Top 10 Reasons to go Paperless

Online, June 1, 2010 (Newswire.com) - Go green. Be green. Live green.

With the FHA (Federal Housing Administration) making the use of electronic signatures (e-signatures) legal on April 8, 2010, the real estate market can move to a paper-free environment. Now that bids, contracts, and signatures can be electronic, the mounds of paper used for the sale or purchase of a home can be replaced with electronic files.

Dotloop is a growing company based in Cincinnati, Ohio that promotes paper-free real estate as a way to streamline the buy/sale process. The Dotloop system provides REALTORS with a secure site to write an offer, counteroffer, negotiate, and finally approve and sign contracts in a fully web-based application. FHA's approval of e-signatures has opened the door for the Dotloop System to become the preferred tool of REALTORS around the country.

The Dotloop System means that the real-estate market can embrace the top 10 reasons to go paperless:

10) Play a part in saving the Earth.
9) Reduce the number of trees sacrificed to make paper, more trees means better quality oxygen-rich air.
8) Prevent back pain by leaving the heavy briefcase full of paper at home.
7) Cut the office space needed for filing cabinets.
6) Increased efficiency, there will be no need to make copies and shuffle through papers.
5) Allow multiple people to view a document simultaneously (when they are in different locations). Vacations will no longer stall the buying/selling of a home.
4) Eliminate looking for lost and misfiled paper documents. Computers have a search tool
3) Save money on supplies and staff, resulting in greater profit margins for agents and agencies.
2) Suffer no more paper cuts.
1) With the approval of e-signatures, all real estate paperwork can be quick and easy through Dotloop.

For more information about Dotloop, please call (888) Dot-Loop, visit www.Dotloop.com or send an e-mail to [email protected]. To see the Dotloop feature on the FOX Business Network, please visit: http://bit.ly/DotloopOnFoxBusinessNetwork.