Continues to Lead Industry with Newest Innovation – Direct to Indirect Auto Financing

Irving, Texas (PRWEB) August 3, 2009, an online auto finance company, is launching its newest innovative product expansion to their marketplace lending platform to include, direct-to-indirect lending. This expanded lending product enhances the company’s marketplace lending platform leveraging its patent pending Preferred Placement℠ technology. Preferred Placement℠ matches consumers to direct lenders through a sophisticated scoring process resulting in a high approval rate and funded loans.

The marketplace lending platform that now includes, ‘Direct-to-Indirect’ leverages current economic conditions, and provides an innovative hybrid model that matches consumers to indirect lenders. This process utilizes established technologies and processes but allows for the addition of indirect lenders and their dealer networks. Typically direct lending customers receive a check-in-hand and can shop with any franchised dealer they choose. The expanded platform will match indirect approved customers, as well as, matched to the approving lender’s dealer network to close the loan.

Online customers will continue to benefit from the additional lenders available to approve and fund their auto loan. Lenders benefit from the additional quality customer base that presents, translateing into additional funded loans. Dealerships will benefit from the additional finance approved customer traffic directed to their businesses, thereby selling more cars.

The demand for both direct and indirect online auto financing has jumped significantly during the first six months of 2009. Finance applications for the purchase of new and used cars, as well as refinance loans, has risen sharply due much in part to the increase demand for the auto loan financing that diminished due to lending institution restrictions or exits from the auto lending marketplace.

These channels left consumers without options, and consequently, consumers have begun to apply online in search of alternative financing. They eagerly expanded their options searching for alternative financing solutions. This resulted in a large increase of auto loan application volume.

“We are absolutely delighted to be in a position to launch this latest marketplace platform lending product, and we’re confident it will delight our customers, lenders, and their dealers,” said Gregory Thibodeau, CEO of “Challenging markets lead the way for new product opportunities, and the direct-to indirect expansion, as presented by, is innovative and in strong demand.”

We believe that this continues to signal that demand for direct to consumer lending for the purchase of new and used autos, and that auto refinance loans are much bigger than the supply of financing. We experienced the same strong demand in the first quarter as we see lenders tighten credit and leave the direct market because of a lack of available ABS securitization.”

Thibodeau also stated that, “As we monitor the month to month activity, the strength of the demand that we see from our marketplace lending platform shows that customers continue to search for a less hostile lending alternatives. This is because of the overly cautious parameters that lenders are using to evaluate financing applicants.

Nationwide Title Clearing (NTC) Featured in Giants of Innovation

Palm Harbor, Fla. (PRWEB) January 16, 2012

Nationwide Title Clearing (NTC), the countrys foremost post-closing services provider for residential mortgages, is among the industry leaders featured in the new Giants of Innovation book from HousingWire. The publication will be released during the upcoming American Securitization Forum conference, which is the largest capital markets conference in the world. ASF 2012 will be held at the ARIA in Las Vegas from January 2225.

HousingWire publishes its Giants series annually. Giants of Innovation showcases leading mortgage technology companies, profiling select firms that exhibit strong business leadership, demonstrate a willingness to take risks, and create and implement cutting-edge products. While each concept is completely unique, there is one commonality that each company possesses each is an industry leader dedicated to pushing the envelope and setting the standard, said Paul Jackson, publisher.

NTC has made a name for itself by reinventing the mortgage assignment document process for the betterment of borrowers, homeowners, land records and the industry at large. These ongoing efforts have contributed to NTCs reputation as a true innovator. We collaborated with the nations most respected mortgage lenders and servicers to revolutionize the way mortgage assignments are prepared, stated John Hillman, CEO of Nationwide Title Clearing. Through our PerfectChain(SM) Assignment Verification Process, we have established best practices that set a new industry standard.

Hillman explained that NTC felt it was necessary to overhaul the assignment process to help mortgage lenders and servicers comply with government regulations as well as the standards mandated by their own legal departments. The process needed to be improved in such a way to guarantee and provide evidence of document accuracy, while also being feasible for mortgage lenders/servicers to implement, he elaborated. There are more than 3,600 county recording offices throughout the United States, and each one has its own rules and obligations. Our PerfectChain(SM) process makes it possible to meet the exacting requirements of every one of those offices.

