GMAC Commercial Mortgage deploys eSignLive electronic signatures across entire company

January 8, 2001

Montreal, Qc, January 9, 2001 — GMAC Commercial Mortgage (GMACCM) has now fully deployed Silanis ApproveIt, an electronic signature and approval management software, across more than 50 worldwide locations and 1,800 employees. Silanis’s award-winning software will be used internally by the Commercial Mortgage’s division to electronically sign a variety of documents, such as credit memos, expense reports, employee appraisals and employee benefits packages.

“The mandate in our division was to create paperless offices by the end of 2000,” said Frank Marzigliano, Vice President, Software Operations of GMAC Commercial Mortgage. “Not only will Silanis ApproveIt reduce our paper, shipping and storage costs, it will decrease the amount of time employees spend on processing paperwork, thereby enabling them to concentrate on more important matters - servicing our customers and getting new business.”

Prior to deploying ApproveIt, GMAC Commercial Mortgage used mail and fax as their primary methods of distributing documents for signature approvals. Certain approval processes, such as credit memos, required up to 14 signatures to be captured within a single document. The approval process would typically begin in one of its offices in the U.S., Canada, Japan, France or Ireland, travel to corporate headquarters in Horsham, PA for further signature approvals, and then be returned to the satellite office for final processing. Silanis ApproveIt enables the process to remain completely electronic.

“We chose Silanis ApproveIt because it provided us with an efficient solution that is flexible enough to support the way we work today while enabling us to develop new processes,” said Marzigliano. “We’re able to sign our existing document templates created in Microsoft Word, Microsoft Excel and Microsoft Outlook, and we are using ApproveIt to electronically sign HTML forms on our Intranet site.”

“ApproveIt was also easy and cost-effective to deploy. As an out-of-the-box software solution, it required little or no additional programming and it didn’t require us to incur any hardware costs. We were able to quickly equip each of our 1,800 employees with their own personal, electronic signature file over our Intranet using Silanis’s ePersona signature creation wizard, so that everyone could begin using ApproveIt right away.”

About Silanis

Founded in 1992, Silanis Technology Inc. develops ApproveIt, the industry’s first and only multi-signature electronic approval management software. Over 800 organizations currently use Silanis products in government, business, insurance, medical, and healthcare sectors, including the US Joint Chiefs of Staff, TRW, Williams Group, Nationwide Insurance and National City Bank. Silanis software is recognized for its extensive capabilities, scalable security, ease of use and ease of integration. Silanis’s worldwide sales headquarters are located in Washington, DC. The company also has a regional office in Campbell, CA and an R&D center in Montreal, Quebec, Canada, as well as sales and customer support presence in other U.S. cities.

About GMAC Commercial Mortgage

GMAC Commercial Mortgage, based in Horsham, PA, is a wholly owned subsidiary of GMAC Commercial Holding Corp. It is the nation’s leading one-stop financial resource in the commercial banking industry. The diverse lending and servicing specialist has more than 50 offices nationwide. GMACCM has a servicing portfolio of over $82 billion, and provides a variety of financing products and services including permanent, interim and construction lending, with specialized lending units focused on healthcare and hospitality as well as e-commerce offerings through Internet commercial mortgage lending.

For additional information:

Andrea Simmons Silanis Technology (514) 337-5255 ext. 1152 e-mail: [email protected]

GMAC Commercial Mortgage Scott Rombach Senior Vice President Corporate Communications (215) 328-3383