ESRA Experts featured during SourceMedia’s “eSignatures and the FHA” Webinar Reply

ESRA Experts featured during SourceMedia Webinar “eSignatures and the FHA: The Questions Lenders Don’t Know to Ask”

Thank you to everyone who attended the April 30th webinar, eSignatures and the FHA: The Questions Lenders Don’t Know to Ask . The session, presented by National Mortgage News & Mortgage Technology, examined what lenders need to know about the FHA’s recent announcement and Mortgage Letter 2014-03.

The ESRA Expert Panel featured members Melanie Feliciano, DocMagic; Kelly Purcell, eSignSystems; and Jeff Knott, Equifax. Information was shared about the benefits of e-signed records related to speed, convenience and compliance. Additionally they discussed what lenders should know about the acceptance of e-signatures on a wider range of mortgage documents, including IRS Form 4506-T, FHA Insurance claims, REO sales, servicing and loss mitigation documents and many others. Though this initiative demonstrates the FHA’s plan to streamline the mortgage process, it creates an entirely new set of potential pitfalls of which lenders should be aware.

For more information about the recent FHA announcement and other topics, be sure to check out our recent articles on the ESRA News & Media page.

Publication 1345 Revised – New Electronic Signature Guidance for Forms 8878 and 8879 Reply

Publication 1345 “Handbook for Authorized IRS e-file Providers of Individual Income Tax Returns” has been revised with new electronic signature guidance for Forms 8878 and 8879, IRS e-file Signature Authorization. This revision includes guidance on currently acceptable electronic signature methods, identity verification requirements and electronic record requirements.
Electronic signatures are optional; therefore taxpayers can continue to sign these forms with a handwritten signature.

The Publication 1345 “Handbook for Authorized IRS e-file Providers of Individual Income Tax Returns” revision information is available in web content. This publication provides important information for Tax Professionals and Authorized IRS e-file Providers regarding applying and participating in IRS e-file. All participants should read this publication to become familiar with the requirements for continued participation.

This policy update was influenced by the assistance ESRA provided to Joan, Kevin, and their policy team. ESRA was invited onsite to the New Carrolton IRS Campus to participate and lead an eSignRecords Information Panel for senior agency leadership in May 2012. A year later, in May 2013, ESRA provided feedback in response to Internal Revenue Bulletin (IRB) 2013-4, Announcement 2013-8 Acceptable e-signature Standards Recommendations.