The implementation of electronic signature technology that has led to 75% to 95% closed loan ratios for online mortgages at Guaranty Bank was a centerpiece at Saturday's eLynx user conference held in Phoenix, just prior to the 2004 MBA national technology show.The uSign automation, which was built in compliance with the Uniform Electronic Transactions Act and the Electronic Signatures in Global and National Commerce Act, was designed to deliver disclosure packages and other loan documents online without incurring mail and courier fees or experiencing delays in receiving signed documents. Powered by Silanis, the technology allows borrowers to view documents at their convenience before signing electronically. eLynx first introduced its uSign electronic signature technology at the 2003 MBA Tech conference. In 2003, some 20% of the Guaranty Banks's total loan origination volume was sourced to the Internet. To increase its percentage of online business - and the closed loan rate for Internet borrowers - Guaranty began using uSign in December 2003 at its mortgage company, Guaranty Mortgage.

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