Silanis' ApproveIt ® Web Server allows consumers to review and e-sign loan application documents electronically on the QuickenLoans.com site as soon as they have been pre-approved. This fast and legally binding e-signature alternative shortens the loan application process by up to five days.
This results in a shorter turnaround time for the loan approval and quicker funding for the consumer. ApproveIt is a zero-download, server-based solution that does not use special software - only a Web browser. This solution uses Quicken back-end loan-origination systems, thereby securing transactions and ensuring a legally enforceable, e-signature compliant process.
Apart from cutting overhead costs, this initiative saves paper. One does not need to verify signatures in paper forms manually or re-enter data into the automated systems.