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Ryan Smith, Real Estate Pro in Murrieta, CA

Fannie Mae agents, will Fannie reject an offer that you submit into the homepath system just because it has electronic signatures?

Asked by Ryan Smith, Murrieta, CA Tue Apr 10, 2012

I know they don't accept them but they always re type the addendums anyway once they accept the offer so I don't think it hurts to submit it with electronic signatures just to get an offer in. However I don't want my clients offer to get reject just because we use electronic signatures.

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Thanks for posting Greg! I run into this issue with digital signatures and lenders from time to time. I usually have the buyer/seller sign the purchase agreement with live signatures with loan docs. I still think digital signatures are a great way to start the process.
0 votes Thank Flag Link Wed Apr 11, 2012
Just FYI many lenders are moving away from digital signatures. With so many issues with compliance that are most likely looking to insure saleable loans to the secondary.
1 vote Thank Flag Link Wed Apr 11, 2012
Fannie Mae announced today that they will now accept electronic signatures. We shall see.
This is great news for me. Wish I had seen it this morning. It would have saved me an hour of paper shuggling
0 votes Thank Flag Link Wed Oct 24, 2012
Jim Walker, Real Estate Pro in Carmichael, CA
Per Sonya Feigen who is a Fannie agent, no digital signatures anymore. FYI
0 votes Thank Flag Link Wed Apr 11, 2012
Great question! I'm not a Fannie agent, but in my experience digital signatures will not cause your offer to be rejected. I've had deals accepted on Fannie homes with digital signatures, but will need to get live signatures on the final addendum and contract.

I think digital signatures are extremely convenient, especially for those clients that do not live close.
0 votes Thank Flag Link Wed Apr 11, 2012
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