To help financial institutions mitigate compliance risk, Compliance Systems Inc.'s (CSi) IntelleDoc solution is now integrated with eOriginal's SmartSign Web solution.
CSi IntelleDoc is a regulatory compliance solution that provides a framework for the assembly of documents based on information about the specific transaction. The solution comes in several different flavors, including CSi IntelleDoc for mortgage lending.
Meanwhile, SmartSign Web is an e-signature application that automatically places signatures in the proper locations and specifies the correct signers based on transaction data.
Integration of these technologies, which each include embedded transaction risk management, will enable lenders to mitigate compliance risks through the electronic management of the whole transaction, starting with origination data all the way through the signature and vaulting process, the companies claim in a press release. In addition, it will enable lenders to reduce costs and speed transaction processing.
In addition, a representation of the data and software used to produce the transaction documentation will be preserved along with each document. This provides a precise audit trail preserved with the final transaction documents, providing even greater transaction transparency.
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