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Posts Tagged ‘contract’

Long Awaited – FHA Approves e-Signatures

January 30th, 2014 No comments

It was announced today that the FHA will now accept e-Signatures. Industry pundits have said that the entire electronic real estate and mortgage transaction has been stalled to almost to a complete halt without this FHA buy-in. (E-Sign Act, June 2000)

Settleware has been advocating such advances and pioneering the effort since the late 90′s (and we have the arrows in the back to prove it)..this announcement will be well received by all Industry stakeholders, especially the consumer who has been needlessly inconvenienced, and will now open the path to e-Mortgage adoption.

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NJ Allows Electronic Signatures for All Real Estate Contracts and Agreements

September 5th, 2013 No comments

On August 9, 2013 the NJ Legislation approved A3818 that offers clarification to the NJ UETA laws that allows for electronic signatures on all real estate transactions. We applaud and support this legislative effort which now enables real estate professionals and consumers the ease to legally e-Sign and execute documents over the Internet, anytime and from anywhere.

Opening and closing deals digitally has been the focus of Settleware for more than a decade and excited that this amendment now streamlines the entire real estate process and will eliminate most, if not all, of the inherent stress that buyers/sellers endure while processing the largest transaction they are mostly likely ever to make in their lifetime.

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Yahoo Finance – Expanding Online Notary Public Globally

June 19th, 2013 No comments

We’re thrilled to announce that we have expanded our electronic Notary service globally. Our professional team of notaries offers signers the convenience to digitally sign and notarize transactions online, from anywhere in the World – collapsing critical time frames and closing 100% compliant deals at warped speed…

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The Journey – NotaryCam ‘Tomorrow’s Future Today’

December 18th, 2012 1 comment

With over 30 years of domain experience, more than a decade ago we set out to Master the electronic real estate and mortgage eco-system.  What began as a simple journey to streamline the transaction for our customers turned into what seems like a lifetime commitment. Thank goodness we received some very early and salient advice ”Eliminating the stress and associated friction around the antiquated systems, mounds of paper, faxes, scanners and overnight couriers seems like a no brainer but this will take you longer than you can ever imagine……it only took us 17 years to get broad adoption for the ATM machine”, said an ATM entrepreneur, visionary and adviser to Settleware®.

Good news – bad news. The real estate and mortgage transaction is one of the most complicated and highest liability transactions that a consumer will ever participate in. We understood that many different companies and agencies ‘touched’ the transaction and we needed to meticulously secure ‘buy-in’ from each one in order for the industry as a whole to move forward with a pure paperless and digital transaction-electronic signatures was the glue to connect all parties, documents and vendors over the Internet. (US e-Sign Act passed June, 2000). Good news – the electronic transaction would become the defacto standard – in every Industry across the Globe!

We engaged industry experts and pioneers and by summer of 2007, with Fannie Mae and MERS e-Registry final certification, we achieved kismet-the first electronic and digital end to end transaction over the Internet-without a single piece of paper. County Recorders/Registrars, title, escrow settlement, lenders and Secretaries of State (notaries) on board. We were able to identify and change all the initial ‘red flags’ to ‘green’. Soon thereafter, the market imploded and technological advances took a back seat to survival – overnight most lenders changed from ‘green’ back to ‘yellow’. The primary objection was that nearly 100% of their transactions required a professional notarization and until every Secretary of State was on board they could not scale nationally – ‘let’s just wait it out’. Although we processed thousands of successful electronic notarizations since 2004 from California to North Carolina, today, only 17 US States are actually on board – still presenting a monumental challenge and barrier.  So we continued to innovate and devoted resources to build out IP protections (Int’l and US Patents #7,127,406, #8,204,807 and patents pending) as we firmly believed that it just made too much sense that, at some point, all parties would not want to be tethered to paper and all the inherent stress/friction.

In 2010, robo-signing hit the headlines so we knew we needed to change the tools to allow for a digital ‘face to face’ meeting with the signer and notary and ‘leapfrog’ over the obstinate status quo. We also needed 100% assurance  that the signer and notary were who they said they were and not have to go to court with a ‘he said-she said’ type of argument that is so prevalent today. In addition, absolute verification as to the originality and integrity of the document guaranteeing that there would be no manipulation once electronically signed was paramount and our highest priority.

