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Financial Services Solutions

Increasing compliance, control and efficiency

In today’s economic climate, banks, lenders and other financial service providers are struggling to improve operational efficiency without compromising on customer experience or compliance. Silanis’ next-generation, E-Signature Process Management solution addresses these challenges by enabling transactions to be processed without the paper, while ensuring that business, legal and regulatory requirements are enforced.

E-Signature & E-Vaulting solutions for:

  • Loan Origination
  • Account Opening 
  • Mortgage Closings
  • Securitization of assets
  • And more... 

    Transform Your Operations

    From consumer loan originations and account openings to mortgage closings and securitization of assets, executing transactions electronically delivers substantial benefits across all sales and service channels, including:

    • Increased back-office processing efficiency > elimination of manual preparation, verification, scanning and indexing
    • Improved customer experience > more convenient and faster turnaround
    • Cost savings > elimination of documents-in-transit expense
    • Fewer NIGO applications > due to missing signatures and incomplete forms
    • Increased loan officer productivity > less time spent chasing outstanding paperwork
    • Stronger legal and compliance position > more control, visibility and auditability of process

    How Your Peers are Benefiting

    Silanis has extensive experience assisting leading financial institutions to transition to electronic transaction processing. Below are some of the actual benefits our clients are seeing today or expect to see when fully deployed.

    • A Top 10 US Bank will streamline consumer and business loans across 2,000 branches and expects to decrease lending risks by 50% using Silanis’ solution.
    • Stewart Title, a top 5 U.S. title company, uses Silanis to reduce the time to close mortgages from 90 minutes to 15 minutes, including the signing of electronic mortgage notes.
    • A Top 5 Online Lender now processes > 90% of mortgage applications & disclosures electronically. E-signed applications are processed with 3-5 days less back-office delays and generate 15% more closings than hand-signed applications.
    • A Top 5 Student Loan Guarantor chose Silanis to help bring the student loan application process online and meet the Department of Education Safe Harbor Requirements on electronic Master Promissory Notes. 

    key SOLUTION requirementS:

    • Process Orchestration
    • Comprehensive Evidence
    • Enterprise Scalability
    • Ease-of-use

    Learn More 

    Yesterday's E-Signature Solutions are Not Enough

    Moving high-risk, regulated financial transactions into an electronic environment is not a simple task. Processes differ between products, states, distribution channels, and the people involved, resulting in hundreds of possible variations. Adding complexity to the challenge is the need to ensure that electronically signed documents provide strong evidence and that the chosen technology solution can be scaled across all sales and service channels, while ensuring high user adoption and customer satisfaction. Yesterday’s electronic signature solutions do not support these complex requirements.

    E-Signature Process Management is the Answer

    ApproveIt® Web Server is an enterprise-class, E-Signature Process Management solution that transforms any paper-based signing activity to a fully electronic, web-based approval process. Version 3.0 is a response to evolving demands for a more comprehensive e-signature solution that addresses the need for greater compliance, control and transparency of government approval processes and business agreements. The solution goes beyond simple e-signing to:

    • Execute transactions from beginning to end. This includes everything from setting up e-transaction processing rules and preparing documents to presenting documents for review and signing and delivering final copies to all parties and back-end systems.
    • Produce stronger legal evidence and auditing capabilities than with paper by recording and reproducing the entire electronic transaction, including all web pages viewed and actions taken.
    • Provide a flexible, enterprise platform solution that can be scaled quickly and cost-effectively across all lines of business and channels, while meeting the unique requirements of each transaction environment.
    • Provide the most user-friendly methods for participating in an electronic transaction to ensure high user adoption and a positive customer experience.