Electronic signature technology is helping businesses both large and small eliminate errors, cut shipping costs, and improve their bottom line. In today’s economic climate, businesses of all sizes are looking for ways to cut costs, mainly becoming more productive with less overhead. Electronic signatures offer what any company needs to meet this challenge head-on.

1. Electronic Signatures “ A look at signing electronically ” Why Your Company Should Go Paperless In Today’s High-Tech World Stay Competitive in Your Market Copyright © 2009 eOriginal, Inc.

4. Going Paperless: Why Your Company Should Go Paperless in Today’s High-Tech World 4 Go Green! Improve efficiency, minimize errors, reduce administrative costs, and, of course increase the profitability of your deals. These are just a few of the benefits associated with going paperless. The following four steps are a guideline to implementing paperless processes. Before you begin, it is also critical to gather the proper internal resources and create a “working group” of participants from legal, IT and operations. These four steps are applicable to either hosted solutions or those deployed “behind the firewall”. Step 1 : CREATE. Today, most leasing and financial services organizations create their contracts and supporting documentation through a loan originating system such as LeaseTeam’s “Sales Manager”, International Decision System’s “InfoLease” or a custom, proprietary product. The documents are created electronically and in most transactions forwarded to the clients and guarantors by courier or email for printing and “blue ink” signatures. The components of eContracting (electronically signing and vaulting) can be integrated with your loan origination system. Integration is not required nor is a change to your current automated document generation process. eContracting simply requires an Adobe PDF document. Step 2: ESIGN. ADDING ESIGNATURES. Instead of emailing or sending documents by courier, the electronically created documents are generated as usual using your loan origination system, then uploaded into a secure portal where signing participants are invited by email to register and execute their documents. After authentication, the signers execute electronically and a final, fully executed document is created. Each of the signatories and anyone denoted as a carbon copy recipient receives a notification when the document is finalized with all required signatures. Signatories and other designated parties are provided with a link to view or print copies of the final, fully executed document. Step 3: PROTECT . THE ADDITION OF ELECTRONIC VAULTING (“EVAULTING” OR “EVAULT”) FOR COMPLIANCE AND SECURITY. So, what is an eVault? Legislation establishes the necessity for financial institutions to manage, maintain, and protect electronically signed documents. eVaulting is a means to that end. In order for the validity of any electronic document to be upheld in a court of law, or for any electronic document to be sold or transferred to a new secured party, the financial institution must be able to show the documents under its control to be the legally binding “authoritative copies” – the electronic equivalent to the original negotiable paper promissory note (9per UETA, ESIGN and Revised UCC 9-105). For example, there must be a unique copy of the eContract, which can be proven to be unaltered since the time of signing. To ensure that an electronic contract remains negotiable and legally enforceable, the eVault permanently binds the electronic signatures to the document and creates a tamper-evident audit trail, demonstrating ownership (control) and compliance. In the paper world, physical possession of a negotiable instrument demonstrates ownership. In the electronic world, “control” of “eChattel” replaces the requirement for physical possession. Step 4 : MANAGE. CONTROLLING ACCESS, AUDTING, BUYING AND SELLING. Once a transaction is closed electronically, depositing into an eVault both ensures compliance and legal protection as well as meeting the often more stringent requirements for resale within the secondary market. An eVault manages the legally Binding authoritative copy of an electronically signed contract or other document in a secure location where it is held and transitioned during the entirety of its lifecycle. Four Steps to Implementing Paperless Closing Processes

6. Going Paperless: Why Your Company Should Go Paperless in Today’s High-Tech World 6 Stories of Success Automotive Retail Installment Contracts Challenge This company was experiencing a significant lag in obtaining documents. They were also faced with unauthorized changes, errors & omissions with agreements (~ 20%) Solution Electronic signature processes were added, using both signature pads and online signing methods. Benefits Errors drop to 0 with eContracting. Elimination of paper by way of electronic signatures. Funding occurred in 1 day vs up to 6 weeks using prior paper process Changing the Banking Landscape Banks are already moving away from paper processes, finding electronic documents easier to manage, access and store. A more streamlined process makes it easier for banks to capture customer commitments quickly. However, the safeguards built into traditional paper processes must still be incorporated into the electronic environment. Steps must be taken to ensure the integrity of electronic financial transactions from the point of signature forward. Today, Most financial institutions handle loan transactions partially through electronic processes, yielding some efficiency gains but often stopping short of complete electronic signing technology and easily integrated electronic vaulting capabilities can release banks and credit unions from hybrid limbo and extend their document management capabilities to further streamline operations. To control costs, enhance the customer experience and increase their competitive edge, banks and credit unions are incorporating new capabilities to protect electronically signed original documents and contracts. In addition to the efficiencies, electronic processes provide better security, auditing and compliance while enabling the elimination of paper. Accurate the First Time In the credit union space, complete electronic loan transactions are more common than in larger financial institutions. Because they do not distribute profits, credit unions channel more of their financial resources into technology. In addition, their operating procedures require daily transactions to be signed by customers more frequently than banks. Consequently they entered into electronic banking sooner than banks and enjoy a higher adoption rate of electronic signature pads, estimated at 50 percent. Their earlier foray into electronic loans not only produced cost savings but solved quality control problems. After implementing electronic signing capabilities, credit unions experience cost reductions in the front end of the loan process. Professionals in credit unions report that the greatest value of electronic loans is that documents are signed correctly the first time. Manual processing errors are eliminated by the nature of the electronic process because a borrower cannot move forward through electronic signing until each section of the loan is completed and signed correctly. Lenders no longer have to go back and recreate or rework the loan, get a customer back in to sign a missed area or incur additional shipping, faxing or filing costs. An estimated 20 percent of loans are not signed accurately the first time and need to be corrected. To back-track on a loan document takes a tremendous amount of time, effort and people. How Financial Institutions are Benefiting from Using Electronic Documents