With today’s demanding schedules, it can be challenging to coordinate an exact time, date and place for your customers to sign their loan documents – whether it’s in-person with a notary or with a notary over the phone.
What if your customers could sign their loan documents whenever they wanted to, even at 2 in the morning – in pajamas? Now your customers will be able to decide when and where they want to sign, with absolute freedom and privacy, through our secured WebSigning™ application. And, if control really is your goal, WebSigning™ can be customized to schedule the approval to occur on a specific date – at your discretion.
WebSigning™ allows your customers to review and approve loan documents electronically, either all at once or in multiple sessions, with a countdown reminder to keep closings on schedule. WebSigning™ is also the perfect solution for rush or re-draw situations. When time is a critical factor, new loan documents can be indexed and uploaded for the customer’s approval within minutes!
At the beginning of the transaction, ask your customers if they would like to sign their Equity or Refinance loan documents over the internet – using WebSigning.™
After the title/settlement order is placed, each customer receives a WebSigning™ package* with their personal password and a limited Power of Attorney form.
Your customer can quickly sign the one-page Limited Power of Attorney with their favorite local notary (at the customer’s cost) or we can send our Signature Services notary to their home or office at no additional charge.
The one-page Limited Power of Attorney is returned to us in a pre-addressed envelope.
When the loan documents are ready for viewing, your customer will log into the secured website with their personal password and review the loan documents on their computer screen.
Once the customer agrees to all of the loan documents electronically, we notify you for loan funding and prepare the signed documents for recording and post-closing.
Your customer can print a specially-marked copy of the loan documents to their computer files or printer, for up to 30 days after.
* WebSigning™ is currently limited to owner-occupied properties so the WebSigning™ package can only be shipped to the property address provided on the title/settlement order. Loans with vesting changes are excluded at this time. WebSigning™ is available in all states where an Attorney signing is not required.
Benefits
Customers can review and approve loan documents 24/7, at the privacy of their computer
No special equipment or software required – just web access through an internet provider
Reduces or eliminates funding delays caused by common signing issues– like missed signatures
Secured, encrypted Web site so that each customer reviews only his or her loan documents
Intuitive, user-friendly Web site where customers are led through each step – no training needed
WebSigning™ Support team with toll-free number, available at extended business hours
Electronic or “wet signature” documents can be available for your Post-Closing department
About the Limited Power of Attorney
The Limited Power of Attorney is a one-page document that – if signed and notarized at the beginning of the transaction - allows us to sign selected loan documents on behalf of the customer in the same form that the customer approves online.
This is a special Power of Attorney that is limited only to First American and only for the processing of this one transaction. The Limited Power of Attorney does not and cannot affect the customer’s ownership of the property.
All parties to the loan must sign the Limited Power of Attorney to proceed with WebSigning™.
We also offer a high-quality mobile notary service for a more traditional signing – available to any customers who aren’t completely comfortable with the WebSigning™ process.