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e-SignLive Offers Free Service to Small and Mid-Sized Mortgage Providers for a Limited Time(March 15, 2012)
Montreal, QC (PRWEB) March 15, 2012
The Internal Revenue Service (IRS) is expected to conclude an e-signature pilot project for the IRS 4506-T form before the end of the month. The Federal Housing Administration (FHA) is also looking at incorporating e-signatures into the entire lending process. To provide mortgage providers with the knowledge to choose the right service for their business, e-SignLive is offering a free opportunity to test-drive its service.
We have had many calls from mortgage industry professionals expressing concerns about this, said Robert Al-Jaar, executive vice president of Silanis Online e-Signature Services. They are asking whether they will be able to continue with the solution theyre already using or whether the government will mandate what they can use. We are also concerned. We fully support our customers rights to determine the service that fits best with their business needs.
Signature Mortgage is one example of a customer that has already found the right tool for the business. The Ohio-based mortgage banker has been able to compete with much bigger lenders and has realized tremendous return on investment using e-SignLive. More than 90 per cent of its customers now review and sign mortgage documents over the web and processing times for loan applications have dwindled from 60 to 25 days. Signature Mortgage has also increased its loan volume by 35 per cent and cut processing costs by an astounding 85 per cent. In addition, the ease of the e-SignLive signing process has improved the companys customer service by simplifying the lending process and delivering an exceptional borrower experience.
Because we want the industry to have all the information and tools they need to make the best decision for them when choosing an e-signature service, said Al-Jaar. e-SignLive is offering a free test run of its e-SignLive service.
Interested companies can sign up for by contacting an e-SignLive e-Signature Specialists at 1-855-MYESIGN (1-855-693-7446) or online at e-SignLive.com/IRSFHA.
In addition to the e-SignLive online service, Silanis also offers a secure e-vaulting solution that complies with the Uniform Commercial Code (UCC 9-105), allowing lenders and investors to automatically register the mortgage loan with MERS, to include MISMO SMART Docs in their mortgage closing package, and to e-deliver the final mortgage documents to Government Sponsored Enterprises (GSEs) like Fannie Mae and Freddie Mac. The Silanis e-vaulting solution, coupled with the IRS anticipated acceptance of e-signatures for its 4506-T form, means that mortgage bankers and lenders will be able to sign electronically throughout the entire mortgage lending processincluding application and closing phases.
e-SignLive is the premier legal, trusted, and secure online electronic signature service targeted primarily at the mid-market, small businesses and government organizations that are regulated and compliance-driven. Choose e-SignLive when legal evidence, trust, security, and auditability matter. Powered by Silanis, e-SignLive uses the same e-signature technology trusted by over 1.6 million US Army personnel globally, and by the world's largest banks, insurance companies, and government agencies. e-SignLive is now available online, anytime, anywhere, and at a friendly price. e-SignLive, when signatures matter to your business.
Read the full story at http://www.prweb.com/releases/2012/3/prweb9286370.htm.
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