Hi Everyone!
We've been listening and we know that some underwriters / mortgage officers of various banks will sometimes request or require wet or ink signatures. One of the reasons they require wet signatures are their concerns regarding electronic signatures and if they are legally binding.
Other underwriters / mortgage officers have no problem accepting electronic signatures, as they are legally binding under UETA and the federal ESIGN Act.
While we talk with mortgage lenders who ask for wet signatures to understand and overcome their objections, we need your help to educate the mortgage lenders you work with to encourage electronic signature acceptance.
You can use these white papers and other documents from the FHA, NAR and DocuSign when you find yourself working with a mortgage lender that requests wet signature:
Together, we can understand and overcome the objections to electronic signature acceptance.
Edit: In Washington State? Click for additional commentary on transactions not involving or affecting interstate commerce.
