eSignLive Introduces eMortgage Impact Study
Combines industry, technology and business expertise to help lenders determine the value of automating eMortgage processes
MBA National Technology in Mortgage Banking Conference, Phoenix, AZ, March 14, 2004 — Silanis Technology today announced the availability of its eMortgage Impact Study, an industry-specific service designed to help lenders determine the value associated with eMortgage initiatives.
As lenders look for ways to reduce origination costs, capture customers faster, increase revenue, and deliver better customer service through their web and call centers, they are often turning to eMortgage initiatives. However, without access to in-house expertise on the business, legal and technical challenges of deploying an eMortgage solution, it is often difficult to conduct a thorough analysis of the potential impact of such measures. The Silanis eMortgage Impact Study draws on Silanis’ industry knowledge, best practice recommendations, and experience in business process automation to deliver an in-depth analysis of current business processes and the value of automation.
Conducting the eMortgage Impact Study involves clearly defining and documenting the lender’s current workflow and business processes, as well as analyzing the costs associated with each portion of the process. Silanis then develops a clearly defined “after” picture of the automated process, and delivers an analysis of the time and resource differentials between the initial process and the after picture. As part of the analysis, Silanis also determines the cost-savings and performance improvements that will result from automating the eMortgage process. Finally, Silanis delivers a detailed implementation plan for achieving these results.
“This is a service that customers have been asking us for,” said Michael Laurie, vice president of Silanis. “Many lenders struggle with how to justify investments in eMortgage initiatives. Working with an experienced partner that knows the issues associated with automation can save significant time and drive better results for the project.”
The eMortgage Impact Study covers: a review of the loan process from beginning to end; a review of compliance issues that could result from automation of the process; an analysis of the process to create an optimal implementation strategy; and a report that details the anticipated cost savings and performance improvements.
For more information about the Silanis eMortgage Impact Study, please contact Silanis at 1-888-SILANIS.
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.