Update: PLEASE READ: Thank you for the overwhelming response to our call to effect change at the FHA. We are happy to announce our cause has now received the attention of the FHA. As DocuSign continues to work in conjunction with ESRA, we now ask that you forward your emails to ESRA. ESRA will be sure to get all of the emails to the FHA so that your voices will be heard. 

The email address for ESRA is: ESRA@esignrecords.org.

Are you having problems using e-signatures with clients who have FHA loans? Are your clients losing their rate locks? Do they have to go back and re-sign with a “wet signature” because some lenders are unwilling to accept e-signatures? Has this affected your income? 

We are working to help you. 

At DocuSign, we heard you loud and clear and have teamed up with ESRA (Electronic Signature & Records Association, www.esignrecords.org) to bring this message to the FHA. ESRA’s mission is to educate its members, the public, and the government with respect to the legal, regulatory and operational aspects of the use and acceptance of electronic signatures and records. DocuSign, ESRA and the FHA are having very productive discussions on the issue of electronic signatures on real estate contracts, and they are working together to come up with a rapid solution.

We need your help.

As you know, electronic signatures are not new. Signed into law in 2000 by President Clinton, the ESIGN act provided for documents and signatures in electronic form to have the same legal standing as paper documents and handwritten signatures.  FHA leadership wants to make progress toward compliance with the spirit of ESIGN, and has been working to recognize these 100% valid transactions. Let FHA know that you support this effort.

What you can do.

Tell your story of customer frustration, economic loss-whether it is lost commissions, increased fuel costs, or hours/time lost in closing because of lender acceptance problems. Ask the FHA to publicly state its policy regarding e-signature acceptance.  The only way to effectively turn the wheel of change from “status quo“ to “e-signature acceptance“ is to stand up and be heard.

You can use our template to copy and paste into your email or just use it for inspiration.

Address your email to ESRA: ESRA@esignrecords.org.

ESRA will submit ALL of your emails to FHA on your behalf.

Act now! The FHA needs to hear from you. Send your email today.

 

Together, let’s make a difference. Click here for more information about this initiative regarding esignatures and the FHA.

  • Share/Bookmark