FHA Acceptance of E-Signatures a Major Step Towards Paperless Real Estate Transactions

Today Silanis released a statement with regards to the impact that the Federal Housing Authority's announcement on electronic signatures will have on the real estate and mortgage industries’ straight-through processing initiatives. Here is a short excerpt.

“While many mortgage lenders have been originating, closing and recording loans electronically for some time, the real-estate industry has been slower to adopt straight-through processing,” said Michael Laurie, Vice President of Strategic Development at Silanis Technology. “The recent endorsement of e-signatures by FHA, the nation’s largest mortgage insurer, should help increase adoption and bring the industry one step closer to achieving a paperless, home-buying experience.”

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