Securing the paperless mortgage for correspondent lenders
Montreal, QC, August 5 2008 – Leading e-signature provider Silanis Technology Inc. is pleased to announce that ApproveIt® Web Server has been authorized by Wells Fargo Funding, a division of Wells Fargo Bank, NA, as part of their “Approved e-Signature Solutions” program. This selective program identifies the best-of-breed electronic signature solutions that result in an effective, valid and enforceable signature process between individual borrowers and Well Fargo’s correspondent lenders.
Speeding up mortgage applications
ApproveIt facilitates the process of delivering disclosures and capturing signatures on origination paperwork by enabling borrowers to easily review and “click-to-sign” mortgage documents online, using a standard web browser; a time-saving, convenient process that results in shorter sales cycles and increased customer retention for correspondent lenders. Resulting disclosures and preliminary 1003 forms are trusted and accepted by Wells Fargo Funding.
A total enterprise solution
As electronic banking gains momentum, correspondent lenders require enterprise solutions that reduce exposure to risk and can scale to meet enterprise requirements. ApproveIt fulfills both requirements by:
- Securing the signature process across all banking channels – point-of-sale, Web, and call centers
- Facilitating the addition of new features to quickly adapt to changing business requirements or policies
- Capturing and storing the most comprehensive electronic evidence of what took place, including WHO signed WHAT, WHEN, WHERE and HOW. ApproveIt thereby creates a secure and reliable electronic signature platform for both Wells Fargo and their correspondent lenders.
Tommy Petrogiannis, president, Silanis Technology Inc., comments: “Recognition by one of the largest and most respected financial institutions in the US is an ultimate vote of confidence in our technology; one that underscores continuous industry validation. For the past sixteen years, we have been committed to making paperless mortgages happen for the lending community through enterprise-class electronic signature solutions that combine best-of-breed security and management features on a scalable platform.”
Founded in 1992, Silanis Technology Inc. is the largest and most experienced provider of electronic signature solutions. More than 1,400 government and commercial organizations, representing two million users, depend on Silanis’ solutions to accelerate operations, improve service and reduce costs.
The company’s solutions not only eliminate the inefficiencies of paper, they provide reliable and auditable business records needed to demonstrate compliance with applicable laws, standards, regulations and policies.