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Archive for April, 2010

New Home Sales Surge

April 26th, 2010 No comments

New home sales in March reached a seasonally adjusted annual rate of 411,000, a 26.9 percent increase from revised February rate of 324,000 (revised up from 308,000) and is 23.8 percent higher than the March 2009 estimate of 332,000.

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Results

April 26th, 2010 No comments

From Jim Rohn:

At the end of each day, you should play back the tapes of your performance. The results should either applaud you or prod you.
The greatest form of maturity is at harvest time. This is when we must learn how to reap without complaint if the amounts are small and how to reap without apology if the amounts are big.
Life asks us to make measurable progress in reasonable time. That’s why they make those fourth grade chairs so small—so you won’t fit in them at age twenty-five!
There are some things you don’t have to know how it works—only that it works. While some people are studying the roots, others are picking the fruit. It just depends on which end of this you want to get in on.

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Complete E-Real Estate Transaction-Really?

April 16th, 2010 No comments

With FHA’s recent announcement that they will now accept e-Signatures on Real Estate contracts are we really that far away from a complete ‘e’ transaction? (This coming June is the 10 year anniversary of President Clinton’s signing of the e-Sign Act) A few years ago we began referring to this process as the ‘digital or d’ transaction as we often heard that competitors would be offering similar products only to discover that most began with an email generated document and ended with a print, sign and fax or expensive overnight delivery solution. Our definition of an ‘e’ transaction has always been a ‘process that starts electronic and ends electronic-no paper, no faxing, and no scanning or human intervention’. By the way, this clarification was also released by the Mortgage Bankers Association (MBA). Here is another FHA statement appearing in Mortgage Technology:
FHA Expands Acceptance of Electronic Signatures http://www.mortgage-technology.com/plus/#1271088004

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Game Changer

April 12th, 2010 No comments

When we pioneered towards a complete electronic and paperless real estate transaction back in the nineties we always thought that if an agent could have their clients sign documents in real time over the Internet why would they ever process another piece of paper ever again? Now, with FHA adoption and all the pieces of the puzzle in place, we see that Industry adoption is right around the corner. It has taken us many years to get all Parties to the table to accept e-Signatures and although no one in the Industry is considered early adopters the agents now have an opportunity to take the lead at the beginning of the transaction while getting ‘in front of the line’ to get your deals accepted and closed quicker and faster!

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FHA Announces e-Signature Acceptance

April 8th, 2010 1 comment

A major piece of the puzzle has been solved.  FHA is now officially accepting e-Signatures on Real Estate and Mortgage transactions. We served on the MERS User Advisory Group and had our first discussions with FHA back in April, 2009. We applaud their diligent efforts to move forward with e-Signatures and now Agents will no longer have to chase down ‘wet’ signatures to close their deals. This now rounds out our complete Real Estate Solution - we continue to be the first and only e-Sign solution provider that has been certified by County Recorders (e-Recording), Secretaries of State ( e-Notary), Fannie Mae and MERS eRegistry ( e-Notes and e-Vault) 

With our 30 plus years as Real Estate/Escrow Professional domain experience and our Strong Intellectual Property  we are the long term partner for any Real Estate, Escrow, Lender or Notary seeking a real competitive advantage looking to make a difference.

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