Anyone who has ever bought or sold a home knows what a laborious, slow, manual process it is: endless faxes back and forth and so many signatures that your hand aches. That’s why the news that Freddie Mac is now accepting e-signatures is such a big deal. I know our customers in real estate will be ecstatic to hear this news, and it’s also another example that on-line signatures are becoming more mainstream.
Effective immediately, real estate professionals and home buyers may use e-signatures on all major Freddie Mac home loan documents. EchoSign is already widely used throughout the real estate industry, so this latest news will further move e-signatures into the mainstream — and make the mortgage application process much faster and less painful (literally).