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eSignOnline Version 3.0 Release
GoPaperless Solutions today announced the v3.0 release for their product eSignOnline, the new and easy way to get electronic signatures on the web.
The latest release delivers the following features for all plans and users of eSignOnline.
•Address book: All existing signers from past signing sessions are automatically added to the new address book inside eSignOnline. Contacts from other mail programs and databases can also be imported into your eSignOnline address book via a CSV import utility.
•Copy & Duplicate Sessions: Save even more time now with the copy feature that allows user to select the document version, existing signing locations, and signer information to quickly start a new session and send out for signatures.
•Certificate of Authenticity: The option to download and save a Certificate of Authenticity for a signing session as a PDF file to the transaction folder is just a one click step.
•Non-Sequential signing: Sequential signing (parties invited one by one) and Non-Sequential signing (all parties invited immediately) is now an option and choice during signing session setup.
•Enhanced Session History Page: Added functionality to sort, group, and filter sessions for faster retrieval and processing.
•Search Tool: A global search tool to look up sessions by first name, last name, email address, transaction name and session title.
•New Template Zones: More specific signer zones such as Buyer, Seller, Agent, Client, Buyer’s Agent, Seller’s Agent, Buyer’s Broker, Seller’s Broker, Landlord, Tenant, and Other Signers are now available to format templates. This makes signer configuration during template setup in a signing session much easier and more accurate to designate signers.
•Transaction Name: The ability to start categorizing signing sessions under a specific transaction name. As a user creates new sessions and start entering the transaction name, a pull down menu will display existing transaction names in their session history for faster selection and entry. This provides more organization to the sessions and is easier to sort, identify and filter sessions by transaction name.
•Document Download Options: The signing session completion email will now contain links to download all individual documents in a session as one PDF or separated PDFs. This will eliminate any issues with email servers that limit the size of file attachments.
Real Estate Contracts signed with eSignOnline accepted by the FHA.
For release: April 9th , 2010
Real Estate Contracts signed with eSignOnline accepted by the Federal Housing Administration (FHA)
Escondido, CA – GoPaperless Solutions is pleased to announce a major ground breaking development in the arena of electronic signatures on sales contracts.
The Federal Housing Administration (FHA) issued a Mortgagee Letter on April 8th, 2010 announcing their endorsement and acceptance of electronic signatures on third party documents, such as real estate contracts and sales contracts. Now real estate professionals and their clients who use eSignOnline to electronically sign real estate documents can sign with confidence.
Electronic signatures in real estate has been growing rapidly, however there has been some resistance in the past with some lenders and banks not accepting real estate contracts signed electronically. This is no longer the case with this announcement from FHA that sets precedence for the lending institutions in the United States. A copy of the FHA Mortgagee Letter can be found on the HUD website at http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/files/10-14ml.pdf
eSignOnline uses a simple easy to use interface for navigation and a wizard interface to send documents out for signatures. With 6 simple steps, you can setup and create a new signing session, invite multiple signers to the session, upload multiple documents, drop signature, initial, date, form fields, and checkbox zones on contracts, preview the contract, and send out for signatures. All parties are notified immediately once a contract has been fully executed. Get contracts signed quickly by using eSignOnline to capture signatures of clients who are across town, out of town, out of state, out of the country, or just simply anywhere! To learn more about eSignOnline, and for more information, please visit www.gopaperless.com.
Media Contact
Prabakar Mahalingam
prabakar@gopaperless.com
Legality and Electronic Signatures
Many real estate agents ask about legality issues surrounding electronic signatures. The e-sign act passed in 2000 was created specifically to enforce the legality of the electronic signature. Some of you have mentioned that certain industries, mainly lending institutions, still aren’t accepting electronic signatures. While some lenders might not accept electronic signatures, I believe the confusion is stemming from digital signatures (click to sign solution from providers such as Docusign) and the fact that digital signature is not actual handwritten signature. Regardless in these very limited cases you might be required to go back to the old-fashion pen on paper signature. But as electronic signatures become more ubiquitous across several industries, the likelihood of anyone not accepting electronic signatures is becoming more rare.
I personally believe that there are more checks and balances to apply through use of electronic signatures. First of all there is a time stamp and IP address attached to the “signing event” of an electronic signature (well at least when using Real Estate Dashboard software). So when you know what time it happen and where it happened isn’t that better than trying to find out who “forged” a signature using a normal pen on paper? You don’t know where it happened and it takes a forensics team to compare the signature to a possible suspect of the signature.
It is important to know that there is limited case law for electronic signatures due to the fact that no case has ever been contested in court of law.
If you want to review the act as whole here is the link to the ELECTRONIC SIGNATURES IN GLOBAL AND NATIONAL COMMERCE ACT of 2000.
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