Benefits Of Electronic Signatures For Mortgage Industry

Bankers have been discussing the paperless home loan for long. The advancement towards the complete, start to finish computerized home loan has moved gradually. It is now time to check for advances like electronic marks which gets borrowers to the deal closure quickly.
For a competitive approach, mortgaging specialists and originators are concentrating on client experience. Obviously, customers need the convenience of digital platform. No one wants to wait for the paper packages to arrive when it’s easier to go online and interact with a mortgage officer, upload your documents, accept disclosures and contracts online and do e-signatures in the forms.

How to start using digital signatures in mortgage industry?

As opposed to offering a full, end-to-end eMortgage complete with eClosings, banks and non-bank loan specialists are digitizing step by step. A staged methodology gives prompt and substantial advantages to all. Banks, credit associations and loan specialists have experienced the best early achievements through:

• Offering borrowers the capacity to finish and e-sign the application bundle online
• Delivering e-disclosures

From that point, the subsequent stage is to join advanced reports into a crossover or full eClosing.

Why eApplications and eDisclosures?

If your bank or financial institution has not yet transformed its procedures through electronic media, leveraged e-signatures for the mortgage application is the first step to switch to eSignatures in Mortgage Industry. Here’s are the two reasons to adopting mortgaging industry e-Signatures.

    1. Easier to collect signatures and improve customer experience

Applications are bulky and documents required are innumerable. Removing paper from the process enables clients to finish the application online without any delay resulting in a good client experience.
Online applications with e-Signature require 24-48 hours to get delivered and verified as compared to 7-10 days required while using paper. All in all the online process deals with the two major issues regarding mortgage industry using eSignatures i.e. physical process requires too many papers and it takes too long to finish the documentatio

2. Quick To Deliver Loans Estimates

e-Signatures for Mortgaging Industry quickens the process. Until the lenders and brokers do not receive a confirmation from the client they cannot proceed their cases. On receipt of consumer eSign on loan estimates, the lender for the required documents, the consumer’s intent can be confirmed by obtaining the application processing fee.

3. Quick on Finalizing Closures

Electronic delivery of disclosures is the main mortgage process that has been digitized today. Though the paper based processing is still in use, soon there will be digital delivery model everywhere to take over the waste of paper and its time delays. Soon customers will also be aware enough to make sure the manual processes are kept aside and the automatic eSignatures in Mortgage Industry will become the trend.

4. Customer Centric Approach

The most practical way in current times to short the closing delays is by compressing the application cycle. In application processing, the disclosure can be closed electronically and obtain an acknowledgement of receipt via e-signature.
This results in meeting customer expectations for fast, convenient and efficient service in home buying mortgage process.

Now you can also watch the video here:

Now you can listen the audio here:

https://sigplex.podbean.com/mf/play/fv2ysk/49888759.mp3


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Benefits Of Electronic Signatures For Mortgage Industry

Bankers have been discussing the paperless home loan for long. The advancement towards the complete, start to finish computerized home loan has moved gradually. It is now time to check for advances like electronic marks which gets borrowers to the deal closure quickly.
For a competitive approach, mortgaging specialists and originators are concentrating on client experience. Obviously, customers need the convenience of digital platform. No one wants to wait for the paper packages to arrive when it’s easier to go online and interact with a mortgage officer, upload your documents, accept disclosures and contracts online and do e-signatures in the forms.

How to start using digital signatures in mortgage industry?

As opposed to offering a full, end-to-end eMortgage complete with eClosings, banks and non-bank loan specialists are digitizing step by step. A staged methodology gives prompt and substantial advantages to all. Banks, credit associations and loan specialists have experienced the best early achievements through:

• Offering borrowers the capacity to finish and e-sign the application bundle online
• Delivering e-disclosures

From that point, the subsequent stage is to join advanced reports into a crossover or full eClosing.

Why eApplications and eDisclosures?

If your bank or financial institution has not yet transformed its procedures through electronic media, leveraged e-signatures for the mortgage application is the first step to switch to eSignatures in Mortgage Industry. Here’s are the two reasons to adopting mortgaging industry e-Signatures.

