The new frontier in the settlement services and mortgage industries is in the world of paperless technology and processes. A patent was awarded to Settleware Secure Services that adds another potential tool to the trade. The patent in question is for a new e-signing technology Settleware wants to introduce to the market.
Settleware bills its e-signing technology as the first and only end-to-end real estate solution that enables any party involved in a transaction to use electronic and digital signatures to sign documents seamlessly and securely at any time online. It is a commercial solution certified by the real estate and mortgage industry, including lenders, secretaries of state, county recorders, MERS eRegistry and Fannie Mae.
With Settleware’s e-signing technology, users do not have to chase down signatures or worry about missing pages. Documents protected by Settleware are 100 percent compliant and tamper-sealed to guarantee integrity and confidentiality.
“After working in the real estate industry for three decades, I saw that there was a need to streamline real estate and mortgage transactions,” said Rick Triola, founder and chief executive officer of Settleware. “I knew there had to be a better way to conduct business, and Settleware is proud to provide that solution. This announcement is proof of the novelty of Settlware’s e-signing technology. It is a game-changer because it solves the problem of paper and eliminates the associated stress inherent with typically the largest purchase most consumers would ever make in their lifetime. 'Pen on paper' will soon be a thing of the past.”