Silanis Tends to make Straight-via Processing of Financing e-Contracts and e-Mortgages Less complicated with New Release of ApproveIt eVault Manager


Montreal, QC (PRWEB) December 15, 2009

Silanis Technologies, the leader in electronic signature approach management, right now announced that the most recent release of ApproveIt eVault Manager enables mortgage providers, auto-financers and gear leasers to move more swiftly to straight by way of processing of e-contracts and e-mortgages. Already adopted by Open Dealer Exchange, Stewart Title, key finance companies and lenders, the remedy reduces the cycle times, fees, information errors and dangers of selling, securitizing and syndicating loans, leases and mortgages.

&#13

The new, ready-to-use portal and management console provides a turnkey answer for accessing the complete functionality of the ApproveIt eVault Manager exactly where the e-contracts and e-mortgages can be securely transferred among electronic vaults, and then stored, managed, and verified electronically as getting authoritative copies beneath ESIGN, UETA and UCC 9-105 specifications. With the new console, document custodians, lenders, investors, dealers, auditors and other personnel can access documents in the e-vault according to their permission levels in order to carry out different operations for which they are authorized.

&#13

Promoting, securitizing and syndicating loans, leases and mortgages involve a complex method of pricing and approvals that leads to enhanced dangers, higher expenses and a lack of transparency when processed manually in paper format, mentioned Tommy Petrogiannis, President and Co-Founder of Silanis Technologies. The ApproveIt eVault Manager eliminates these troubles by enabling a financing transaction to be processed electronically from start off to finish.

&#13

Loans, leases and mortgages that are signed electronically utilizing Silanis companion solution, the ApproveIt Web Server, can be transferred electronically from the point of sale directly to an e-vault utilizing ApproveIt eVault Manager. This eliminates lengthy shipping delays and charges, and reduces the risk of terms and circumstances on loan documents getting diverse from the application which benefits in the loan being delayed and documents getting returned for re-works. Making use of Wise documents for e-mortgages, notes can be transferred in from other e-closing systems as effectively.

&#13

ApproveIt eVault Manager protects these high worth records all through their lifetime as ownership is transferred between various parties and electronic vaults with the assurance that they are the authoritative copies. Legal handle is maintained during creation, storage, and transfer by making sure that a single authoritative copy of the record is unique and identifiable enabling only the secured party or its designated custodian to transfer, retailer, or adjust the identified assignee of the authoritative copy and assuring the record can’t be altered, except as permitted, and identifying unauthorized revisions and non-authoritative copies

&#13

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 needed operations on the documents stored in the program. E-Vault storage is handled through a database that is in turn controlled by the registry. Documents can be encrypted for additional safety and multiple storage databases can be controlled by a single registry enabling segregated storage for numerous lenders and investors.

&#13

The new ApproveIt eVault Manager Console enables organizations to get to industry more rapidly by supplying a ready-to-use portal and management console for accessing the solutions powerful administration, transaction, pooling, search, and review and audit functionality. Technique administrators, for example, can now easily configure the remedy, register users and assign roles and permissions employing the management console. Registered users can register documents or and transfer ownership or place via the portal. Pooled operations can also be simply designed and assigned using the portal, and records can be rapidly searched, reviewed and audited.

&#13

Maintaining an end-to-finish electronic approach from loan closing appropriate by way of to securitization advantages all parties involved, mentioned Petrogiannis. Lenders receive funds more rapidly, while borrowers lessen their risks by obtaining higher visibility into the high quality of loans.

&#13

About Silanis&#13

Silanis Technology is the major provider electronic signature procedure management solutions. The worlds largest insurance and monetary services firms, major government agencies, integrators and service providers rely on Silanis to accelerate business transactions and minimize costs while improving compliance with legal and regulatory needs. The companys electronic signature platform, ApproveIt