Posted by Larry/IL on 6/8/10 6:42am
Msg #340170

E-Sign help or comments

Has anyone had any luck or have any knowledge in regards to using an USB Tablet to capture signatures for an E-Signing? My Epad needs to be replaced and would appreciate and insight as to whether a E-tablet might work for signatures.

TIA

Reply by Grammyzoom on 6/8/10 7:33am
Msg #340173

I always hate to admit that there is something I know nothing about but this is something I know nothing about. Would you please explain to me and anyone else out there who does not know what this USB Tablet and E Tablet is.

We have done a lot of E-signings using our laptop and have never even heard of this terminology/ Thanks.

Reply by Larry/IL on 6/8/10 7:56am
Msg #340178

Hi, I sometimes have to use a E-Pad, ( sometimes called a signature pad, ID pad) to capture signatures to place on documents and affidavits. I need a replacement and was wondering if the E-Tablets would do the same thing, looks to me as if they might. i was hoping someone had some experience with the E-Tablets, G/B/U. I see you do some E-signing work, how do you have clients sign? Do you ever have to capture their actual signature?

Reply by MW/VA on 6/8/10 8:57am
Msg #340179

To date E-signings use an "electronic authorization", similar to filing taxes online. Even that hasn't become as popular as we first thought it might. IMO some of the platforms are a real PIA (Fiserv) and paper docs are still easier. E-signings allow the lender to fund the Note immediately.
I haven't seen anything that uses actual signatures. I also haven't gotten involved in e-notarization, which is a whole different area.

Reply by Grammyzoom on 6/8/10 9:13am
Msg #340181

We have done quite a few E-signings and aside from the printed documents (many of them), the borrower accepting the documents online constitues their signature. The way it works is this. The documents are available to view online on the lenders website. You need to have the passwords etc. to access these documents. The notary sits with the borrower(s) and goes through each and every document with them. EX: on the Note for instance you would point out the amount of the loan, the interest rate, first payment date, grace period and terms of payoff, etc. etc. The notary would then ask the borrower if they approve and are ready to sign the document. They then just click the mouse on the area that asks if they agree to sign the document. Once they click that they agree that constitues their signature on the document.

Reply by Shirley Koch on 6/8/10 2:41pm
Msg #340242

Which E-pad were you using?