BECU Chooses DocuSign for Leaner, Greener Loan Processing
Washington State Financial Institution Increases Member Satisfaction with DocuSign Electronic Signature Service
SEATTLE – February 2, 2010 - DocuSign®, the leading provider of on-demand electronic signature solutions, today announced an agreement with BECU, Washington State's largest credit union, to deploy DocuSign's e-signature service within the BECU consumer lending workflow. BECU, with assets of more than $8.5 billion, selected DocuSign to replace the time-consuming and costly paper-based loan signing process. The amount of the agreement was not disclosed.
BECU is the largest not-for-profit financial institution in Washington State with more than 620,000 members and more than 45 financial centers. This member-owned financial institution is dedicated to seeking ways to offer members the best value and service in financial products, while also further enhancing the credit union’s environmentally-friendly paperless initiatives. As a result, BECU chose DocuSign to deploy a faster, less costly and greener method to sign loan documents.
"At BECU, we put our members first by helping hard working people achieve their goals through competitive financial products and services," said Aaron Bresko, vice president of lending at BECU. "DocuSign's e-signature service will help streamline and accelerate our loan signing process, and we can pass the cost- and time-savings onto our members."
DocuSign will offer BECU members anywhere, anytime convenience to safely and securely sign loan documents online. Using a laptop or mobile device with Internet access, BECU members can electronically sign and return loan documents in minutes—thereby significantly reducing the time, environmental impact and cost of traditional paper-based loan processing. The DocuSign service will provide BECU members additional value and will complement the high quality of service members have come to expect.
"We are pleased to be partnering with this innovative financial institution," Steve King, CEO and president of DocuSign. "We look forward to working with BECU to shave costs and accelerate the loan signing process, while enhancing member satisfaction."
Governed by a volunteer Board of Directors, BECU is a not-for-profit credit union owned by the members. Profits are returned to the members in the form of better rates and fewer fees. With more than 600,000 members and more than $8 billion in assets, BECU is the largest credit union in Washington and one of the top five financial cooperatives in the country. BECU currently operates over 45 locations in the Puget Sound region. All Washington state residents are eligible to join. For more information, please visit: www.becu.org.
About DocuSign, Inc.
DocuSign, Inc. is the leading provider of on-demand software services for electronic signature.DocuSign empowers individuals, small businesses and global enterprises to operate faster and more efficiently, with greater profitability, enhanced security and compliance. DocuSign is the only Web-based service to securely automate and control the entire electronic document signing process. DocuSign employs the SaaS eSign industry's only enterprise class SAS-70, fully redundant data center delivering 99.993% uptime for customers over the last 30 months. To date, more than 70 million signature events have been executed using DocuSign. In addition, DocuSign is the official and exclusive provider of e-signature services for the National Association of REALTORS® 1.1 million members, under the REALTOR Benefits® Program.
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