    1. Easier to collect signatures and improve customer experience

Applications are bulky and documents required are innumerable. Removing paper from the process enables clients to finish the application online without any delay resulting in a good client experience.
Online applications with e-Signature require 24-48 hours to get delivered and verified as compared to 7-10 days required while using paper. All in all the online process deals with the two major issues regarding mortgage industry using eSignatures i.e. physical process requires too many papers and it takes too long to finish the documentatio

2. Quick To Deliver Loans Estimates

e-Signatures for Mortgaging Industry quickens the process. Until the lenders and brokers do not receive a confirmation from the client they cannot proceed their cases. On receipt of consumer eSign on loan estimates, the lender for the required documents, the consumer’s intent can be confirmed by obtaining the application processing fee.

3. Quick on Finalizing Closures

Electronic delivery of disclosures is the main mortgage process that has been digitized today. Though the paper based processing is still in use, soon there will be digital delivery model everywhere to take over the waste of paper and its time delays. Soon customers will also be aware enough to make sure the manual processes are kept aside and the automatic eSignatures in Mortgage Industry will become the trend.

4. Customer Centric Approach

The most practical way in current times to short the closing delays is by compressing the application cycle. In application processing, the disclosure can be closed electronically and obtain an acknowledgement of receipt via e-signature.
This results in meeting customer expectations for fast, convenient and efficient service in home buying mortgage process.

Now you can also watch the video here:

Now you can listen the audio here:

https://sigplex.podbean.com/mf/play/fv2ysk/49888759.mp3


Now you can also see the infographic:

Benefits Of Electronic Signatures For HR Departments

Recruitments Services Industry falls under the top ten fastest growing industries around the world. In current times small to big corporations are dependent on the Recruitment Agencies in search of reliable and efficient human resource of all types, right from full time to part time and even on contracts. Statistics from the previous year’s progress suggests that there has been a fair growth of overall 10% in the recruitment market globally. Although many things have changed, but the customs and processes remain similar since the age of physical recruitment systems inception.

The internet era has seen a huge shift in the previous process of applying for jobs physically through newspaper to the current digital times. Where even a right tweet via twitter or a good connection in LinkedIn could land one on the job they have been dreaming of. This remains the interface of the overall process but the backend of the recruitment, scrutiny and the on-boarding compliances are still dealing with the physical documentation which is time taking, confusing and expensive.

Apart from making recruitment and orientation a tedious process, physical documentation is a patch of old times on the face of modern processes. Which has moved signing each and every document to Electronic Signatures for Recruiters. There are many solutions which are integrated with the Electronic signatures in the recruitment process to make the complete task easier and quicker for both the recruiters and recruits.

HR Professionals using eSignatures is trending now a days as it streamlines the whole recruitment process, saving time and money while making candidates work faster and better.

Another advantage of the eSignatures in recruitment industry is its environmental friendliness. It reduces and moreover removes the use by making recruiting, on-boarding and other relevant activities paperless.

Digital workflow caters to a whole new array of advantages such as making it error-free thereby ensuring better compliance and authorization. The experience of every stakeholder is positive and also meets the overall demand of the global recruitment industry.

Here are a few ways in which in-house and recruitment agency can implement eSignatures for making their recruitment, compliance and authorization processes better:

• Offer Letters, Contracts and Bonds

Using the eSignatures in the recruitment industry has reduced the process of printing, signing, scanning, mailing, etc., and simplified everything in between. Digital Onboarding has made it easier to ensure compliances and apply without a hassle.

• Terms and Conditions of business between agency and organisation

Usually the copies of contract and terms of business are circulated seeking the response from clients. With the help of eSignatures it is simpler for everyone and no more lengthy documents are printed just for maintaining formality of the documentation.

• Employee Handbooks

New recruits and existing employees need to refer to the complete employee handbook to ensure that they have read it. In digital format the employee can read and digitally sign the document by ensuring that the document has been read and signed after understanding it.

• Authorization forms for Payroll and Direct Deposits

The eSignatures in the recruitment system also aims to update the employee details for payment to their respective bank accounts. The system keeps record of the due information and ensures that every employee receives their salary on time on their first pay-out.

• Enrolling for Pensions

The system also ensures that the employees are enrolled for pension under the government norms thereby streamlining administration and ensuring better compliance for the pension system.

• Managing Timesheets

Electronic Signature system in recruitment is an example of a good manager who keeps a track of all your resources and their huge timelines while maintaining every information required to ensure better performance and appraisals with time and results.

Sigplex offers a wide range of technology solutions for every business industry and eSignature for Recruiting firms has been a remarkable product which has resulted in the best client satisfaction ratio. It has streamlined 100s of businesses saving them millions from their overheads with better cost and efficiency.

