CSS sought an alliance in this product set because it recognizes as the pressure mounts for credit unions to stay compliant with changing regulations, they must also continue to find new growth opportunities, especially with the youth market. CSSSignLive, is providing access to technology that will help credit unions improve compliance, reduce risk, and lessen operational costs, said Wes Millar, CSS senior vice president.
"Electronic signatures can help credit unions expedite new member on-boarding and loan processing for members while ensuring business rules and compliance standards are being met," said Millar. "Silanis is a proven leader in the industry, processing more than 600 million documents annually."
CSS evaluated several major e-signature vendors and selected Silanis, based on the solution's flexibility, legal protection and ease of use.
"E-signatures align perfectly with the desire from credit unions to provide superior service, greater transparency and a reduced carbon footprint," said Silanis Technology CEO and co-founder Tommy Petrogiannis. The alliance with CSS "will make it even easier for a greater number of credit unions to get started with e-signatures," he said.
Silanis recently started working with Sharonview FCU, a $1.03 billion-asset credit union in Fort Mill, S.C., to automate the secure delivery of mortgage disclosures. In a press release, Sharonview Chief Information Officer Mark Johnson said e-signatures will help the credit union serve its widespread membership and move to straight-through processing.
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