NTCs land records/document experience and cutting-edge technology are described in greater detail within Giants of Innovation. ASF 2012 attendees may obtain a copy of the publication at the HousingWire booth in the conference exhibit hall. Additional copies will be mailed directly to an exclusive list of key mortgage servicers, lenders and investors, and an online version will be made available at a later date.

To learn more about Nationwide Title Clearing and its wide range of mortgage post-closing services, visit or call 727-771-4000.

About Nationwide Title Clearing, Inc.

Headquartered in Palm Harbor, Fla., Nationwide Title Clearing(NTC) was founded in 1991 and incorporated in 1992; and has since grown to become the nations leading post-closing services provider for the residential mortgage industry. In addition to supporting lenders, servicers and investors including eight of the top 10 residential mortgage servicers in the country NTC also contracts directly with several federal government agencies. The companys land records and document experts are able to track and fulfill county document requirements for more than 3,600 recording jurisdictions nationwide, and have considerable experience with state notary laws and valid execution practices. NTC specializes in processing lien releases, assignments, Mortgage Electronic Registration System (MERS

Silanis Wins Finalist Situation in IBMs CTO Innovation Award at Lotusphere

Montreal, QC (PRWEB) January 18, 2010

Silanis Technologies, the chief in Digital Signature Process Management, nowadays declared that it is a finalist for IBMs Lotusphere CTO Innovation award based on e-SignLive and e-SignRoom, two new e-signature method management services that Silanis has launched for LotusLive.


The CTO Innovation award acknowledges IBM Enterprise Companions who are foremost the technologies demand by exploiting the most current capabilities of LotusLive and WebSphere Portals in thrilling, new ways that stand out over their peers. e-SignLive and e-SignRoom have attained Silanis a finalist placement due to the fact they bridge the gap in between enterprise collaboration and organization process management to empower the industrys first collaborative e-commerce system.


Silanis and IBM announced an arrangement for the duration of Lotusphere 2010 that would see Silanis new e-SignLive and e-SignRoom e-signature approach management providers integrated with IBM LotusLive to empower business users, buyers and associates to electronically overview, modify and signal documents in a secure, compliant and collaborative, on-demand from customers atmosphere.


The solutions guidebook all parties via an digital document overview and signing process, although making sure documents are not able to be returned if they are missing any data, signatures or initials. Additionally, the companies create powerful Digital Evidence of what took location for the duration of the online method for authorized and audit reasons. The complete ceremony takes place in a world wide web browser so that no plug-ins, further software program or unique hardware are essential. This easy click on-to-indication, browser-dependent method can make it possible for any person to participate in an digital signing ceremony, and assures large user adoption.


Canderel, a single of Canadas biggest genuine-estate builders, will turn out to be a beta buyer of the joint solution. Canderel will bring organization partners and traders from around the entire world to the LotusLive on the internet collaboration platform to shut large value, commercial true estate advancement assignments making use of the built-in e-SignRoom providers.


We are incredibly honored to have obtained this prestigious recognition from IBM, mentioned Dr. Robert Al-Jaar, Govt Vice President and Main Technology Officer of Silanis. More and more companies are looking to perform mission-critical enterprise transactions with their global associates in excess of the net in order to accelerate human procedures and boost productivity. E-signatures make this attainable by enabling signatures to be captured electronically wherever, whenever, anyplace and by anyone.


Silanis has reached a amount of business firsts, like the very first web-based mostly, zero-obtain resolution created for processing buyer purposes, and a single of the very first integrated e-signature and e-vaulting answer to process consumer financial loans from origination to securitization. In 2009, Silanis released the worlds first e-signature procedure administration solution. E-signature method management goes over and above straightforward signature capture to execute transactions electronically from begin to finish. The remedy has been adopted by some of worlds leading insurance, lending and authorities companies.


About Silanis&#13

Silanis Technologies is the leading service provider digital signature process management answers. The worlds biggest insurance policy and fiscal providers companies, significant govt organizations, integrators and service vendors rely on Silanis to speed up company transactions and minimize charges whilst strengthening compliance with lawful and regulatory specifications. The companys digital signature system, ApproveIt