Montreal, QC (PRWEB) February 19, 2009
Silanis Technology, the leader in e-signature process management, announced today that it will co-present "E-Closings and E-Signatures: Know the Law" with law firm, Locke Lord Bissell & Liddell LLP at the 2009 National Compliance Summit. The session will take place on Friday, February 20th at 8:30 am (EST), and outline the evidence requirements for electronically signed mortgage applications and closing documents and what processes provide the strongest defense in court.
While the E-SIGN Act was passed into legislation nearly ten years ago giving electronically signed records the same legal validity as their pen and paper counterparts, it is no guarantee that the records will be admitted into court as evidence, or that electronically signed records will provide the needed defense to ensure a positive outcome in the event of litigation.
During the session Michael Laurie, Vice President of Strategic Development at Silanis Technology, and Gregory T. Casamento, Partner at Locke Lord Bissell & Liddell LLP, will draw from real-world technology deployments within the financial services industry to highlight the growing adoption of electronic signatures. The case studies will demonstrate how providers are strengthening the enforceability of their electronically signed loan documents by capturing greater evidence than is currently available with paper contracts. The following topics will be covered during the session:
- How to automate the enforcement of regulatory requirements and ensure that no information or step in the document review and signing process are missed
- How an electronic process can help individuals to better understand contract terms and that they are entering into a binding agreement
- What information can be captured along with the electronically signed document to create strong electronic evidence for internal control, audit and legal purposes.
- How to deliver the electronic evidence in a format that can be easily presented, reviewed and understood in a court of law
- How to register mortgage e-notes with the MERS e-note registry and support e-delivery through MERS and directly to Fannie Mae.
Locke Lord Bissell & Liddell LLP is a national law firm with offices across the country with experience helping companies design and implement e-signature processes. Silanis Technology is a leading provider of electronic signature solutions for the financial industry. The company recently released ApproveIt Web Server 3.0, a new breed of electronic signatures known as electronic signature process management. The solution goes beyond simple signing to capture the strongest legal evidence by managing e-signature transactions form beginning to end. This includes disclosure delivery, document access and distribution, recording of all screens viewed and actions taken by the consumer during the on-line process, the archival and retrieval of completed packages, and evidence review tools for displaying and presenting the electronic evidence in legal and regulatory proceedings, audits and disputes.
To register for the "E-Closings and E-Signatures: Know the Law" session or learn more about the 2009 National Compliance Summit, visit:
About the Speakers
Michael Laurie, Vice President: Strategic Planning, Silanis Technology
Michael Laurie, co-founder and vice president of Strategic Development, Silanis Technology, oversees product and industry marketing and strategy for the company. With more than 20 years' experience, he is a recognized expert on enterprise solutions for the application and compliance of electronic signatures, vaulting and transactions, and frequently presents on these topics. Mr. Laurie also represents Silanis in industry associations and standards committees related to financial services, insurance and government. He is a founding board member of the Electronic Signatures and Records Association (ESRA).
Gregory T. Casamento, Partner, Locke Lord Bissell & Liddell LLP
Greg Casamento is in the New York office of Locke Lord Bissell & Liddell. Greg's practice focuses on business, commercial, insurance and intellectual property litigation. He has significant experience litigating matters for his clients before both the State and Federal Courts of New York, and before a variety of New York state administrative bodies. He regularly advises clients on various aspects of designing and implementing effective, enforceable electronic signatures processes, with a special focus on the admissibility aspects of the records to enforce or defend claims relating to electronically signed or delivered documents.
Silanis Technology is the leading provider of e-signature process management solutions. The world's leading insurance and financial services companies, major government agencies, integrators and service providers depend on Silanis to accelerate business transactions and reduce costs while improving compliance with legal and regulatory requirements. The company's electronic signature platform, ApproveIt®, is an enterprise-class e-signature process management solution that transforms paper-based business transactions to all-electronic, web-based processes for e-commerce and e-government http://www.silanis.com