The growth of the e-signature market is continuing at a blistering pace, as more and more real estate professionals, MLS’ and REALTOR(R) Associations are adding eSigning as a “must have” feature to their real estate practice. Market leader Instanet Solutions announced today that it now serves 150,000 Authentisign subscribers, due in large part to exponential growth in the second half of 2011.
“We’re having more and more associations, large brokerages and MLS’ contact us about offering e-signatures as a member benefit,” confirmed Steve Mapes, VP of Sales and Marketing of Instanet Solutions, the parent company of Authentisign. “And it’s completely market-driven, because brokers and agents, as well as their customers, want to have the convenience and ease of e-signature solutions.” Most recently the company has added MRIS, Northwest MLS, REALTOR® Association of Ft. Lauderdale, Long & Foster, and Northstar MLS to their Authentisign client roster and is working to finalize deals in other parts of North America.
Authentisign allows its members and their buyers or sellers to log into a secured website using a specially created identity to access and review contract documents. They then simply click to sign the document where required and as prompted by email notifications and “invitations.” After the document routing is complete and every participant has signed where indicated, all parties receive a final electronic copy of the document with all required signatures.
“What makes Authentisign unique is that it can be completely integrated with the online real estate forms and contracts for the given area,” continued Mapes. “If an agent is using our forms tool, Instanet Forms, they don’t have to create new signing blocks every time they start a new transaction. Using Authentisign’s unique auto-fill template feature there is no faster way to create, distribute and esign documents, anywhere. And, our pricing model is very affordable, especially at the enterprise level. For one low price, our clients can access unlimited esignings for an entire year, and not be charged for extra signings, technical support, or anything else. It is completely all-inclusive.”
President & CEO Martin Scrocchi added, “Ultimately, it’s the agents and homeowners that are driving the market. “Consider the alternative. Do you really want to set up a specific time to meet and then drive all over town to sign documents that you can just as easily sign online? How many schedules do you need to coordinate? It’s a huge convenience that consumers want. Everyone knows they have to sign documents in a real estate transaction, but being able to do so from the convenience of a home or office computer makes it that much easier.”
Esigning is FHA-approved and ESIGN-compliant. Electronic signatures have been allowed since 2000 when Congress enacted the Electronic Signatures in Global and National Commerce Act (“ESIGN”).
What does the future hold for esigning? “We’re looking at a very robust 2012,” Scrocchi continued. “We’ve got some big announcements coming this week. We’re going to be attending the National Association of REALTOR® conference and Expo in Anaheim from November 10-14. You can visit us at booth #725.”
Instanet Solutions (http://www.instanetsolutions.com), a leading provider of real estate technology, has approximately 390,000 licensed, paid, user accounts of its various real estate focused products. The company, based in London, Ontario, began delivering residential real estate technology in 1992. For more information on Authentisign, please visit http://Authentisign.com.