FHA to Accept Electronic Signatures
As of 4-8-2010 FHA announced they will accepts electronic signatures on 3rd party documents included in the case binder for mortgage insurance endorsement. 3rd party documents are those that are originated and signed outside of the mortgagee's control such as a sales contract.
This will apply to Mortgages and Home Equity Conversion Mortgages. You will have to keep a hard copy of the origination case binder for 2 years from the date of the endorsement.
If you have any questions you can contact FHA Resource Center at 1-800-225-5342.
Sincerely,
Lisa Scanlon, CSA
941-447-7130
www.scanlonsigningservices.com
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