Lending Club’s adoption of eOriginal’s eAsset Management Solution for eVaulting and securitization is an example of the company’s high standards and commitment to risk management, security and controls.
BALTIMORE (PRWEB) August 03, 2016
eOriginal, Inc., the experts in digital transactions, announced today that it has added Lending Club (NYSE: LC) to its roster of companies integrating eOriginal’s eAsset® Management solution to provide digital capabilities that are quickly becoming the industry standard. The fully digital financial transaction management environment provides the greatest level of certainty and confidence throughout the entire lifecycle of the asset, from vaulting to securitization or collateralization.
eOriginal enables its customer companies to deliver easier auditability and provide their capital partners with the comfort that investor-owned loan documents can meet funder requirements with verifiable security, compliance and authenticity. With its digital asset management process, eOriginal’s solution quickly and easily scales to meet the needs of investors. Additionally, modification during the asset’s lifecycle are executed electronically, significantly speeding up the time to re-register the loans to the fund and decreasing the possibility of human error.
“Lending Club’s adoption of eOriginal’s eAsset Management Solution for eVaulting and securitization is an example of the company’s high standards and commitment to risk management, security and controls,” eOriginal President and CEO, Stephen Bisbee said. “They are achieving this by integrating the preeminent technologies and implementing best practices. We are excited to work with Lending Club and be part of the industry’s ongoing evolution as it becomes a vital part of the financial services landscape.”
For both alternative and traditional lenders, eOriginal provides the maintenance, control and use of critical documents that have an intrinsic value, such as negotiable instruments, in a fully digital environment that has garnered the trust of rating agencies and custodians. The result provides maximum confidence in the entire lending process while also creating valuable efficiencies in moving assets to the secondary market.
About eOriginal, Inc.
Founded in 1996, eOriginal is the trusted expert in digital transaction management solutions, specializing in the post-execution management of financial asset documentation. eOriginal SmartSign® and eAsset® Management Services enable an end-to-end solution for fully electronic transactions that must be managed with the highest levels of security and compliance throughout their lifecycle. By treating every transaction as having assets that must be verifiably secure, legally compliant and enforceable, eOriginal provides its customers and partners with eCertainty®. For more information, please visit http://www.eoriginal.com. eOriginal®, eAsset®, eOriginal SmartSign® eCertainty®, and Datalytics™ are trademarks of eOriginal, Inc. and are registered in the United States or in other jurisdictions.