Settleware ‘No Brainer’ blog

For a couple of Orange County (CA) residents Thanksgiving weekend just wasn’t what they were accustomed to. A Nevada grand jury indicted the couple in what appears to be the first criminal case filed connected to the nationwide ‘robo signing’ scandal. According to Jeff Collins, reporter with  the OC Register, ‘both are title officers who worked for the Jacksonville, FL mortgage servicing firm Lender Processing Service.”

The time is ripe for the  Lenders ‘C-Level’  Suite to step up, put a stake in the ground that these issues should never be tolerated – and move forward with an all-electronic and digital transaction – eliminating the associated fraud associated with human error, back-dating, white-out, cut and paste signatures, substitution of  false documents, etc. Secure ‘tamper-resistant’ document processing technology has been available for years – tested, live and certified (by all Industry participants/leadership-sans Lenders) - gurading against such ‘all-so-common’ instances of fraud and outrageous manipulation. The article further mentioned a Huffington Post quote from University of Minnesota law Professor Prentice Cox, a former Assistant State Attorney General, adding: ” When criminal prosecutions are done for robo-signing, I would hope the target of those prosecutions would be the people who designed the system and profited from it, not just the low level people doing what they were told.” Read More…

Newport Beach, CA (PRWEB) May 28, 2011

Settleware Secures Services. Inc., the pioneering electronic and digital signature leader has expanded its offering to small to medium sized business (SMB), ‘We’re excited to offer immediate ROI solutions to SMB’s and have enjoyed our partnership with Your Car Our Drive. Founder Josef Wojtkow continues to explode his business and we’re pleased to provide an integral component” says Rick Triola, President & CEO Settleware

“With the high cost of having a administrative staff, Settleware has been the perfect cost effective fit for Your Car Our Driver(YCOD). It has allowed us the freedom to concentrate on business development and not administrative by allowing Settleware’s technology platform to take care of all our client setup documents. We have many high profile clients and this platform has given our clients the peace of mind knowing the information that they give YCOD is securely stored. Additionally, with the high fraudulent credit card misuse, Settleware has given YCOD a backup plan that the client electronically authorized future charges with the IP signature solution. I highly recommend Settleware to any company desiring to save on administrative costs and to protect their confidential client information “stated Josef Wojtkow, CEO

In the US, almost 80 % of all employer firms have fewer than 10 employees and nearly 90% have fewer than 500 employees. These firms are the backbone of the American economy and account for half of the GDP and more than half of all employment. “Josef exemplifies the driving entrepreneur that has successfully identified a niche, solved the pain and capitalized on the opportunity. Saving time and money, more than 80% over traditional shipping costs, FedEx, UPS, USPS and couriers, is an absolute requirement for these companies to continue to strive, especially in these troubling times”, Triola continued

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FOR IMMEDIATE RELEASE ____________________________________________________________________________________

Settleware e-Signature Platform Expands Auditor Access to Escrow and Closing Industry

Settleware Secure Services, Inc. has been the ground-breaking electronic and digital signature leader since 1999.  The company recently unveiled a newly enhanced external ‘auditor’ feature which meets compliance standards and will help external auditors and examiners gain secure access.

Newport Beach, CA – MAY 17, 2011 – Settleware® Secure Services, Inc, the pioneering electronic signature and secure form workflow leader to the Real Estate, Escrow and Mortgage Industry today announced the release of an enhanced external ‘auditor’ feature. “Permission and rules based access to archived records to a secure e-vault satisfies a critical need for all escrow, settlement and closing agents in order to be compliant with state and federal regulations’ stated C. Richard Triola, President & CEO.

With more than 3 decades of real estate and escrow domain experience, Settleware (formerly ezEscrow.com) recognized that licensed escrow/settlement companies are required to complete financial audits every year to ensure compliance with State regulations and most licensed closing agents are subject to random, surprise examinations by the governing bodies.

“With the increased awareness that electronic signatures and electronic escrow will soon become the standard for all escrow and closing agents we needed to provide special roles and privileged access to not only State examiners but also independent CPA firms that need to review files and complete their audits. Granting these professionals secure access to view all digital and electronic files allows the Industry to readily adopt this “Game Changing’ and patented technology.

Featured in the best seller ‘Game Changers- Leading Entrepreneurs and How they are Changing the Game..’, (Amazon’ rated #1,  November 2010), Triola continued to describe how an e-Signature affixed to any/all contracts and agreements will become the standard, eliminating the ‘friction’ associated with paper, faxing, scanning and expensive overnight deliveries of agreements, and  urges all Escrow, Settlement and Closing Agents to explore not only the immediate benefits to all clients and  stakeholders but to also become stewards and drivers of good Corporate Social Responsibility. With the click of a mouse and zero carbon footprints it is not difficult to understand the impact on our environment for generations to come.

ABOUT SETTLEWARE

Created by a 30 year real estate and escrow veteran, Settleware Secure Services, Inc. has been spearheading the initiative to facilitate a complete electronic and paperless real estate escrow/mortgage transaction over the Internet. For more than a decade Settleware is recognized as the pioneering leader of e-Signatures, e-Notarization and e-Recording workflow to the Real Estate/Mortgage Industry and offers the Industry’s first and only fully electronic and paperless,  real estate escrow transaction over the Internet – from the initial purchase contract/ instructions to  selling the highest liability promissory e-Note to the Secondary Investor .  Settleware is  the only patented  e-Signature solution provider that has been certified by County Recorders (e-Recording), Secretaries of State (e-Notary), Fannie Mae (e-Notes) and MERS e-Registry (e-Vault), Wells Fargo (e-Disclosures) and One West Bank

To learn more how Settleware can partner to take your business to the next level contact us 888.632.3833 or visit us at www.settleware.com. Join the discussion by subscribing to the Settleware’s blog at www.settleware/blog and become a Friend on Facebook

Contact:

C. Richard Triola
Rick@settleware.com
2901. W. Coast Highway, Suite 200
Newport Beach, CA 92663
Direct 949.289.3299

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In a very important case the validity of e-Signatures was once again reaffirmed in Barwick vs. GEICO. To learn more about the ruling and validity of Electronic Signatures on Contracts and Agreements please read below:

After more than a decade of the passage of the e-Sign Act we’re pleased to announce that the Escrow/Settlement Industry is poised to adopt electronic signature technology into their paper intensive processes. In our recent Escrow Survey an overwhelming majority of respondents (67%) stated that they would be adding e-Signatures to their escrow workflow, contracts and agreements within the next 12 months.

Seems like the rapid acceptance and adoption of electronic signatures by real estate agents, buyers and sellers may be the primary cause for this recent change of priorities. Escrow officers and settlement/closing agents generally carry out the instructions from the principal parties and are not particularly known to be ‘early adopters’. Buyers/Sellers/Borrowers, who are becoming more comfortable with e-Signing upfront purchase and counter offers, instructions and agreements, will now be able to complete their transaction over the Internet (anytime, anyplace-even at the airport on their mobile phone) removing most, if not all, the friction associated with current paper-based processes. No paper, no faxing, no scanning, no expensive overnight FedEx or UPS shipping charges and most importantly, no more chasing down missing documents, pages or signatures!
Removing the stress for all parties, especially the overworked escrow officers and closing agents, will be very much appreciated!