Source:https://www.sigplex.co.uk/blog/use-of-electronic-signature-in-recruitment-industry/

Now you can watch the video here:

Now you can also listen audio here:

https://sigplex.podbean.com/e/benefits-of-electronic-signatures-for-hr-departments/

Now you can also see the infographic here:

World Enviromnet Day 2019

Happy world environment day, go green by doing tree plantations, keep our surroundings clean, use recycled and eco-friendly products. save trees use a digital signature

For any further details please visit at - www.sigplex.co.uk

Industries That Use Electronic Signature Devices In 2019

Why Your Sales Team Need Electronic Signatures Devices

Digital Signature Devices Requirement In Industries

Every organization big, medium or small needs a tool that can simplify their documentation process. A tool that makes it faster to draft, create, edit, authorize and finalize the documentation process in order to finish contract process faster. Across the industries, within various segments organizations are adapting to digital and electronic signature devices to minimize project timelines, save on various costs, and automate documentation procedure.
With time we have catered to various industries across several domains to improve their efficiency and effectiveness. Here is a brief about which industry can be benefited with these devices and how we have applied our technologies for convenient operations.

Top Industries That Require Digital Signature

Find the complete details of industries that use digital signatures
Electronic Signatures in 2019

• Finance and Insurance
• Healthcare and Life Sciences
• Architecture, Engineering and Civil

1. Finance and Insurance
Constant documentation and signature instances in the financial and related services makes this industry a prime client of these secured electronic signature devices. In certain cases, where the operations require on site signature and service activation, digital signature and input devices makes it really simple to close down the deal instantly without any delay in documentation processing.

1. Healthcare and Life Sciences
Pharmaceutical, biotechnology, drugs and medicine manufacturers are always looking forward to stay aware of the industry norms, regulations and standards set by the administration organizations regarding protection and privacy policy in order to keep consumer data, management of electronic documents, and their requirements.
Documents can be easily secured through password protection or encryption.

1. Architecture, Engineering and Civil
Various design companies have been benefited through our digital and electronic signature input devices. Reduced paper waste and the documentation preparation time leads to shorten project timelines and reduce overhead costs. Even huge documents now boast the functionality of been transferred in seconds from professionals to the clients and vice versa making it easier to take decisions and implement suggestions in real time. Even the land acquisition and transfer process has seen massive development as far as the contract turnaround time and documentation preparation and signing in concerned.

In almost a decade, electronic documentation has seen an immense growth across several industries. It is getting easier to become environment friendly and reduce carbon footprints while keeping the documents secured, compact and within reach, from anywhere. Many industries have transformed their documentation processes redefining the technological age while enjoying its benefits.

In the current age of economizing the operations and to cut down on overheads, switching to digital or electronic signature input devices is no more a challenge with Sigplex’s Digital Signature Capture devices. To know more about the exclusive devices and to understand their impact on your business, write to us at info@sigplex.com

Source:https://www.sigplex.co.uk/blog/top-industries-that-require-digital-signature-devices/

How Electronic Signature Can Improve Your Business

Electronic Signature Device For Business

Businesses are continuously hoping to improve and each department are offered mission to become more efficient. Electronic signature solution empowers you to surrender the conventional style of using paper and pen and advance towards a superior, improved method for signature. A paperless environment has been on the rise for quite some time now, especially for legal, government, and business documents.
There are various reasons why e-signatures are becoming the new favorite method of signing for businesses around the world. The benefits offered by e-signatures are plenty, here’s a look at some of the key benefits:

Can Electronic Signature Devices Improve Your Business?

Find the complete details for reasons your business to use
Electronic Signatures Devices in 2019

• Simple and Easily Accessible
• No More Piles of Paperwork
• Escalate Security and Reliability
• Huge Time and Cost Saving
• Higher Client Satisfaction

1. Simple and Easily Accessible

If you have got a team that is spread across completely different locations within the country or globe, then you recognise the necessity and importance of seamless collaboration between all the parties. E-signatures devices build remote sign and document authentication attainable. An individual will be located halfway across the globe from you, and you will be able to still get documents signed by them at intervals minutes or seconds. No scanning the document, you will be able to get straight to sign with e-signatures devices and software.


