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GMD Aligns with E-Signature Vendor for Docs.
DENVER -- Sensing a growing demand to adopt e-signatures both at the point-of-sale and at closing, document preparation vendor Guardian Mortgage Documents and electronic signature and biometric signature validation vendor Communication Intelligence Corp. have formed an alliance to seamlessly integrate e-signatures with mortgage documents.
"It's been a long haul to get e-signature technology adopted," said Guido DiGregorio, chairman and CEO at CIC. "There have been several factors have inhibited adoption. In order to do e-signatures, especially with financial applications, you have to have a complete enough solution to address all the lender's needs with the e-signature as one component within the actual document.
"We integrated two factors, the document generation and delivery, through Guardian and the e-signature and authentication through our company. Our technology speaks to validating the process and the authentication of that process. Also, it has a high acceptance rate among real people.
"This is the biggest transaction in a person's life and it has a lot of legal parameters," said Mr. DiGregorio. "So we need to make sure everyone will accept this technology and that it is legally binding. I just came back from a technology summit and interacted with top-level executives and there is no question that those associated with mortgage had a heightened awareness and appreciation for what automation can do.
"This technology enhances the value of data and creditworthy applicants. There's plenty of lending to de done despite this downturn. What's going on in the industry now just heightens the demand for this technology."
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Source: HighBeam Research, GMD Aligns with E-Signature Vendor for Docs.