Mortgage Loans and Docusign

Where would my life be without docusign?  It is kind of like asking yourself where would you be without a cell phone.  You do not realize how useful it is until you have to go without it for a day or two.  It has some great benefits to the loan originator and our clients.  The docusign system speeds up the loan disclosure process tremendously, saves paper, and helps keep our clients utilize their time more efficiently.  Here is one example:

Life without docusign: Clients would have to either come to the office and take time off of work to sign their loan application and banking documents or they would be e-mailed or faxed to them at the house or work.  Printing off your personal financial information at the work copier makes for an interesting scene as someone hits the printing button and races to the printer to pick up their personal financial information before their co-worker down the hall picks it up.

Life with docusign: We send our clients a secure envelope/e-mail with all their loan disclosures.  They access their documents via a secure password and sign their documents electronically while on their computer.  Once they finish a copy of the executed loan disclosures, a copy is e-mailed to them for their records and safe keeping.  The software even combines borrower and co-borrower signatures when they sign from different locations...  again saving paper and time.

In our office at Cherry Creeek Mortgage The Woodlands we utilize the docusign technology on almost every file.  VA loans still require original signature and some IRS documents do as well but for the most part it can be utilized on every file.  It is a great tool to use!

This post is a submission to the DocuSign/ActiveRain Electronic Signature Stories Contest. It's possible I will win a prize for writing this post. You could win a prize too by going to the Contest Announcement and sharing your own story.

1 comment for “Mortgage Loans and Docusign”

  1. Posted Friday, April 13, 2012 at 7:42:54 AM

    The process of finalizing mortgage paperwork is often considered the most cumbersome for consumers—but as our mortgage customers and their clients know, it doesn’t have to be a painful experience

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