LEE, MA--(Marketwired - Apr 15, 2013) - eSignSystems, a division of Wave Systems Corp. (
With this latest release, SmartSAFE introduces a secure pipeline for transmission of any digitally-signed document, along with its complete audit trail, in a SAFEpackage protected by a tamper evident seal that can be cryptographically verified by a third party. With a new 'SAFE to SAFE' feature, customers can securely transfer eSigned documents between corporate divisions, or even with trusted external partners. The result is a true paperless document management system that enables secure collaboration, without compromising security or compliance.
"eSignSystems has automated document management from start to finish, extending secure pipelines that act like a virtual private network for collaboration and transmission of documents," said Kelly Purcell, executive vice president of Wave's eSignSystems division. "In financial services, this allows for cloud signing for example, with a SmartSAFE that can be accessed by a network of independent agents or brokers before secure transmission to another SmartSAFE -- at an insurance carrier; an investor or an IVES vendor handling income verification. We handle the mechanics of shipping requests and results between each SmartSAFE at remote or partner locations."
Mortgage Builder Chooses SmartSAFE to Streamline Loan Origination
With the mortgage industry moving toward a true paperless environment, Mortgage Builder Software, Inc. set out last year to redesign their core loan origination solution, Architect, to leverage the benefits that a fully-electronic loan origination system can provide to its customers. The comprehensive solution provides lenders of all sizes with technology solutions typically only available to the largest companies -- from pre-qualification and loan origination through to warehousing.
"As an end-to-end solution we need to evolve along with, or even ahead of, industry technology so we chose to partner with eSignSystems as the industry leader in eDocument lifecycle management," said Keven Smith, President at Mortgage Builder Software, Inc. "We're excited to be able to auto-image everything in the SmartSAFE, then feed those eDocuments back into other systems through SmartSAFE eDelivery."
Mortgage Builder's customers are excited by the time and cost savings that eDocument processes offer, but the added security is the real sell. "With electronic documents, our customers see a reduction in errors and optimized workflow," continued Smith. "And they gain peace of mind knowing that every eDocument features tamper evident seal and a full audit trail for meeting compliance regulation needs."
With SmartSAFE, Mortgage Builder clients can now have borrowers electronically sign their 4506-T form from the convenience of their home or a field office, and then immediately process that verification form with the IRS. SmartSAFE 6.01 has also introduced direct support for the Internal Revenue Service (IRS) 4506-T form, which is used by lenders, insurers and healthcare firms to obtain tax transcripts for consumer and business income verification. On January 7th, the IRS began accepting electronic signatures on 4506-T form, removing the final barrier to adoption of eSignatures and paperless transactions for many financial business sectors.
The eSignSystems' SmartSAFE software has been deployed worldwide in financial services, insurance, government and healthcare sectors. Maintaining electronically signed records is essential to the lifecycle of legally binding transactions. Once created, these electronic records are verified for authenticity and are securely deposited in SmartSAFE. All records are verified and authenticated from eDelivery through eRetention; ensuring that the access or signing credential (i.e. digital certificate, username or password) is verified and that the records remain free from tampering. Additionally, the SmartSAFE continuously updates the status of the transaction's execution for up-to-the-minute reporting purposes. SmartSAFE software can either be licensed for private-labeled, on-premise deployment or is available through eSignSystems' Solution Providers.
eSignSystems, a division of Wave Systems Corp. (
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Except for the statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to fund operations, the ability to forge partnerships required for deployment, changes in consumer and corporate buying habits, chip development and production, the rapid pace of change in the technology industry and other factors over which Wave Systems Corp. has little or no control. Wave Systems assumes no obligation to publicly update or revise any forward-looking statements.
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