day and age.