Fannie Mae has announced that real estate professionals and home buyers may now electronically sign offer documents for HomePath properties.
According to Fannie Mae, the electronic signature capabilities will ‘help ensure that real estate professionals avoid errors made when filling out forms manually and have access to the latest Fannie Mae forms for their jurisdiction.’ Fannie Mae has worked with Instanet and Zipform to add Fannie Mae forms to their respective forms libraries, and it also expects to work with additional vendors to provide similar services.
‘These enhancements will make Fannie Mae's REO sales process more streamlined and user-friendly for buyers and agents,’ says Jay Ryan, vice president for REO dispositions at Fannie Mae. ‘Our goal is to sell as many HomePath properties as we can to owner occupants who will help stabilize their community. Instead of filling out forms by hand and scanning them in, agents and buyers have the option to access and complete the documents in a forms library, sign them electronically and submit the offer through HomePath.com in a much more efficient process.’