30 April 2017
Visit EBAday.com

San Mateo Credit Union signs for IMM workflow tech

19 August 2014  |  1405 views  |  0 Source: IMM

IMM, a pioneer of integrated eSignature, workflow and document solutions for the modern business enterprise, recently worked with $780 million San Mateo Credit Union to add its workflow technology to an existing IMM eSignature implementation.

As a result, San Mateo has further streamlined its consumer lending operations by keeping the entirety of the business transaction electronic.

San Mateo is a longtime IMM customer, using its flagship eSignature and document presentment platform, TotaleAtlas, in conjunction with the cloud-based remote eSignature service, Document Exchange. Earlier this year, the credit union added TotaleAtlas Workflow to help control and enforce critical eSignature processes. TotaleAtlas Workflow enables San Mateo to build unlimited specialized workflows based on a variety of business rules and parameters, ensuring tasks occur in accordance with established policies and procedures. Automating the routing of documents to the right person at the right time, while keeping predetermined tasks in their prescribed order through to completion, drives efficiency as well as bolsters the credit union's compliance environment.

"Consumer loans have always been a high-volume operation for us," said Pete Kneisler, CTO of San Mateo Credit Union. "Right away, we noticed TotaleAtlas Workflow created a time savings of approximately 20 percent; eliminating scanning alone saves employees more than an hour per loan. By automatically routing documents and keeping them electronic throughout the entire process, TotaleAtlas Workflow enables us to accelerate timelines, automate audit functionality and greatly improve document oversight."

Once loans are underwritten and documents are generated, TotaleAtlas Workflow allows San Mateo to complete transactions and related processes free of paper through the final eSignature. The credit union already has identified 35 additional workflows it plans to apply to other areas and back office functions.

John Levy, IMM executive vice president and ESRA (Electronic Signature & Records Association) board member, said, "In addition to providing the technology that makes process automation possible, IMM's expert team works directly with our customers to identify the optimal workflow sequences for their organization. With the volume of consumer loans San Mateo produces, cutting out manual processes and constant phone calls to communicate the status of every document means money is delivered to members faster, and employee productivity ultimately saves money for the credit union." 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Find out morevisit dh.comvisit vasco.com/news/PSD2-compliant-solutions

Top topics

Most viewed Most shared
Six global banks join Swift DLT trialsSix global banks join Swift DLT trials
7968 views comments | 16 tweets | 36 linkedin
BBVA steps up fintech acquisition strategy with purchase of OpenpayBBVA steps up fintech acquisition strategy...
7148 views comments | 17 tweets | 16 linkedin
JPMorgan formally quits R3JPMorgan formally quits R3
7020 views comments | 25 tweets | 15 linkedin
Should central banks open up payment and settlement systems to non-banks?Should central banks open up payment and s...
6293 views comments | 22 tweets | 21 linkedin
Token raises $15.7 million as PSD2 approachesToken raises $15.7 million as PSD2 approac...
6019 views comments | 20 tweets | 20 linkedin

Featured job

to 120K base, £300K ote, stock options
London, UK

Find your next job