Today, April 8, 2010, e-signed third-party documents, including real estate contracts, are now being accepted by the Federal Housing Administration with the issuance of today’s mortgagee letter.

This mortgagee letter is the first in what is expected to be a series of responses to this initiative. With this policy statement from the nation’s largest mortgage insurer, 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 on HUD.GOV website.

This is a great time for eCommerce and real estate in particular. Those of you who have been skeptical to jump on the electronic signature bandwagon because of the stories you have heard from fellow agents, you can now feel assured that you will have no more problems with lenders and acceptance of your real estate transactions where you have used electronic signatures and in particular DocuSign.

DocuSign began direct conversations on this issue back in October of 2008, and we shared this blog post about FHA and Lender Acceptance of electronic signature back in July 2009. For those of you who may have heard, last fall DocuSign spearheaded an industry-wide effort to move the FHA to formally recognize e-signed third-party documents.

- Excerpts of article emailed to us from DocuSign

About DocuSign »

DocuSign is the fastest way to get a signature. With DocuSign, you can send your real estate and broker forms for electronic signature in a flash. Use your current form creation process in combination with DocuSign’s ability to electronically mark up the document with familiar yellow signature tabs and send notifications via email.

Simply indicate where, on the document you want your clients to sign and enter the email address you would like the notification sent to – that’s it!