HUD And FHA Begin Accepting eSignatures On Certain Mortgage Forms

SOURCE: Mortgage News Feed

On January 30, 2014, the U.S. Department of Housing and Urban Development ("HUD") issued Mortgage Letter ("ML") 2014-03, Electronic Signatures, announcing that the Fair Housing Administration ("FHA") will begin accepting electronic signatures, in lieu of handwritten signatures, on documents associated with mortgage loans. FHA will begin accepting electronic signatures immediately, provided that the mortgagee complies with the standards provided in ML 2014-03.

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