FHA Allows More Electronic Signatures
HUD is accepting electronic signatures on most documents involved in FHA mortgage insurance, mortgage servicing, loss mitigation and insurance claims, the agency says. “NAR welcomes HUD’s announcement,” says NAR President Steve Brown. “Many REALTORS® use e-signatures to streamline real estate transactions and prevent fraud. NAR has been working with industry and agency leaders to promote greater acceptance and usage of e-signatures, which we believe will soon become the new normal in all documents and transactions.” The HUD announcement came two days after NAR convened a summit on the topic. For more info contact William Gilmartin, 202/383-1109.