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…

Thinking about adding secure and efficient e-Signatures to your current
workflow? Well, quite bluntly, not all vendors offering e-Sign solutions are
the same. Just this week we heard of a REALTOR® that ‘grabbed’ an tablet e-Sign
app off the Internet and actually used this tool on a real estate transaction. When asked about levels of security, tamper evident audit trails, non-repudiation and lenders, Fannie Mae, County Recorders acceptance, etc., blank stare – huh?

As electronic and digital signatures affixed to contracts and agreements continue to gain adoption, seems like everyone is now  jumping on the bandwagon. We also read where a Mortgage vendor,  now claiming expertise, is offering this solution for Free, huh? Same compliance questions – who has certified or willing to accept these as binding?

When it comes to Real Estate and Mortgages, our 30 year old domain experience has advanced our vision for a complete digital, electronic and paperless real estate and mortgage transaction over the Internet. Having collaborated with Industry experts and pioneers for complete ‘buy-in’ we now enjoy at least a 4-5 year head start  and provide the Industry’s  ‘Holy Grail’ - a pure electronic end-to-end solution – from opening to closing (and beyond).

In another example, the real estate promissory note is probably the highest liability document any consumer will ever sign (representing the asset and in some residential markets that could translate to a $ 10 million or more risk) yet many so called e-Signed experts have not even approached, no less been certified by, the required compliance agencies, huh?

Not all e-Sign vendors are alike – ask the questions.

FOR IMMEDIATE RELEASE ____________________________________________________________________________________

WILKES COUNTY ASSOCIATION OF REALTORS® ‘INKS’ DEAL WITH SETTLEWARE®

Innovative ‘Pay As You Go’ e-Signing Benefits All Real Estate Association Members

North Wilkesboro, NC  - August 8, 2011  – Settleware Secure Services, Inc., the pioneering e-Sign leader to the Real Estate Industry, is pleased to announce that Wilkes County Association of REALTORS® (WCAR) has licensed both its innovative e-Signature technology and US patent for the benefit of all WCAR members.

“We are pleased to partner with Wilkes County Association of REALTORS® and its’ visionary leadership to provide relevant e-Signing technology to all Association members, enabling each member to take their business to the next level” says 30 year real estate veteran and Settleware President & CEO, C. Richard Triola

“The Wilkes County Association of REALTORS® is proud to add Settleware e-Signing as a membership benefit to our REALTOR® members.  e-Signing is a safe, quick method of signing documents that will assist our agents and clients with their transactions.  Providing Settleware e-Signing as part of our Wilkes County Association of REALTORS®  membership,  not only enhances the professionalism of our members, but also provides their clients with a secure, fast method of signing documents ” stated Viva Aldrich, Executive Officer, Wilkes County Association of REALTORS®.

Over the past decade Settleware has been leading the charge to deliver the first and only real estate electronic and paperless transaction – from opening to closing – completely over the Internet. “We realize there were several choices available and appreciate the Wilkes County Board’s extensive due diligence and selection of our unparalleled e-Signing service, expertise and offering,” Triola continued.

“We fully understand these trying times and the challenges that our real estate colleagues face on a daily basis. With this offering, no Agent will be left behind and all will have the immediate benefit of processing legally binding, compliant documents in real time – more efficiently meeting critical time frames and eliminating the heavy paper use they currently experience with each and every transaction.  It’s hard enough these days to close a transaction without having to chase documents and signatures not only across the county, but also to clients who live out of town, out of state, or may be away on vacation or business.  With technology such as Settleware e-Sign, the business of buying and selling real estate continues as easily as it would if all parties were sitting together in the same room” continued Aldrich.

 ABOUT SETTLEWARE

Created by REALTORS® Settleware Secure Services, Inc. has been spearheading the initiative to facilitate a complete electronic and paperless real estate transaction over the Internet since 1999.  Today, Settleware is the leading provider of e-Signatures, e-Notarization and e-Recording workflow to the Real Estate/Mortgage Industry and offers the Nations first and only patented and complete electronic real estate/ mortgage transaction, from the initial purchase offer contract – to Escrow/Settlement – to the County Recorder – to the Secondary Investor.  Settleware has served as the catalyst for a pure end–to-end pure electronic and paperless real estate/escrow transaction, spending years collaborating with Industry pioneers and experts to gain Industry wide ‘buy-in’. Settleware is the first and only e-Sign 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. (e-REO)

The company offers a secure signing solution that provides document tamper sealing, roles and permissions access and secure digital encryption algorithms that can authenticate the source of a digital signature as “valid” while providing one of the Industry’s first certified e-Vaults. The company’s innovative and patented software, offered as a service subscription-based model (SaaS), seamlessly connects all participants and contracts in the real estate/escrow/mortgage transaction. Settleware is offered through MLS, REALTOR® Associations and Broker-owned companies to benefit over 1 million members nationwide. To learn more how Settleware can take your business to the next level call 888.632.3833, email info@settleware.com or visit www.settleware.com.  Join the discussion by subscribing to the Settleware’s blog at www.settleware.com/blog and become a Friend on Facebook.

 ABOUT WILKES COUNTY ASSOCIATION OF REALTORS®

The Wilkes County Association of REALTORS^® strives to be the premier trade association dedicated to the professional development of its membership.

The purpose of the Wilkes County Association of REALTORS^® is to encourage professionalism through information and resources to better develop, support, protect and guide both members and clients.  This is the result of innovative programs, locally focused services and advocacy for ethical business practices and individual property rights for all Wilkes County citizens. WCAR is constantly striving to set the bar on high quality care and attention to detail in each and every real estate transaction.  If you decide to be a Buyer or Seller here in Wilkes County, WCAR members take very seriously their role in assisting you with your real estate property needs.  For more information, please visit www.wilkescountync.com.

Contact:

C. Richard Triola                                                                                 Viva Aldrich

Rick@settleware.com                                                                         wcar@wilkescountync.com

2901. W. Coast Highway, Suite 200                                                     717 Main Street

Newport Beach, CA 92663                                                                   North Wilkesboro, NC 28659

949.289.3299                                                                                      336.667.9331

Visionary electronic and digital signature leader offers first patent pending and automated ‘Pay As You Go’ virtual signing station, ZapSign. Now anyone can electronically sign contracts and agreements in minutes, from anywhere to anywhere, without any contractual commitments like similar services require.

Sign up for FREE Membership Today www.zapsign.com

Read More:

http://www.prweb.com/releases/2011/6/prweb

Out of town at a conference today and had the chance to scour the USA Today-seems like I only get to do this when I trip over it while traveling..Anyway, I was amazed at what I found in the headlines and quotes as I traversed the business section:

• Amazon Sells More eBooks than Print
• Linked In Shares Soar On First Day of Trading
• Investors are Willing to Take Chances on Up and Coming Companies
• Businesses Struggle as Shipping Costs Rise
• Some Change Driving Habits as Pain Hits Those Who Can Least Afford it
• Gas Prices Pushes Some Consumers to the Edge
• “It’s painful, it erodes my profits and I’m concerned about the potential for growth”
• “If I can ship the same product, reduce shipping costs, reduce shipping costs and the carbon footprint thing by not using so much fuel that would be huge”
• “Over the next four years we could see $185-$200 a barrel of oil, which translates to a gallon price of $6.00″

Could this provide the catalyst and create the tipping point for e-Signature adoption?  It’s made sense to us for more than a decade!