Electronic Signatures and POAs

Posted By: TMatt87

Electronic Signatures and POAs - 03/25/20 11:25 PM

We are looking to roll out electronic signatures for our consumer installment loans. We are hitting a snag with our power of attorney document that allows us to do the title work to add ourselves as a lien holder to the title. We normally have this document notarized, but we don't have electronic notaries set up. How are other institutions handling these situations? TIA
Posted By: Dan Persfull

Re: Electronic Signatures and POAs - 03/30/20 03:45 PM

If you are taking the title as collateral why do you need a POA to add the bank's name as the lienholder?