Tuesday, April 13, 2010

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DocuSign, a leader in on-demand electronic signature solutions, announced
e-signed third-party documents, including real estate contracts, are now
being accepted by the Federal Housing Administration (FHA). DocuSign
spearheaded an industry-wide effort to move the FHA to formally recognize
e-signed third-party documents. The April 8, 2010 dated FHA mortgagee letter
is the first in what is expected to be a series of responses to this
initiative. With this policy statement from one of the nation's largest
mortgage insurers, real estate professionals can use DocuSign to get real
estate contracts, addenda and other documents signed electronically, and
their buyers can apply for FHA insurance with confidence. The FHA mortgagee
letter can be found at
http://ping.fm/7bKf1

"We commend FHA's action. By clarifying its position on electronic
signatures, the process of buying, selling and financing of homes across the
country will be greatly improved," said Ken Moyle, chief legal officer at
DocuSign. "Buyers, sellers and agents can use DocuSign's online process to
eliminate the time, expense and environmental impact of printing, delivering
and signing large stacks of paper documents, and mortgage lenders can take
comfort in knowing that DocuSign's e-signature process is designed for legal
compliance in all 50 states and is fully evidenced by a comprehensive audit
trail."

Real estate agents can quickly access the DocuSign e-signing service from
any laptop with Internet access, drag and drop familiar yellow StickEtabs
onto the contract and send the envelope. The recipient immediately receives
an e-mail notification that can be accessed through a computer or any
Web-enabled mobile device, including Apple iPhone, RIM BlackBerry, Google
Android or Windows Mobile, then adopts an e-signature and signs the
document. Once completed, an e-mail notification is sent to all parties with
a link to the final executed document. The result is a legally binding,
fully ESIGN-compliant document supported by a comprehensive audit trail.

As on-demand software-as-a-service (SaaS), DocuSign requires no additional
software or hardware purchases and no downtime for training. DocuSign
eSignature service offers users one of the easiest, most simple to use and
safest electronic signature experiences available today.

For more information, visit www.docusign.com.

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