XSell, SigniaDocs Partner to Offer Fully Automated eModification Service

February 26, 2008

NEW ORLEANS--XSell®, a provider of enterprise-wide, customer-centric sales, marketing and service platforms and SigniaDocs, Inc., which offers a full eMortgage solution for electronic signature, SMARTDocs® and eDocument management, announced at the 2008 Mortgage Bankers Association’s (MBA’s) National Mortgage Servicing Conference & Expo, an alliance to offer quick loan modification services to mortgage lenders.

As mortgage lenders and investors are facing massive losses in portfolio value due to falling interest rates and a pending wave of adjustable rate mortgage (ARM) resets, the need to quickly identify and contact potential customers for loan modifications or refinances is imperative. The alliance between XSell and SigniaDocs provides mortgage institutions with a Web-based tool that is easily integrated into existing systems, at a low cost.

The XSell platform is specifically designed to leverage an institution’s existing customer data to identify and target customers who meet the appropriate criteria for loan modifications or potential refinance offers. Once customers are identified, the SigniaDocs eModification platform provides the ability to quickly and easily complete the loan immediately online.

“Not only does the XSell and SigniaDocs alliance create a complete platform, it is one that can be fully operational within weeks,” said Steve Phillips, executive vice president of XSell. “SigniaDocs’ expertise in electronic loan processing offers a complete go to market solution of marketing and fulfillment tools that are unmatched in the marketplace today.”

“XSell has changed the way that major financial institutions target and present product offers to customers,” said Tim Anderson, President of SigniaDocs. “Combined with our eModification service, lenders can identify, present offers and close loans in a fraction of the time online.”

Source: XSell and SigniaDocs, Inc.

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