October 17, 2016 8:56 am

Jay Bruce and Benjy Cook

Digital authentication creates a unique alpha-numeric identifier for each signer in a transaction and places that identifier on every document, on the appropriate signature line, wherever that person’s signature is required. The identifier is also placed under the signature line of the Electronic Signature Consent Form that is signed by the borrower using wet ink. A further security measure creates a unique document identifier that is printed on each page of the e-signed document and is cross referenced on the authentication agreement to link the signature to the document.

This methodology is secure and removes the expense of Signature Pads and the concern that the bank could retain the electronic image of a signature and use it without the consent of the borrower.

The CoPilot Loan and Deposit System utilizes Digital Authentication for those banks that wish to take advantage of this technology. CoPilot also easily allows you to remove the digital authentication from any document in a transaction (such as a note or mortgage) if you want a “wet” signature. It’s ingenious, simple, elegant programming – fully compliant with the requirements of the Electronic Signatures in Global and National Commerce Act (E-Sign Act).

Contact us today to schedule a free demonstration and find out how ABS’ signature systems improve efficiency, accuracy and compliance.