FIRST Insurance Funding Innovates Premium Loan Financing With DocuSign
DocuSign Helps FIRST Insurance Funding Accelerate Loan Transactions to Increase Loan Processing Efficiency, Reduce Costs, and Delight Agents, Brokers, and Clients
SAN FRANCISCO – DOCUSIGN MOMENTUM – May 3, 2012 – DocuSign, the global standard for electronic signature, announced today at its annual user conference that FIRST Insurance Funding, the Northbrook, Ill.-based premium insurance financing company, has implemented DocuSign to accelerate and simplify processing of all loan transactions. FIRST chose DocuSign’s eSignature solution to increase loan processing efficiency, lower costs, and further enhance their industry-leading service experience for more than 2,500 insurance agents, brokers, and their clients.
“FIRST Insurance Funding is dedicated to providing superior service through constant innovation,” said Mark Steenberg, Division President at FIRST Insurance Funding Corporation. “DocuSign’s eSignature solution has helped us innovate our loan financing processes to better serve our agents and brokers with an easier, more convenient and secure way to transact business – ensuring clients get the insurance funding they need fast.”
DocuSign is helping FIRST Insurance Funding to:
- · Increase loan processing efficiency – DocuSign’s eSignature solution helps agents and brokers achieve straight-through processing of loans with the fastest, easiest, most secure way to send, sign, track, and store documents in the cloud
- · Reduce costs – DocuSign eliminates printing, faxing, scanning, and overnighting documents for signature
- Delight brokers, agents, and clients – With DocuSign, FIRST is able to deliver a more convenient way for agents and brokers to transact business with clients – anytime, anywhere, on any device
“DocuSign is excited to help FIRST Insurance Funding provide eSignature convenience to their agents, brokers, and clients,” said Dustin Grosse, DocuSign’s chief marketing officer. “DocuSign has become the eSignature standard across insurance and financial services by helping companies delight their customers with faster and better experiences.”
FIRST Insurance funding has integrated DocuSign into its core business systems through DocuSign’s Application Programming Interface (API) so customer data is seamlessly pulled into loan documents for agents and brokers to send to clients for signature. Information supplied by customers within loan documents is automatically updated in FIRST’s business systems – eliminating the costs, errors, and delays associated with the manually rekeying customer data.
DocuSign’s eSignature solution provides FIRST’s agents and brokers increased visibility and control into the funding process with real-time status tracking of loan paperwork so that they can see who has opened, reviewed, and signed documents. Because DocuSign guides signers through the signature process and requires that all signatures, initials, and other needed information are in place before completion, all documents are returned in good order the first time, every time. Companies interested in DocuSign’s eSignature solution may visit www.docusign.com.
About DocuSign Inc.
DocuSign® is the leader in eSignature transaction management, and the global standard for eSignature. DocuSign helps customers accelerate transaction cycle times to increase speed to results, reduce costs, and delight customers with the easiest, fastest, most secure global network for sending, signing, tracking, and storing documents in the cloud. For more information, visit www.docusign.com or call 877.720.2040. Visit the DocuSign blog at www.docusign.com/blog and follow DocuSign on Twitter, LinkedIn and Facebook.
About FIRST Insurance Funding
FIRST Insurance Funding Corp. is a subsidiary of Wintrust Financial Corporation (Wintrust) (NASDAQ: WTFC), a financial services holding company based in Lake Forest, Illinois, with $16 billion in assets. Wintrust engages in the business of providing traditional community banking services, wealth management services, commercial insurance premium financing, mortgage origination, short-term accounts receivable financing, and certain administrative services, such as data processing of payrolls, billing and treasury management services. Wintrust provides community-oriented, personal and commercial banking services to customers located in the greater Chicago, Illinois and southern Wisconsin metropolitan areas through its 15 wholly owned banking subsidiaries and more than 100 locations.