FHA Now Accepting E-Signatures On Third-Party Docs

Posted by Orb Staff on April 12, 2010 No Comments
Categories : Residential Mortgage

The Federal Housing Administration (FHA) announced Thursday that, effective immediately, it will accept electronic signatures on third-party documents included in the case binder for mortgage insurance endorsement. The policy applies to both forward mortgages and Home Equity Conversion Mortgages.

Third-party documents are those that are originated and signed outside of the lender's control, such as a sales contract.

An indication of the e-signature and date should be clearly visible when viewed electronically and in a paper copy of the electronically signed document, FHA instructs in its mortgagee letter.

SOURCE: Federal Housing Administration

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