On-Bill repayment partner and local nonprofit lender Craft3 launched electronic document signing, Docusign, to facilitate delivery, signing and return of loan documents electronically. This new approach only takes a few minutes, eliminates the hassles of printing and mailing, and minimizes signing errors which can delay the process.
How Docusign works:
- Craft3 emails the borrower a link to loan documents, after the bid and loan amounts are finalized.
- Borrower reviews and signs loan documents using an electronic signature. Documents are instantly transmitted back to Craft3.
- Craft3 prepares initial disbursements to the trade ally.
Craft3 will continue to offer paper document signing upon request, at its offices or remotely.
To offer on-bill loan repayment to customers, trade allies must have a 2.5 star rating and attend the training webinar. To register for the training webinar, check the Training & Education Calendar.
For more information about Craft3’s on-bill Home Energy Loan, visit Craft3.org/homeenergy or contact Craft3 at 1.888.231.2140.