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Posted by  JanetK_CA on 3/4/18 12:33am
I'm not a techie so I don't have any specific recommendations, but just a precautionary heads-up for you... Naturally, there are usually two sides to being an "early adopter". On one hand, being among the first to be tooled up, trained and ready can have obvious advantages. However, the downside risk is that there don't appear to be any accepted standards yet for equipment (or software) for e-signings. That might include things like signature pads.
Technologically, we're much further along than things were the last time there was lots of discussion about e-signings (which faded out of fashion pretty quickly). However, it may still be a good while longer before we see them rolling out again in any significant numbers, Pavaso notwithstanding. Is anyone actually doing them yet?
Years ago, lots of people got burned with investments in Enjoa (an attempt at electronic journals) and with investments in data cards (before cell phones could be used as hotspots and before 'unlimited' data plans) with Flagstar and the other company (Amstrust??) that tried e-signings whenever that was years back. Who knows what tech might be right around the corner.
One cringe-worthy possibility is that certain entities who are heavily promoting it, will be successful getting remote notarizations accepted and completely bypass us 'remote closers'. If so, they could bring a large share of the entire loan closing market in-house into centrally located call-center-like operations, with all the resources required, managed in one place with their own in-house notary employees. There appears to be lots of money behind this effort. We can only hope it fails!
I'd say if you just need new equipment anyway, go for it. If not, it doesn't hurt to have your eyes open as you decide how much to spend and on what. But I guess that's why you posted here to begin with.  I hope someone else will have more specifics for you than I can offer... Best of luck!
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