We’re proud to announce that our pioneering e-Signature solution to the real estate and mortgage Industry is compliant with Bank of America rules and guidelines. For more specifics please review BOA’s guidelines:
Settleware Secure Services, Inc., a pioneer of the e-signing industry, was recently awarded a patent for its paperless real estate and mortgage transaction technology.
NEWPORT BEACH, CA, June 25, 2012—On June 19, the U.S. Patent and Trademark Office expanded Settleware Secure Services, Inc’s. Patent portfolio by awarding the company patent No. 8,204,807 relating to its innovative e-signing technology.
Settleware’s e-signing technology is the first and only end-to-end real estate solution that enables any party involved in a transaction to use electronic and digital signatures to sign documents seamlessly and securely at any time online. It is also the only commercial solution certified by the real estate and mortgage industry, including lenders, secretaries of state, county recorders, MERS eRegistry and Fannie Mae.
Settleware’s technology continues the advancement of paperless technology and transactions throughout various market segments including the real estate and mortgage industries.
With Settleware’s e-signing technology, users do not have to chase down signatures or worry about missing pages. Documents protected by Settleware are 100 percent compliant and tamper sealed to guarantee integrity and confidentiality.
Service providers such as mortgage lenders, real estate agents, escrow settlement agents, and notaries save time and money with the help of Settleware’s e-signing process. They will not misfile, need to re-key or have to track down missing signatures, initials or pages.
“After working in the real estate industry for three decades, I saw that there was a need to streamline real estate and mortgage transactions,” said Rick Triola, founder and CEO of Settleware. “I knew there had to be a better way to conduct business, and Settleware is proud to provide that solution. This announcement is proof of the novelty of Settlware’s e-signing technology. It is a game-changer because it solves the problem of paper and eliminates the associated stress inherent with typically the largest purchase most consumers would ever make in their lifetime. ‘Pen on paper’ will soon be a thing of the past.”
About Settleware Secure Services, Inc.
Settleware has been known as the pioneer and expert e-signing business for the real estate and mortgage industries for more than a decade. Its multi-patented technology enables paperless transactions between numerous parties and protects all documents involved in the electronic process, ensuring security and confidentiality. For more information, call 888-632-3833 or visit www.settleware.com.
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It’s hard to believe that after more than a decade of the passage the Federal E-Sign Act (June 2000) we are still reeling from headlines like this:
More foreclosure irregularities alleged in Maryland
Former law firm employee says over 1,000 deeds were recorded with false signatures
(Read Full Article)
You have to wonder what else it would take for the Industry to adopt secure and compliant electronic signatures, records, contracts, agreements and processing? ‘Robo-Signing’, backdating and manipulative notarizations, people falsely ‘wet’ paper signing as imposters, etc.-astounding!
Now is the time for all good lenders, servicers and investors to reduce the ‘human error’ factor and protect all parties involved in one of the largest transactions anyone will make in their lifetime. identity verification, authentication, Tamper sealing, document integrity, secure e-Vaulting, etc. No longer an experiment – the time is now to stop the Madness!
“Prosecutors allege that corners may have been cut, signatures forged, documents backdated and/or lost……valuable Promissory notes missing, Robo Signers….” according to ‘Shredding the Dream‘ article appearing in Bloomberg - You must be kidding , right?
Does this finally bring us to the tipping point to fully engage e-Mortgages? As defined by the Mortgage Bankers Association (MBA) an “e-Mortgage is one that starts electronic and ends electronic”- read NO Human hands on a piece of paper. Settleware’s definition also includes ‘Compliance, Compliance, Compliance’! By integrating our secure e-Signature workflow into the mortgage process, including e-Disclosures, e-Notary, e-Recording, e-Vault and e-Notes, documents are prepared, reviewed and signed in a pure safe and secure environment. Once parties are authenticated documents are e-Signed , locked down/tamper proofed, and can no longer be manipulated. No missing documents, pages, signatures or initials and all information is 100% legible-No Faxing and No Scanning. Documents are then securely stored in an e-Vault along with a tamper resistant audit trail for safe harbor and accessible only to those with proper credentials and permissions.
Now is the time for all good men…..to remove the paper friction and eliminate these issues clouding the market – all parties would welcome this relevant technology, especially the courts!
Brought to you by: Settleware e-Signing
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