How to use electronic signatures for your loan documents.
Get answers to some of your e-signature questions.
Ultimately, your lender oversees how your loan is issued — whether that’s the traditional paperwork you review and sign in ink, or a digital suite of documents that you can review and sign on your computer or tablet. That said, as more banks and financial institutions go digital, you may already be getting much of your loan paperwork online. Learn more about how electronic signatures work for the next time you need to complete loan paperwork.
What you need to know about electronic signatures.
- Are electronic signatures legally valid? Yes. The federal Electronic Signatures in Global and National Commerce Act (ESIGN) and the Uniform Electronic Transactions Act (UETA) place electronic signatures on the same legal footing as hard-copy signatures.
- How do I sign electronically? Your lender will create and send electronic loan documents to your email through a secure platform. You simply click the link specified and sign away. You can retain a copy for your own records.
- Are electronic signatures secure? Though it may seem daunting, digital signatures can actually be more secure than paper ones. Digital documents are harder to lose than paper ones. They’ll leave you with an easy-to-track online document trail that you can organize, copy, and export — no expensive filing cabinets or elaborate filing systems required.
- Do I have to use e-signatures? No. Your lender must obtain your consent before conducting an electronic transaction. Consult legal expertise for more information.
Organize your forms.
Learn more about how to use e-signatures for all your financial needs — and how Acrobat Pro DC with e-sign can help you keep all your forms in one, secure place.