2. No More Piles of Paperwork

It is no fun having to manage intensive amount of paperwork work on a routine. A great deal of profitable vitality and time are lost in dealing with the desk work, vitality and time that could be vastly improved spent somewhere else. The more administrative work you aggregate, the more extra room you have to stash everything. Anytime you have got to seek advice from a document, you would need to go through piles of papers so as to access that document.
But with electronic signature devices and software, your documents can remain in digital form throughout their lifespan. They can be created online, signed online, and stored online. At no point will you need hard copies of the documents, which consequently means no paperwork to deal with.


3. Escalate Security and Reliability

Your paper archives are not as protected and safe as you may think. The file are inclined to get stolen, misplaced, destroyed, tampered with, and so many different threats. The electronic signature pads can offer reliable security and safety for the documents. This solution uses security protocols to send, receive, and store your electronic documents. It also facilitates encryptions as evidence to make certain more authenticity and credibility for the transactions.


4. Huge Time and Cost Saving

It is evident that taking signatures on paper-based documents get delayed due multiple issue, incorrect content, scanning, printing and many more. Using e-signatures devices, the complete process is often completed among minutes or seconds. It is worth noting that saving so much precious time in business may be immensely beneficial, which brings us to our next point.
E-signatures facilitate in creating your business operations lots additional cost-friendly. It is the smart to save cost here and there that will eventually add up to make your business more profitable in the long run. The amount of cash spent on paper, or on different related things like printing, xeroxing, couriering, and so forth, is saved. Plus, the cash conserves here may be used to discover new opportunities for the organisation.


5. Higher Client Satisfaction

Safeguarding the customers is most vital for running a business successfully and e-signatures helps in achieving higher customer satisfaction. This solution offers the ability to sign anywhere and anytime, hence the signing experience becomes very efficient. Your clients will certainly appreciate this new ease of signing documents.

Last but not least, by adapting to e-signature solutions, you are also saving the environment by reducing the use of paper that in turn will preserve the trees.
Now that we have discussed the several benefits that electronic signature solutions for a business, you know why incorporating it is indeed a great idea. You can take a step forward in the year 2019 with this idea and experience all the great benefits for yourself.
To know more about the devices and software, you can visit www.sigplex.co.uk or mail us at contact@sigplex.co.uk

Source:https://www.sigplex.co.uk/blog/how-electronic-signature-devices-can-improve-your-business/

Signosign Adobe Plugin

Today, the most important element for all legal documents like contracts, agreement, financial receipts are handwritten signatures, as in this digital era, all documents are drafted in digital format. Hence, in this case, one needs to waste a lot of resources, paper, ink, time and money.
The best way to stop the wastage, the electronic signatures are the best solution for all, individuals or business. The digital solution allows you to sign on Word, Excel and PDF also.But, what about the handwritten signature? For legal documents we need it. We have two options if you already have a signature device from Sigplex.

The Signosign Adobe Plugin is a small extension for Adobe Reader and Acrobat and with no media or application breach, you can sign PDF documents and forms directly in the familiar environment of the Adobe product. The signature will be ISO-compliant to meet the international standards and will be  and placed in the document according to requirements of the advanced electronic signature. This ensure the document by making it tamper-proof. Thus, the signed document can be checked at any time and without any effort and can be presented in the court as evidence.

The features of Signosign Adobe Plugin:

• Captures a handwritten signature including biometric data
• Supports Windows Tablet-PCs
• Maintain standards according to ISO 19005-1:2005, 32000-1:2008

Another software for signing and creating PDF is Signosign/2 which we recommend more than Signotec Adobe Plugin. Signosign Adobe Plugin recognises the position of the signatures automatically. It allows you to define specific attributes for the signature field or let the defined documents be displayed on the pad before signing.

You can also use the Signosign Adobe Plugin software for the below configuration:

• Mail options
• Content Signing
• Language selection
• Printer pre selection
• Certificated timestamp
• Creating document types
• Opening multiple documents
• Manifold archiving options
• Definition of signature fields
• Definition and processing of index data

For some of the organisations, one of these software is a must:

1. Small and Medium Enterprises
2. Health Care Centre (Hospitals)
3. Banks, Finance and Insurance sector

All the above industries require a lot of paperwork, hence these sectors must use the digital signature solution to compete with the world as well save the resources like, stationery, time and money. This solution will also help to improve the quality of business submissions and reducing turnaround time and streamline various activities, by making it easy and smooth.

Sigplex offers the Sigma, Omega, Gamma and Delta LCD Signature Pads, that can be used with our plug-in to reduce the workload of your business.

