How eSign and Digital Signatures Work
Key Takeaways
- You do not prove who you are with a pen here, but by way of a direct link to the documents or through an account login, which is how the signer gets confirmed, and that manner of delivery is what leaves you more time to review the loan documents than a signature cycle waiting on a fax machine or the mail would, with the reading done in the comfort of your own home.
- The signature authenticates the electronic document, whatever kind of file it happens to be, and shows that nothing in that document has been modified since it was created; because records produced this way qualify as valid instruments under the law, carrying the equivalent validity of written documents, a borrower can sign a loan document online and a company like American Financing can run the paperwork of a home loan without paper at all.
- Ask the lender handling your loan whether it is possible for you to eSign the documents rather than print and post them back, since that is worth establishing early rather than assuming it will be on offer, and where the answer is yes, the finalizing of an agreement comes down to a click, which is what makes the home loan process easier and faster for the borrower doing the signing.
- If you happen to be out of town when the documents need signing, the paperwork can still reach you one way or another, since a package can be mailed out to wherever you are, and a mortgage consultant from American Financing can come to your home instead when circumstances may prevent you from leaving it, while an in-person conversation, held in confidence at the corporate office, remains available in Colorado only.
What is eSign?
eSign is a secure digital signature that allows an electronic document (e-mail, spreadsheet, text file, pdf, etc.) to be authenticated while ensuring there have been no modifications to the document since its creation. These electronic records qualify as valid instruments under the law, and they have the equivalent validity of written documents. This method allows many companies like American Financing to go paperless!
This technology enables borrowers and loan applicants to sign documents online, making the home loan process much easier, faster, and more secure. Ask your lender if it's possible for you to eSign loan documents.
Benefits of electronic signatures
This process avoids lengthy signature cycles due to faxing or mailing. When an agreement is finalized, an electronic signature or e-signature is only a click away. Because the signer is confirmed by way of a direct link to documents or through an account login, it's more secure than handling paper. Plus, you have more time to review the documents with such efficient delivery - and you can even do so in the comfort of your own home.
Alternate loan document delivery methods
In-home
At American Financing we understand there are circumstances which may prevent you from leaving your home. Our mortgage consultants are happy to accommodate and relieve any stress by simply coming to you.
Meet in our office
Colorado only. Come to our Corporate Office and talk with a Mortgage Consultant in confidentiality. We are conveniently located off of I-225 and Parker Road; 3045 S Parker Rd #100, Aurora, CO 80014.
Mail out
Perhaps you are out of town and would like to have your information mailed to you. American Financing is here to help.
Start your home purchase or refinance today. Contact American Financing at (800) 910-4055, or complete the online application and let our expert team guide you through the mortgage process.
