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January 22, 2002

Quicken, Silanis Plan Digital-Signature Loan Process This Spring


Inman News Features

Silanis Technology, an electronic signature software provider, and Quicken Loans, a subsidiary of Intuit, today announced a fully electronic mortgage application process for the Web.

The companies reported that Silanis' ApproveIt Web Server will be used to provide loan applicants with an ability to electronically review and "e-sign" loan application documents on QuickenLoans.com site immediately after their application is pre-approved. The function is expected to be activated within the next few months.

Quicken Loans Systems Architect Kevin McCallum said the goal is to make the mortgage process as quick and simple as possible.

"It was clear that e-signatures were the answer," McCallum said. "The challenge was finding a solution that didn't involve any downloads and that would be easy for consumers to use. We chose Silanis from among 35 vendors because they could deliver a solution that simplified the borrower's experience while also meeting our legal and information technology requirements."

ApproveIt Web Server doesn?t require any special software other than a Web browser, according to Quicken Loans. The program also accommodates Quicken Loans' back-end loan origination systems and ensures a legally enforceable, e-sign-compliant process, according to the company.

Copyright: Inman News Service



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