Form Simplicity security enhancements meet guidelines for electronically signed documents often required by major banks and lenders.
Form Simplicity has added Knowledge Based Authentication (KBA) and password-per-signer features to its eSign tool, powered by GoPaperless. Real estate professionals who may have previously hesitated to use electronic signatures for REO and short sale transactions now have the electronic signature security capabilities in Form Simplicity to meet strict electronic signature requirements set in place by banks and lenders.
Tricia Stamper, Director of Technology Products at Florida Realtors®, states, “We are pleased to announce these new eSign enhancements available to Form Simplicity users around the country. We continue to provide users with the most advanced transaction and forms management tools they need and want.”
Knowledge-Based Authentication (KBA) is an advanced identity validation method to authenticate a user/signer by asking random questions selected from public and commercial information related exclusively to the signer. KBA is often a requirement by major banks and lenders to accept electronically signed documents for REO and short sale transactions. KBA is an optional feature in Form Simplicity’s eSign product.
Password per signer – While Form Simplicity still offers an optional session password feature; it now additionally offers the option to give individual signers a password. If a signer password is chosen, it will override the session password.
Form Simplicity has integrated the options to use KBA and per-signer passwords into the current flow of its Ultimate Edition. Form Simplicity’s eSign tool meets all of the published Bank of America electronic signature requirements.
The update release also includes new HTML formatted email templates, which are more user and device-friendly, and various enhancements to the application and UI.
About Form Simplicity
Form Simplicity serves the real estate industry by providing REALTORS® with an end-to-end, online real estate transaction management software for expediting real estate transactions while eliminating the need for paper transactions. Form Simplicity gives real estate professionals the tools to create, manage, share, and store transactions digitally for on-the-go, paperless transactions. Users also have the capability to create and edit transactions on mobile devices.
Form Simplicity is currently available nationwide to associations, MLS systems, and brokerage firms, providing a cost-effective, paperless application to help real estate agents and brokers integrate their transaction processes through online automation and paperless solutions. Form Simplicity is supported by Tech Helpline, the real estate industry’s most widely used technical support team. Form Simplicity and Tech Helpline are services provided by Florida Realtors® based in Orlando, Fla.
Florida Realtors®, formerly known as the Florida Association of Realtors®, serves as the voice for real estate in Florida. It provides programs, services, continuing education, research, and legislative representation to its 127,000 members in 63 boards/associations.