iSign(R) Enterprise Meets All FHA E-Signature Requirements
February 06 2014 - 9:23AM
Communication Intelligence Corporation ("CIC" or the "Company")
(OTCQB:CICI), a leading supplier of electronic signature solutions,
celebrates the FHA's recent acceptance of e-signatures on FHA
mortgage documents, as defined in its Mortgagee Letter 2014-03 that
was released on January 31, 2014.
Over the last year, CIC is proud to have played an active role
working with the FHA on its acceptance of electronic signatures,
removing the previous barrier that required an FHA specific
signature process. The FHA approval covers e-signatures for
origination, servicing and loss mitigation, as well as FHA
insurance claims, REO sales contracts and other related
addenda.
"The FHA's acceptance of e-signatures has been considered by
many to be a last hurdle in the quest for broad adoption of
paperless technology in the mortgage industry," stated Robert
Williams, vice president, sales for CIC. "Along with last year's
acceptance by the IRS of e-signatures on Form 4506T, we expect the
FHA's new policy to drive exponential growth for e-signature
adoption in the mortgage sector. As a leading provider of
e-signature solutions to financial service companies, CIC is
uniquely positioned to support our clients and partners in the
lending and mortgage industries to streamline their process and
deliver secure, flexible and scalable solutions to enable a
completely paperless business workflow."
CIC's SignatureOne® Ceremony® Server, and its related family of
iSign® products and services that, in addition to meeting those
released by the FHA, are fully compliant with ESIGN and UETA
standards for e-signature solutions. Without sacrificing the
benefits of a robust, standardized and scalable software solution,
CIC provides customization and flexibility to its clients in the
selection of electronic signature methods, on-premise or
cloud-hosted deployments and remote or face-to-face signature
capabilities, as well as additional options to meet the unique
requirements of our clients' business, IT and diverse regulatory
and compliance requirements.
For more information on the FHA approval, click here to view an
informative video published by American Banker or contact Christian
Wright, director, mortgage and financial solutions for CIC, on
+1.650.802.7745. To learn about all of our products and services,
please visit our web site at www.cic.com or call us on
+1.650.802.7888.
About CIC
CIC is a leading supplier of electronic signature products and
the recognized leader in biometric signature verification. CIC
enables companies to achieve truly paperless workflow in their
electronic business processes by providing multiple signature
technologies across virtually all applications. CIC's solutions are
available both in SaaS and on-premise delivery models and afford
"straight-through-processing," which can increase customer revenue
by enhancing user experience and can also reduce costs through
paperless and virtually error-free electronic transactions that can
be completed significantly quicker than paper-based procedures. CIC
is headquartered in Silicon Valley. For more information, please
visit our website at http://www.cic.com. CIC's logo, SignatureOne®
Ceremony® Server and iSign® are registered trademarks of CIC.
Forward Looking Statements
Certain statements contained in this press release, including
without limitation, statements containing the words "believes",
"anticipates", "hopes", "intends", "expects", and other words of
similar import, constitute "forward looking" statements within the
meaning of the Private Litigation Reform Act of 1995. Such
statements involve known and unknown risks, uncertainties and other
factors, which may cause actual events to differ materially from
expectations. Such factors include the following (1) technological,
engineering, quality control or other circumstances which could
delay the sale or shipment of products containing the Company's
technology; (2) economic, business, market and competitive
conditions in the software industry and technological innovations
which could affect customer purchases of the Company's solutions;
(3) the Company's inability to protect its trade secrets or other
proprietary rights, operate without infringing upon the proprietary
rights of others or prevent others from infringing on the
proprietary rights of the Company; and (4) general economic and
business conditions and the availability of sufficient
financing.
CONTACT: CIC
Investor Relations + Media Inquiries:
Andrea Goren
+1.650.802.7723
agoren@cic.com
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