Welcome to DSNews.com—delivering stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Tue May 21, 2013
Bank of America announced Monday electronic signatures are now accepted on most preapproved short sale documents.
Agents who initiate a short sale without an offer and participate in the Home Affordable Foreclosure Alternatives (HAFA) or the bank’s Cooperative Short Sale program can submit documents using an electronic signature, the bank explained.
Whether its for an approval letter or third party authorization form, e-signatures are now an acceptable standard. The full list of documents where e-signatures can be used is available online.
BofA’s Deed in Lieu (DIL) and Real Estate Owned (REO) divisions also accept e-signatures.
Do you have a news tip, story idea, or suggestion for DSNews.com or DS News magazine?
Simply e-mail editor@dsnews.com.
Whether you choose to tell us a little about yourself or prefer anonymity, we appreciate your contribution!
