October 31, 2006 - Document Systems Inc., Carson, Calif., a developer of mortgage technology for compliant loan document preparation and customer contact management, reports a "marked increase" in the number of mortgage lenders seriously exploring electronic signatures in 2006.
According to Terry Van Bibber, president of Safedocs, "the industry will see mainstream adoption of e-signatures in 2007."
DSI and Safedocs have an existing alliance through which the companies have been providing digital document work flow solutions and fully electronic mortgage closing packages to lenders for more than a year. Van Bibber has been retained by DSI to consult with the company and its in-house legal compliance department on electronic signatures.
"There is a great deal of piloting going on right now," Van Bibber said. "People are testing the waters. The number of lenders that are now in conversations about moving into electronic signatures has increased tenfold over this time one year ago. This convinces us that the industry will see mainstream adoption of electronic signatures in 2007."
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