Posted by ToniK on 7/27/07 5:45pm
Msg #202340

Have you of you thought about this?

I had quite a few borrowers ask me if I could place their copy of their documents on cd rather than paper. Some even ask if I can email them the attachments I recieve rather than having to print it out and clutter their house with more paper plus they would like to look over them before I come out there. Have anyone done this? Is this a viable method? I havent done it but I'm actually considering it per the BO request. I notice the younger generations request this ie 25-55 and the Seniors would rather keep it on paper, unless thier computer savvy like my grandfather.

Reply by MaggieMae_CA on 7/27/07 5:49pm
Msg #202341

I've seen this idea before. The advantage to printing out a second set of docs is that if there's a mistake made, you have a spare to use. Another thing to remember is that with refinances you need to leave two copies per borrower of the RTC. No problem with having a CD for the client, but cover yourself and make sure you print out the RTCs.

Reply by Becca_FL on 7/27/07 6:49pm
Msg #202347

I love the idea and do provide my investor clients a disc with their copy package. I wish more TCs & SSs would allow the practice instead of requiring a paper copy package. I know many borrowers would prefer it.

Reply by VBNotaryVA on 7/27/07 7:09pm
Msg #202351

I bring the pdf files on a usb flash drive and if they want them I'll transfer them to their computer. (making sure there are no files they shouldn't have)

Reply by Gerry_VT on 7/27/07 9:21pm
Msg #202387

The federal E-SIGN law creates tricky requirements when a person is provided electronic records rather than paper records, if there is a legal requirement to provide the records. I don't know which records are legally required. I would not attempt to comply with the E-SIGN law, in part because I don't know how, and in part because I don't think its my decision to make (nor is it the borrower's exclusive decision). It would have to be agreed to by all parties (lender, borrower, maybe title company, maybe others too).