Archive for October, 2013

E-signatures and e-notaries: How far will new technology go?

October 14th, 2013 3 comments

10-14-2013 3-00-54 PM

A notary’s job is to ensure an individual signing documents appears in person, is properly identified and acknowledges his signature in front of a trusted and impartial witness. The notary is the eyes and ears making sure the signer intends to sign, is competent to sign and is not being forced to sign the document. Technology and legislation, such as the Uniform Electronic Transaction Act (UETA), allow notaries and the signers to conduct the entire transaction electronically. but is that the best way?

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Chase and Wells Fargo Home Mortgage Units Loosen IRS 4506 Transcripts During Government Shutdown

October 7th, 2013 No comments

The government shutdown has caused havoc in the mortgage Industry as the IRS is not processing any 4506 transcripts – a mandatory and critical document in the home mortgage loan process. According to the National Mortgage News, Chase and Wells have relaxed their policies temporarily… However, loan officers must get the borrower to sign the IRS 4506-T form so it can be processed when the government shutdown ends.