eSignLive makes straight-through processing of financing e-contracts and e-mortgages easier with new release of ApproveIt eVault Manager

 protects these high value records throughout their lifetime as ownership is transferred between various parties and electronic vaults with the assurance that they are the authoritative copies. Legal control is maintained during creation, storage, and transfer by ensuring that a single authoritative copy of the record is unique and identifiable; allowing only the secured party or its designated custodian to transfer, store, or change the identified assignee of the authoritative copy; and assuring the record cannot be altered, except as permitted, and identifying unauthorized revisions and non-authoritative copies. ApproveIt eVault Manager is based on a registry that securely tracks the assignment and location of loans, leases and mortgage contracts. It also performs all required operations on the documents stored in the system. E-Vault storage is handled through a database that is in turn controlled by the registry. Documents can be encrypted for additional security and multiple storage databases can be controlled by a single registry allowing segregated storage for multiple lenders and investors. The new ApproveIt eVault Manager Console enables organizations to get to market faster by providing a ready-to-use portal and management console for accessing the solution’s powerful administration, transaction, pooling, search, and review and audit functionality. System administrators, for example, can now easily configure the solution, register users and assign roles and permissions using the management console. Registered users can register documents or and transfer ownership or location via the portal. Pooled operations can also be easily created and assigned using the portal, and records can be quickly searched, reviewed and audited. “Maintaining an end-to-end electronic process from loan closing right through to securitization benefits all parties involved,” said Petrogiannis. “Lenders receive funds faster, while borrowers minimize their risks by having greater visibility into the quality of loans.”

About Silanis Silanis Technology is the leading provider electronic signature process management solutions. The world’s largest insurance and financial services companies, major government agencies, integrators and service providers depend on Silanis to accelerate business transactions and reduce costs while improving compliance with legal and regulatory requirements. The company’s electronic signature platform, ApproveIt®, is an enterprise-class e-signature process management solution that transforms paper-based business transactions to all-electronic, Web-based processes for e-commerce and e-government.