eSignLive Introduces eDisclosure Solution
A complete product and services offering for the electronic presentation of mortgage application documents for review, acceptance, and approval over the web
MBA National Technology in Mortgage Banking Conference, Phoenix, AZ, March 14, 2004 — Silanis announced today the availability of a new eDisclosure Solution for Mortgage Origination. Built on Silanis’ award-winning ApproveIt Web Server technology, the Silanis eDisclosure Solution is a complete product and services offering that enables lenders to electronically present initial disclosure documents directly to borrowers for review, acceptance and approval over the web.
Presenting electronic disclosures to borrowers for immediate review, acceptance and approval, can eliminate 5-7 days from the mortgage origination process, enabling the completion of the entire mortgage application process in minutes instead of days. Electronic disclosures can also deliver significant cost savings by eliminating courier fees and manual processing costs, as well as decreasing the application drop off rates.
Silanis’ eDisclosure Solution bundles all of the critical components for the presentment and signing of mortgage application documents. At the core of the offering is Silanis’ ApproveIt Web Server, a zero-client web-based solution for engaging customers in the online electronic approval of regulated documents and contracts in a legally enforceable manner — without the need to fall back to paper and wet-ink signatures. In addition to the software license of ApproveIt Web Server, this package also includes integration of the solution into a new or existing web portal, integration with the lender’s Loan Origination System or document preparation system, project implementation, and ongoing optimization and support.
Silanis is a leader in delivering solutions to the mortgage market and has a proven track record of implementations. The ApproveIt Web Server is used today by a number of lenders and has been in production at companies for the past 18-months. It is used daily by consumers to review and process mortgage application documents.
“This package was developed to meet the needs of the market,” said Michael Laurie, vice president of Silanis. “Companies are looking for solutions that integrate with their current infrastructures to deliver significant time and cost savings. By combining Silanis’ products and expertise into a single solution offering we help lenders bring solutions online quickly to originate more loans while reducing costs and enhancing the customer experience.”
The Silanis eDisclosure Solution is designed for lenders looking to implement an end-to-end solution that integrates into their environment and includes the integration of ApproveIt Web Server within a portal, development of the communication layer that sits between the portal and the application, and development of client facing elements for disclosure presentment and messaging.
Available in early Q2, 2004, the Silanis eDisclosure Solution includes a license of the ApproveIt Web Server software, and services for implementation management and administrator training for the ongoing management and support of the system.
Silanis Technology is the leading provider of solutions that automate the Business Approval Process. The company’s award winning desktop and server-based solutions leverage electronic signature and approval technology to achieve total automation. With over 1,000 customers across government, mortgage, auto finance, insurance, banking and FDA regulated industries, Silanis has over a decade of experience in developing and delivering solutions that work the way organizations do. Government customers include NIH NIAID, USPS OIG, US Mint, and an enterprise license with both the US Joint Chiefs of Staff and the US Army.
Mary Ellen Power
(514) 337-5255 ext. 1117