For more information about our software and hardware, you can visit our website www.sigplex.co.uk or mail us at contact@sigplex.co.uk.

Source:https://www.sigplex.co.uk/blog/importance-of-handwritten-signatures-signosign-adobe-plugin/

Why Electronic Signature In Business

Why Use E Signature In Business

Technology has made life faster, easier, and more accurate to businesses and consumers. However, there is one area in which businesses are still skeptical about which is also a digital technology: electronic signatures. Maximum companies still rely on the traditional method of signature on paper with ink. They are not aware of how the electronic signature devices will impact the brand image and overall customer experience. Electronic signatures are accepted by enterprises worldwide which makes signing documents easier and allows businesses to close deals faster.

Why your business should use Electronic Signatures in 2019?

Find the complete details for reasons your business should use Digital Signatures in 2019

• Time & Cost Saving
• Faster & Simple Solution
• Environment Friendly Solution
• Faster Decision Implementation
• Encrypted, Secured & Legal documents

If you are not sure whether to switch to electronic signatures, here are five important reasons to consider:

• Faster & Simple Solution
The documents containing legal agreements can be sent via email without meeting the client in person. No more meeting schedules; just send the document and get it signed. It takes seconds to sign and send.


• Time & Cost Saving
No spending time on printing, scanning or faxing, and then mailing it to client and vice versa. It’s evident how excessively time-consuming things can get with paper-based signatures. Electronic signature pads, will save the cost of resources like paper, printing and scanning for both the parties. It is worth noting that saving so much precious time and money in business can be immensely beneficial.


• Encrypted, Secured & Legal documents
E-signatures are legally accepted world wide and are able to offer much greater security and safety for the documents. Digitally signed documents are embedded with the details and record all the necessary evidence related to the signing typically including IP address, time, date, email address and geographic location. This creates an audit trail for the document and keeps it securely stored in your system.


• Faster Decision Implementation
Making decisions in business usually time taking where several documents need to be signed and approved by various stakeholders. Electronic signatures gives businesses greater versatility in time-sensitive situations. The electronic devices shortens the time gap between decisions and fastens the approval process of the formalities.


• Environment Friendly Solution
Increased paper usage creates tremendous stress on the environment, as making paper uses a lot resources like water and trees. Both are are most crucial resources for this generation, looking at the pollution and global warming constraints. By adopting electronic signatures one is not only ensuring progress for the business but also contributing to saving the environment by significantly reducing the paper consumption. It is a win-win for both, the business as well as the environment!

Please do not go into a panic mode if you are still using the traditional pen and paper method, but we are sure, you will surely incorporate this solution to your business soon.

If you wish to know more about the electronic signature solutions, hardware and software, we are always at your service and more than happy to answers all your queries related to the signature solution.

You can easily visit our website www.sigplex.co.uk or mail us at contact@sigplex.co.uk

Source:https://www.sigplex.co.uk/blog/reasons-your-business-should-use-electronic-signatures/

Implementation Of Digital Signature In Banking

Some banking procedures such as account openings, loans, mortgages, and investments requires loads of papers to be Signed by the customer, from the initial form filling to the final documentation of the transaction; This leads to huge costs (paper, toner, delivery) and longer delays.

Banks and credit unions can significantly reduce the risk of fraud by implementing a verification system of electronic signatures using the biometric data captured with an Sigplex signature pad. Signature authentication can be performed quickly and securely thanks to the encrypted data transfer between the Sigplex signature pad and the PC, tablet or smartphone.

• Public Key Infrastructure (PKI) technology is an encryption verification technology, which offers the highest  standard of verification for identifying an individual signature.
• This results in the reduction of compliance risk in several areas, including fewer errors on signed documents, templates to standardise and lock down documents, tracking functionality that provides an audit trail, and integrations with document repositories that ensure documents are properly stored.
• A paper document can be modified after being signed by an unauthorized person, but to forge e-signatures is virtually impossible, the integrity of the data is assured.
• In fact, electronic signatures guarantee:
• Authenticity of both sender and recipient
• Integrity: the system detects any alteration in transmitted data
• Non-repudiation: neither party can contest the signed document.

Electronic signature policy and technology create incredible potential in the financial and banking sector, however, it would be naive to claim that transitioning to the technology isn’t an important commitment. Check out our range of e-signature devices to be used in banking and financial services to reduce your organisation’s time and various resources.

Source:https://www.sigplex.co.uk/blog/banking-implement-security-digital-signature-devices/