Electronic Signatures and Electronic Contract Execution in Real Estate and Mortgage
Real Estate documents can be long and complicated, require many signatures from multiple signers, and go through many reviews or updates which require even more signatures. DocuSign's electronic signature and electronic contract execution services makes managing this complicated process simple and convenient. The DocuSign process allows agents and clients to sign from anywhere, eliminating the hassle of faxing long documents, or having to arrange client meetings. This hassle free and less stressful, signing process is helping agents to offer a higher level of service to clients allowing them to retain clients and gain more referral business, all while making the process more convenient and easier for themselves. Less time managing paperwork and getting signatures allows more time for client-facing activities, or a little more time off.
Case Studies
Having a large number of out of state customers presents a challenge of having to send paperwork back and forth via fax. After sending, receiving and re-sending documents many times the signatures would sometimes become illegible. While exploring various options to tackle the problem of finalizing contracts, it was found that Zipforms partnered with DocuSign and offered the solution she was looking for. |
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Most of the time 20-to-30-page documents need to be signed in multiple places by both parties, and then the document must be faxed or sent via overnight mail to the other party. This process can take more than a week to complete. If any signature is out of place, not signed correctly or illegible due to repeated fax transmission, then the entire deal would need to be rewritten. Also, many real estate agents had to drive documents to the clients at odd hours to get signatures on the contracts. It is a very time-consuming, inefficient process that is quite taxing for agents. DocuSign's electronic signature and contract execution service was the solution to these issues. |
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Since incorporating DocuSign's eSignature service into Allied Home Mortagage's loan-signing process they have experienced a dramatic increase in the document return rate and a huge reduction in turnaround time for signed documents. Using DocuSign's eSignature service help Allied Home Mortgage cut weeks off the entire closing process. |
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In 2006 Crosstown Mortgage formed a partnership with Houston-based First Houston Mortgage. First Houston had been using DocuSign's eSignature technology and introduced it to the team at Crosstown Mortgage. By using DocuSign's safe, secure and legal eSignature technology, Crosstown Mortgage can now get critical documents to its clients in minutes rather than days. Its clients, who in many cases are interested in closing deals quickly, simply receive an e-mail letting them know that the documents or contracts are ready for their electronic signature. The broker can monitor the status of the paperwork to ensure that the process is running smoothly. |
