Signatures, notary seals go digital
September 10, 2002
CIC, Safedocs form partnership that allows end-to-end paperless transaction
Inman News Features
Buyers, sellers, lending institutions, notaries and recording agencies have the ability to execute and sign all transaction documents in a secured paperless environment through the partnership formed by Communication Intelligence Corp. (Nasdaq: CICI) and Safedocs.
The partnership uses CIC's Sign-it eSignature technology and Safedocs' enabling software to automate the entire transaction, including signatures and notary seals, according to CIC.
The paperless offering is the first to be approved by the California Secretary of State for applying digital notary seals with biometric signatures to recordable real estate documents, according to CIC.
Placer Title Co., a title insurance and escrow agency, and the Trinity County Recorder were the first participants to utilize the Safedocs system, according to CIC.
Safedocs' digital packaging service provides an end-to-end electronic closing, loan document and reconveyance system that allows lenders, title companies and recorders to automate current work flow processes while using their existing document systems, according to CIC. The service enables each person involved in the transaction to have access to any and all documents comprising the overall real estate loan closing.
Communication Intelligence Corp. provides electronic signature, biometric security and natural input services. The company's core software technologies include multilingual handwriting recognition systems, biometric signature verification, natural messaging and operating system extensions that enable pen input.
Northern California-based Safedocs provides an end-to-end Web-based application that digitizes the loan closing and reconveyance workflow procedures for the real estate lending industry.
Copyright: Inman News Service