16 January 2018
visit www.ebaday.com

Cypress adds Topaz e-signature technology to loan decisioning package

23 January 2008  |  1698 views  |  0 Source: Cypress Software Systems

Cypress Software Systems, LP will offer electronic signature capabilities with its Mark IV automated consumer loan decisioning platform, beginning with the software's Release 4.5 that is scheduled for availability in early 2008.

As part of the initiative, Cypress has partnered with Topaz Systems Inc. of Simi Valley, Calif. and will resell their SignatureGem LCD pads to banks, credit unions and other financial institutions that want e-signature capability. Lenders can apply e-signatures to a number of required loan documents, including credit applications, Truth-in-Lending (TIL) documents, Good Faith Estimates (GFEs), balloon note disclosures and Underwriting Decision Reports (UDRs).

"Today's consumers want a quick and efficient loan application and approval process, and lenders need tools that offer convenience and efficiency to the borrower at the point-of-sale," said Stephen G. Sargent, president and chief executive officer of Cypress Software Systems. "e-signature capability, combined with our automated credit decisioning software, provides that enhanced customer experience, while enabling a paperless, secure and more cost-effective process for the lender."

The e-signature feature will be available through Mark IV via signature pads like the Topaz units, and later versions of the lending software will allow more advanced capabilities, including online e-signatures.

"Cypress has a firm grasp on the needs of both lenders and borrowers in the financial industry, and they will be a great partner as we expand further into that vertical market," said Anthony Zank, president and chief executive officer of Topaz Systems. "Our products like the SignatureGem LCD pads offer high-quality capture features that ensure a borrower's signature is both clearly and securely acquired during the loan application process."

Cypress' Mark IV offers flexible, risk-based processing software for consumer loans that tracks applications from the point of entry to the point of decision. Mark IV lets lenders take loan applications electronically while interviewing applicants, quickly retrieve and interpret credit reports, efficiently review sources of repayment, and deploy their loan policies. This ultimately leads to a quick, automated loan decision.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.thomsonreuters.infovisit www.niceactimize.com

Top topics

Most viewed Most shared
Buffett rubbishes cryptocurrencies; South Korea preps exchange crackdownBuffett rubbishes cryptocurrencies; South...
10823 views comments | 15 tweets | 17 linkedin
BNP Paribas Asset Management completes fund transaction blockchain testBNP Paribas Asset Management completes fun...
9596 views comments | 14 tweets | 31 linkedin
Transferwise ships borderless debit cardTransferwise ships borderless debit card
9242 views comments | 13 tweets | 22 linkedin
Ripple surge makes waves in stock marketRipple surge makes waves in stock market
8968 views comments | 12 tweets | 9 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
8430 views comments | 17 tweets | 18 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job