More than 100,000 professionals in the mortgage, finance, agent, appraisal, and inspection fields currently utilize a la mode's desktop and server-side applications to complete various aspects of nearly 50% of all real estate transactions.
The deployment of appraisal and agent versions of SureDocs, on the heels of FHA's confirmation that it now considers e-signatures on third party non-lender documents to be just as valid as previous "wet ink" paper signatures, is a huge step forward in truly creating paperless loans with all of the documents being "first generation" electronic files.
As Dave Biggers, a la mode's chairman noted, "Many of the supposedly paperless loan files out there are full of scanned copies of traditional paper documents. That's both environmentally and financially expensive. With SureDocs, signatures are applied on screen to purely digital documents, which don't need to be printed unless the user needs it. It's better all around."
As an added improvement over old analog processes, the identity of those signing the documents is independently verified and the document custody chain is tracked and documented using an audit file hosted on a la mode's servers. Any attempt at forging identities, or making fraudulent changes to appraisals, contracts, property condition disclosures, loan files, or any other SureDocs-signed document, is easily tracked and verified using a secure web browser. Documents are also transmitted to parties using secure GLB-compliant multi-layer protocols.
