Alliant Credit Union has selected DocuSign eSignature service to complete its closed-end loan process in compliance with upcoming changes in Regulation Z. DocuSign is a provider of on-demand electronic signature solutions.
Through DocuSign, Alliant members will electronically sign loan applications avoiding the hassle of printing, signing and faxing or mailing bulky, multi-page applications. Alliant will launch DocuSign this summer to its 250,000 members and anticipates nearly 1,000 closed-end loans will be e-signed each month using the DocuSign eSignature service.
Ericka Gorman, consumer loan product/project manager at Alliant Credit Union, said: “Alliant chose DocuSign after vetting a number of competitors that simply didn’t measure up. DocuSign was clearly the most efficient, user-friendly way to transact the loan e-signing process. As 70% of our loans are conducted online or through our call center, we wanted an eSignature service that was easy and cost-effective for our growing membership and DocuSign was the unanimous favorite.”
Steve King, president and CEO of DocuSign, said: “Alliant Credit Union consistently provides superior financial value and an on-going commitment to improve the member experience and financial well-being. DocuSign is pleased to be working with Alliant to help them streamline its new loan signing process, increase efficiencies and further enhance member satisfaction.”