QuestSoft Corp., which provides compliance software and services to the mortgage, banking and credit union industries, is using Communication Intelligence Corp.'s (CIC) e-signature technology to integrate legally binding electronic signatures in its IRS Form 4506-T service.
Bhavin Shah, vice president of development and technology for QuestSoft, said the solution has ‘significantly reduced processing times and rejection rates to all parties in a mortgage or other lending transaction.’
The IRS approved the use of electronic signatures in its documentation earlier this year. CIC reports that it worked with the IRS on its acceptance of electronic signatures.
‘IRS approval of e-signatures on this high volume form represents a significant step forward in the overall lending process,’ says Robert Williams, vice president of sales for CIC.
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