Searching for ways to improve member service, speed up the loan process and comply with multi-featured, open-ended lending regulations, many credit unions have found a solution in remote signing technology.
And, experts say the approval of the E-SIGN Act of 2000, along with improvements in mobile banking and cloud-based computing, have made e-signature solutions economically viable for credit unions of all sizes.
In addition to reducing paper use and costs, the use of e-signatures provides an electronic audit trail for each step, which boosts security and accuracy.
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