Wednesday, September 24, 2008

white papers and electronic signings

Funny you should mention this, October Research.

Why have lenders been slow to adopt this technology when so many consumers use online banking and more will in the future? According to a whitepaper by First American Equity Loan Services, many lenders have said there are a number of issues that are preventing them from utilizing electronic signing of mortgage documents.

I was just thinking about it over lunch. All those gazillion white papers Fannie and Freddie and everyone else did on the paperless mortgage transaction...are they all for naught? I doubt that anyone really cares right now. Who survives and how they do business will take place in a clean slate environment.

Guess we'll find out then, whenever then is.

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