Signing Home Loan Documents in a Virtual Age

Signing Home Loan Documents in a Virtual Age

Contra Costa County Real Estate | East Bay Homes

Signing Home Loan Documents in a Virtual Age

12 June 2020 | Blog, First Time Homebuyer

Electronically signing home loan documents has dramatically improved the loan origination process. When it comes to processing loans, it’s the most modern option in use today. Centuries of pen and ink signatures have been replaced by electronic signatures, along with electronic documents. Signing home loan documents electronically is as legally binding as inked signatures on paper.

Follow this step-by-step guide to signing home loan documents digitally:

Receive the Document

Your realtor or banker will send an invitation through email that includes the document. They should also provide you with an access code to ensure you’re the only one who can access these sensitive documents. The link will direct you to the document service where you can review what you’re about to sign. Some services will have you upload the document to your computer. 

Review the Document

You then have an opportunity to review the entire agreement before signing anything. Simply ignore the signature tabs and read to the end of the document. You’re also able to print the document if you don’t want to read it online.

If you find a mistake, do not sign. Instead, inform the originator of the loan documents, or your realtor.

Signing Home Loan Documents

The document will indicate whether a signature or initials is required. If this is a joint home loan, it will clearly show where the signatures must be signed, and by which parties. Since this is an electronic signature you don’t have to worry if your handwritten signature matches the electronic version.

Save the Document

When all the signatures are complete, you can click the “Finish” tab and download the signed document. If the document is to be countersigned, a follow-up email will be sent to you that will include the fully executed agreement.

Find Your Home

There are several electronic services in use today, but each has the same result; they capture your signature and quickly move the loan process forward. If you’re looking for a home in the East Bay, contact our elite team of professionals online, or at (925) 595-8047. We believe you deserve more from your real estate company, and we’ll prove it.  

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