The company is currently working with "several firms" that willuse its technology to complete online loans for commercial realestate, says DocuTouch spokeswoman Katherine Ord. To make sure it'son the right track, the company has on its board of directors KurtJohnson, the Seattle-area president of Trammel Crow Co. "He'shelping us understand the commercial real estate marketplace," saysOrd.

DocuTouch provides for secure, online business-to-businesstransactions using legally binding digital signature services. Thecompany has some 700 users in vertical markets including realestate, mortgage, finance, insurance and in corporate procurementarenas. The timing is good. Congress recently passed - andPresident Clinton signed - a law with respect to digitalsignatures. The law requires user consent, permanency, privacy,audit trails and digital authentication when using digitalsignatures to create online contracts -- a process DocuTouch hashad in place since last year.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.