Webinar – eSignatures and compliance – bullish on eSignature adoption
A group of over 200 webinar attendees showed themselves bullish about eSignatures at a webinar discussing electronic signature legal issues.
The webinar addressed the legal background for eSignatures and electronic records in general for mortgage lending. Margo Tank, counsel for Electronic Signature and Records Association (ESRA) as well as a leading eCommerce lawyer and partner at financial services law firm BuckleySander LLC, talked about best practices for incorporating electronic records throughout the life of a mortgage loan.
During the webinar, the attendees we asked to respond to a live poll about their expectations for customer adoption of eSignatures in 2015. Nearly two out of three attendees, representing managers, loan officers, risk managers, underwriters, quality control and other roles, said they expect 60% or higher adoption rates. (see graphic)
Tank was joined by our own Jeff Knott, the Assistant Vice President of Product Management at Equifax Verification Services who is serving as ESRA Chairman in 2015. Jeff discussed the power of eSignatures and electronic records as an aid in achieving compliance in mortgage lending.
If you view the complete recording with slides, you’ll hear Jeff and Margo discuss such best practice areas as validating identity, getting consent for electronic documents, demonstrating the document made it into the correct hands, and making sure the eSigned document is tamper-evident.
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