We were fortunate that the Commonwealth of Virginia shared the same insight and vision and on July 1, 2012 video notarizations became legal, regardless of where the signer is located. Hence, the birth of NotaryCam-the first patented process that connects all parties in the real estate/mortgage/escrow settlement process in a virtual signing room. Further, NotaryCam also provides a secure, verifiable and independent witnessing service for high valued business transactions, notary not required, providing irrefutable evidence to any oral or written contract or agreement.

We have successfully completed transactions around the sale of a franchise business, health care directives, living wills and mobile notaries. We’re seeking partners and licensees to join us us with this game changing service and look forward to working together well into the future – now available in all 50 States and over 60 Countries – Tomorrow’s Future Today! Take a look at this 90 second video: https://notarycam.com/how-it-works/



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Settleware® Partners with FormsRus

October 29th, 2012 No comments

Settleware® Partners with FormsRus

For Immediate Release

Electronic signature and e-Notary leader partners with formsRUs providing Settleware’s pioneering and patented e-Sign service to more than 100,000 real estate agent members.  Settleware streamlines cumbersome process by eliminating all associated paper-based friction and allows parties to securely process contracts and agreements in the Cloud-anytime and from anywhere.

October 29, 2012, Newport Beach, CA – Settleware Secure Services, Inc., the visionary electronic signature leader, announced today that it has partnered with formsRus.com, a leading provider of an online forms management system specializing in real estate associations, to bring its associations and members secure e-signature capabilities.

For over a decade, Settleware has been a pioneering leader in the area of electronic signatures. Based on patented secured technology, Settleware’s real-time signing solution fully automates contract execution – collapsing to minutes a cumbersome process that often takes days or weeks.

“We are thrilled about this partnership with formsRus.com,” stated C. Richard Triola, President & CEO of Settleware. “With their expertise and expansive footprint and, as purchasers of real estate become increasingly tech-savvy, industry professionals will need the tools to function in a fully electronic, compliant and paperless environment. FormsRus.com in conjunction with our on demand service provides this tool,” Rick continued.

The formsRus online forms management system provides users with the capability to create, manage, organize, work on, mark-up, share and store forms files electronically. With the addition of e-signature capabilities, formsRus.com users will be able to take a document from creation through execution and to final storage in an entirely electronic format – eliminating the need for paper.

Matt Maynard President of formsRus.com stated “ With our ongoing commitment to improving workflow and eliminating paper-based processes, Settleware was a logical and synergistic addition to the formsRus platform.” He went on to say “By licensing Settleware’s e-Sign platform and intellectual property, our customers will be able to further capitalize on the cost-savings and efficiencies derived from working in a truly electronic environment – well into the future.”

Real estate associations that have currently deployed formsRUs and their respective 100,000 member agents will have immediate access to Settleware’s electronic signature services.

About FormsRus.com

FormsRus.com, Inc., an Ohio corporation headquartered in Columbus, OH, provides innovative online document forms management solutions that help businesses reach their potential by putting all of their company/association forms securely online. This leads to businesses becoming more efficient, using less paper, and collaborating more effectively. More information about formsRus.com and the formsRus.com online forms management system is available at www.formsrus.com

About Settleware Secure Services, Inc.

Settleware® has been a pioneering leader in the area of e-signatures to the Real Estate and Mortgage Industry since 1999. Its patented secure electronic signature solution has been certified by County Recorders, Secretaries of State, MERS e-Registry and Fannie Mae – providing the only end-to-end transaction in a pure compliant, electronic and paperless environment. Cloud computing services reduces time frames and eliminates paper-based delays by enabling users of its technology to securely send, e-sign, return, track and e-Vault any contract and agreement requiring  signatures or initials. If you would like to learn more about Settleware, call 888.632.3833 or send an email to info@settleware.com. Join the discussion by subscribing to the Settleware’s blog at www.settleware.com/blog and become a Friend on Facebook.

 

Contact:

pr@settleware.com

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