eSignLive to Speak on IT and Legal Best Practices for E-Signatures in Mortgage Lending

November 20, 2012

Montreal, QC, November 21, 2012 – Silanis, the leader in enterprise electronic signature solutions with the largest e-signature deployments, will be speaking at the 14th Annual Mortgage Technology Conference November 28-30, 2012 in Miami, FL, about the IT and legal best practices for e-signatures in mortgage lending. Alongside David Whitaker, Counsel for BuckleySandler LLP, Michael Laurie, VP Strategic Development with Silanis, will cover ways to best meet the changing legal and regulatory requirements within the industry for electronic transactions and storage while still ensuring high adoption among customers and staff. Electronic signatures are being used today within the mortgage industry to deliver time-sensitive disclosures and to reduce the time between application and closings. Mortgage lenders recognize the potential for secure electronic transactions to reduce risk and provide a stronger legal and compliance position. This session will offer a practical look at e-signatures from an implementation perspective as well as speak to issues around the collection, delivery, presentation and enforcement of e-disclosures, e-contracts and e-signatures. Leveraging David Whitaker’s extensive legal expertise in mortgage including positions with both Wells Fargo N.A and Federal Home Loan Mortgage Corporation (Freddie Mac) and Michael Laurie’s practical experience in implementing e-signature and e-vaulting technology, attendees will hear best practices for electronic mortgage processes and answers to common questions such as:

  • What impact will electronic records and transactions have on my records management strategy?
  • What are the key requirements for e-signing?
  • How can we satisfy ESIGN’s reasonable demonstration test?

Reducing the time between locking in a rate and closing the loan is a primary concern in mortgage origination and lenders have found that using e-signatures, they’re able to process loans significantly faster. This allows customers to get the rate they were quoted while also increasing revenue for lenders, both due to the speed with which the documents can be processed. Electronic signatures in mortgage lending has also allowed smaller mortgage lenders like Signature Mortgage to tangibly compete with larger lenders on a more even playing ground. About Silanis Silanis is the most widely used e-signature solution in the world, responsible for processing more than 600 million documents annually. Founded in 1992, Silanis’ solutions e-Sign Enterprise and e-SignLive enable thousands of organizations, including four of the top 10 North American banks, eight of the top 15 insurance companies and the entire US Army to accelerate business transactions, improve customer experience and reduce costs while improving compliance with legal and regulatory requirements. Silanis provides the most flexible deployment options with its on-premise, cloud and SaaS e-signature solutions, eliminating manual, paper-based processing and enabling e-commerce and e-government transactions to be electronically executed from start to finish.