Ditch The Paper
When it comes to books, I love paper! Something about trying to relax and fall into another time or place while reading on a tablet just doesn’t feel right to me. My past text books are full of notes and highlighter. Maybe it’s because I spend 75% of my day reading emails, contracts, listings, disclosures, loan packages, etc on a screen. Maybe it’s because I can gift a book I loved to a friend knowing they will love it too.
When it comes to signing and storing, I hate paper! Years of personal and business tax returns, receipts, insurance docs, deeds, car titles, wills, medical docs… my file drawer, however well organized, is crammed with paper. With the average buyer closing package exceeding well over 100 pages, that’s a lot to file. And someone please tell me who wants to store legal sized docs!
Getting to the closing table with a stack of paper in front of you can feel daunting, intimidating, stressful. What are you signing? Will there be time to review? Will someone be able to answer your questions?
With E-Closings, buyers, borrowers and homeowners will get the chance to review documents ahead of closing! Lenders, attorneys, real estate agents will all have the opportunity to join and support their clients during the closing process!
It is understood that an E-Closing may not be the best option for every client, some just love putting pen to paper. However, clients are looking for a more convenient option especially when they are located out of reach of the property they are closing on. Technology continues to progress at an increasingly rapid rate. Professionals should consider evolving as consumer preferences change.
E-Closings will reduce the risk of fraud and closing delays, as well as increase efficiency and convenience for buyers and sellers. File boxes and drawers can finally take a break!