FHA Now Accepting More e-Signatures
The FHA announced that as of Jan. 30, 2014, it is granting expanded authority to lenders to accept electronic signatures (e-Signatures) on documents associated with mortgage loans. Origination, servicing, and loss mitigation documents, as well as FHA insurance claims, HUD REO sales contracts and related addenda can now be signed using e-Signatures. Current FHA policy allows for e-Signatures only on third party documents such as sales contracts and other documents not controlled by the lender.