Security, risk and fraud are often thought to be a concern with eMortgage/eSignature adoption, especially by those who are unfamiliar with the technologies and processes involved. Despite extensive efforts by groups such as the Mortgage Bankers Association (MBA), MISMO [R], Reston, Virginia-based Mortgage Electronic Registration Systems Inc. (MERS) and the Washington, D.C.-based Electronic Signature and Records Association (ESRA) to educate senior executives in industry and government those concerns have caused some organizations to lag behind for years, effectively holding back the broad-based adoption that could bring benefits to the entire mortgage industry. While eMortgages can't solve every issue, the truth is they can be far more secure and reliable than paper, and can inherently protect against certain types of mortgage fraud.
