When others don’t play nicely with your paperless transactions, at least digitize your signature so you can pop it into a doc, pdf it, email it and move on to other deals, taking a nap, organizing your sock drawer or hugging yourself for saving another tree!
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Brian Brady says:
This won’t surprise you, Lani. I can’t get my arms around the whole paperless loan.
November 27, 2007 — 6:30 pm
Benn says:
It will never happen, not in the near or very near future, anyway. Reading loan docs and contracts would become less frequent if at all because you can just sign with a click. Further, the complications that arise when servers fail would not be limited to delays in processing, entire title companies shut down, pushing back time sensitive contract executions, not to mention that many in all areas of the business such as inspectors, appraisers, and the like that hen peck keyboards, etc… yeah, that’s not two years away, that’s more like a generation.
I laugh every time I see a flashing digital clock on an appliance and realize there is a generation of folks that still need to call their grandkids for help dialing up on the inter’web’. Imagine that mess when shooting your hud-1 to Uncle Buck in Omaha who is selling his farm- he has no other use for the internet or those fancy weblogs, “whats a junk box?” I’m not being rude, I’m being realistic. I do use an electronic signiature, I’m fancy like that, but I’m not about to impose my need to be effecient on those who find the internet and technology to be complicated, intrusive, liberal, and overwhelming.
I’m willing and excited to elevate as companies elevate and it becomes a mandatory thing, but I am not about to say that because we aren’t paperless entirely that it makes us an extinct profession.
I’ll be happy when folks get the whole meaning of communication tools and why if you’re not using things like telephones and email to update those engaged in the transaction in a timely manor, you’re failing to simply communicate. I see more neglect of the tools we have for the tools of tomorrow and I’d like to see that curbed. I say we need to take a step back and actually utilize the tools we have now more effectively- that way, as new technology arrives, we’re practiced in the fundimentals of ‘communication’. jmo
November 27, 2007 — 8:42 pm
Brian Brady says:
Okay, practical question here. What, really, is a digital sig? Is it that scanned thing or a “secret code” ?
November 27, 2007 — 9:39 pm
Lane Bailey says:
Benn,
If I need to send ol’ Uncle Buck something, how should I do it? Fax? Email? Pony?
I can do any of that with a paperless doc (pdf). It might take me a few minutes to round up the Pony Express Rider… If Uncle Buck is in the office, I’ll print a copy up for him.
Personally, I don’t care if the whole transaction is paperless. I just want MY part of it to be. If the client wants paper… cool. Loan company… cool. Closing Attorney… cool. Me? I’m over it.
November 27, 2007 — 11:08 pm
Benn says:
Lane, I agree, but my thoughts are more directed at the perception that being paperless makes you somehow more advanced and more valuable. I totally agree personally with exactly what you said, however.
Brian, if you have no need to print a document and can simply insert your sig into a document and email, there’s no need to print, fax, or scan, just save and send, save it to your backup drive or cd or whatever filing device you have and move on. It’s great really.
How to go paperless in a title company is beyond my scope of knowledge, but while the idea seems a no brainer, I can totally see problems down the road. It will be a steady change and at the same time, it will virtually transform the lending industry with it. At least from my vantage point, it has been the title company that has always dictated how we communicate and handle documentation based on how the county, and or states advance and allow.
Btw, Lane, I say you send it pony, let me get my camera!
November 28, 2007 — 7:35 am