Thank you for continuing to revolutionize the industry with eSign® as over 95% of all eligible AmTrust loans have closed electronically in 2009.
When you combine our leading eSign® technology with sound pre-closing planning (described below) eSign® closings have proven to be the fastest, greenest closing in industry. See our self-training videos for more information.
When you combine our leading eSign® technology with sound pre-closing planning (described below) eSign® closings have proven to be the fastest, greenest closing in industry. See our self-training videos for more information.
Important Advanced Planning Instructions
- To avoid confusion at the closing, Clients and or Closing Agents must advise the borrower, in advance of the closing, that they will be participating in an electronic mortgage closing.
- It is mandatory that the borrower(s) be given a choice, as required by law, to execute the signing of their Gemstone closing documents electronically or on paper.
- We also strongly recommend that you request the AmTrust Client to provide the borrower an advanced copy of the non-authoritative closing documents as this practice will be required by federal legislation (Regulation Z) next month.
- Clients, Closing Agents and Notaries must verify in advance of the closing that they will have access to a high speed internet “hot spot” or connection at the planned closing location.
- An alternative or “Plan B” location with high speed internet should also be identified. See Training Video: Hardware, Software and Setup.
- Clients, Closing Agents should verify that closers or notaries have viewed our self-training videos.
- For any eSign® questions, call AmTrust’s Mortgage Consulting Center at 888.321.6446 between 9-8 ET Monday-Friday.
| Update |
>> Effective immediately, Closing Agents or Notaries will no longer be able to print an authoritative paper copy of the closing package prior to an eSign® closing. Access to the authoritative paper copy will be unnecessary if the advanced planning instructions are followed. >> Closing Agents or Notaries who are unable to conduct an eSign® closing as planned must seek authorization to conduct a paper closing from the AmTrust Client first. >> The AmTrust Client must contact AmTrust to provide the Closing Agent or Notary Gemstone access to the authoritative paper copy. >> Authorization is required because the $250 Non-eSign® Usage Fee will be charged to the AmTrust Client for all eSign® eligible transactions that do not close using the eSign® process. |
Published 06.08.09
